Core Insights - American Bitcoin Corp. has acquired approximately 416 Bitcoin since its last update, bringing its total Bitcoin reserve to about 4,783 as of December 8, 2025, which includes Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN [1][3][4] - The company's Satoshis Per Share (SPS) metric has increased by over 17% in just over a month, reflecting the amount of Bitcoin attributable to each outstanding share of common stock [2][4] - The company aims to build a robust Bitcoin infrastructure in the U.S. and has positioned itself as one of the largest and fastest-growing Bitcoin accumulators since its Nasdaq listing [3][6] Bitcoin Reserve and SPS - As of December 8, 2025, the Bitcoin reserve stands at 4,783, marking a 19.5% increase from November 5, 2025 [4] - The Satoshis Per Share (SPS) is reported at 507, which is a 17.3% increase over the same period [4] - The SPS and Bitcoin reserve figures have been adjusted to reflect the merger exchange ratio from the merger with Gryphon Digital Mining, Inc. on September 3, 2025 [4] Company Strategy and Future Outlook - The company emphasizes its commitment to scaling its Bitcoin reserve and maintaining an efficient cost structure, which is expected to support long-term value creation [3][6] - The management expresses confidence in advancing its strategy and building on the current momentum in the upcoming months [3]

___________________________________________ Muzero Acquisition Corp (Exact name of registrant as specified in its charter) ___________________________________________ As filed with the U.S. Securities and Exchange Commission on December 3, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 6 th Floor New York NY 10016 Telephone: (212) 947-7200 Telephon ...

Is he correct there, David, that this machinery does not pose a national security risk. Now, unfortunately, there are major concerns across the US government, across the US intelligence community and law enforcement from the Congress, from the Senate Intelligence Committee, that actually this equipment poses certain major national security vulnerabilities, both with respect to hostile intelligence collection and with respect to the ability of China potentially to use these machines to sabotage the US power ...

Financial Performance - Hut 8's Q3 2025 revenue increased to $83.5 million, compared to $43.7 million in Q3 2024[18] - Net income for Q3 2025 was $50.6 million, a significant increase from $0.9 million in Q3 2024[18] - Adjusted EBITDA for Q3 2025 reached $109.0 million, substantially higher than $5.6 million in Q3 2024[18] Strategic Initiatives and Expansion - Hut 8 launched a multi-site expansion program with over 1.5 GW of energy capacity under development across four sites[16, 25] - The company refined its development pipeline, adding a new "Development" stage for late-stage projects, with a total pipeline of 9,670 MW[27, 28] - Hut 8 holds 13,696 Bitcoin in reserve, with a market value of approximately $1.6 billion as of September 30, 2025[40] Segment Performance - Bitcoin Mining revenue increased by $54.3 million, driven by infrastructure upgrades and American Bitcoin's deployment of additional mining capacity[39] - Power Generation revenue increased by $1.9 million due to elevated demand across the company's natural gas-fired power plants in Ontario[36] - Managed Services revenue declined by $19.7 million year-over-year, attributable to the termination of the Managed Services Agreement with Ionic Digital[36] American Bitcoin (ABTC) Highlights - American Bitcoin's revenue for Q3 2025 was $64.22 million[52] - American Bitcoin held 3,418 Bitcoin in reserve as of September 30, 2025[52]

Group 1 - BitFuFu Inc. (NASDAQ:FUFU) is recognized as one of the best stocks under $5 with significant upside potential [1] - The company announced the offering of NTMINER S21+ Hyd. Bitcoin miners at a special rate of $15.3 per terahash (TH/s) [1] - The ANTMINER S21+ Hyd. delivers a hashrate of 358 TH/s at 5370 W, achieving an energy efficiency of 15 J/TH [3] Group 2 - BitFuFu Inc. provides digital asset mining and cloud mining services, catering to both individual enthusiasts and institutional customers [4] - The company emphasizes a compliant, secure, and transparent blockchain infrastructure [4] - The hosting fee for mining services is competitively priced at $0.078/kWh, appealing to miners preparing for a potential Bitcoin bull market [2]

Core Insights - BitFuFu Inc. has launched the ANTMINER S21+ Hyd. Bitcoin miners for purchase and hosting, targeting miners in preparation for a Bitcoin bull market [1][2] Group 1: Product Offering - The company offers a special rate of $15.3 per terahash (TH/s) and a hosting fee as low as $0.078 per kWh, making it an attractive option for miners [2] - The ANTMINER S21+ Hyd. has a hashrate of 358 TH/s at 5370 W, achieving an energy efficiency of 15 J/TH, and is priced at approximately $65,000 [5] Group 2: Hosted Mining Service - Hosted mining involves fully installed and operational mining machines in professional facilities, with operators managing daily operations [3] - Customers maintain full ownership of their miners and Bitcoin mining rewards, with no lock-in periods or minimum commitments [4] Group 3: Company Performance - As of September 30, 2025, BitFuFu managed a total hashrate of 36.0 EH/s and a power capacity of 624 MW, serving over 641,000 users and holding 1,959 BTC [7] Group 4: Competitive Advantages - BitFuFu's hosted mining service integrates various solutions including cloud mining, miner sales, and mining pool services, aimed at reducing startup costs for miners [6]

Core Viewpoint - 瑞和数智科技控股有限公司 is actively expanding its presence in the RWA (Real World Asset) sector through strategic partnerships and investments, aiming to leverage digital technology for asset tokenization and enhance its Web3.0 strategy [1][2][6]. Group 1: Strategic Partnerships and Investments - 瑞和数智 signed a strategic cooperation agreement with 铁林超光 to collaborate in the RWA field, focusing on the digital issuance of physical assets like renewable energy plants [1]. - The company has invested 80 million HKD in Web3.0 and cryptocurrency assets and partnered with BITMAIN for cloud mining services, showcasing its commitment to the digital asset landscape [1]. - The collaboration aims to create a benchmark project in the renewable energy sector, with an initial project involving over 60 MW capacity and an investment exceeding 250 million RMB [4][5]. Group 2: RWA Market Growth and Potential - The RWA market is projected to grow significantly, with a forecasted market size of over 260 billion USD by mid-2025, reflecting a fivefold increase from 2022 [2]. - RWA tokenization is expected to become a major trend, with predictions that by 2030, 10%-30% of global assets will be tokenized, potentially reaching a market size of 16 trillion USD [2]. - The integration of RWA with renewable energy assets is seen as a promising financing model, enhancing liquidity and efficiency in asset transactions [4][6]. Group 3: Regulatory Support and Market Positioning - The Hong Kong government is actively promoting RWA development through clear regulatory frameworks and policies, aiming to establish the region as a leading RWA hub in Asia [3]. - The launch of the world's first RWA registration platform in Hong Kong marks a significant step towards the practical application of RWA, moving from concept validation to large-scale implementation [3]. - 瑞和数智's collaboration with 铁林超光 is positioned to leverage the unique advantages of both companies, enhancing their market influence and expanding their asset scale [5][6].

Core Viewpoint - 瑞和数智 (3680.HK) has signed a strategic cooperation agreement with 铁林超光 (Shenzhen) Technology Co., Ltd. to deepen collaboration in the RWA field, focusing on the digital issuance of physical assets in the renewable energy sector and global market expansion [1] Group 1: Strategic Cooperation - The partnership will focus on a renewable energy power station project with a total capacity exceeding 60MW and an investment of over 250 million yuan [1] - This collaboration represents a significant practice of integrating physical assets with digital technology in the RWA sector [1] Group 2: Recent Developments - Since announcing an investment of 80 million HKD in late July to enter the Web3.0 and cryptocurrency asset space, 瑞和数智 has been actively implementing major initiatives to accelerate its Web3.0 strategy [1] - The company has invested 3 million USD in collaboration with BITMAIN, one of the largest digital currency mining machine manufacturers, to enter the BTC cloud mining market [1] - The recent moves demonstrate the strong backing of 瑞和数智's shareholders and the company's ambition to expand its digital asset strategy [1]

Core Insights - Hut 8 Corp. reported strong financial results for the second quarter of 2025, highlighting a significant shift in its asset commercialization strategy and a focus on long-term contracts [2][5][11] - The company achieved a revenue of $41.3 million, net income of $137.5 million, and an Adjusted EBITDA of $221.2 million, marking a substantial improvement compared to the previous year [5][12][13] Financial Performance - Revenue for the second quarter of 2025 was $41.3 million, up from $35.2 million in the same period last year, with contributions from Power ($5.5 million), Digital Infrastructure ($1.5 million), and Compute ($34.3 million) [11][12] - Net income for the quarter was $137.5 million, a significant recovery from a loss of $72.2 million in the prior year, driven by gains on digital assets [12][29] - Adjusted EBITDA reached $221.2 million, compared to a loss of $57.5 million in the previous year, indicating a strong operational turnaround [13][22] Asset Management and Strategy - The total energy capacity under management was reported at 1,020 megawatts (MW) as of June 30, 2025, with a development pipeline of approximately 10,800 MW, including 3,100 MW under exclusivity [5][6][10] - The company has commercialized nearly 90% of its energy capacity under long-term contracts, a significant increase from less than 30% a year ago [2][6] - Hut 8's strategic Bitcoin reserve expanded to 10,667 Bitcoin, valued at approximately $1.1 billion as of June 30, 2025 [5][12] Innovations and Partnerships - The launch of American Bitcoin as a dedicated anchor tenant for Hut 8's Power and Digital Infrastructure segments reflects the company's evolving partnerships with major players like BITMAIN, Macquarie, Coinbase, and Anchorage [2][6] - The Vega facility, designed in-house, is positioned as a prototype for next-generation AI infrastructure, showcasing the company's commitment to innovation [2][7] Future Outlook - Hut 8 is advancing its AI data center development opportunities, with a focus on a 592-acre campus in Louisiana, indicating a strategic move towards high-performance computing [6][12] - The company is also preparing for a go-public transaction for American Bitcoin, which is expected to enhance its market presence and operational capabilities [13][18]

Core Viewpoint - Hut 8 Corp. has announced a corporate rebrand to better align its external positioning with its strategic focus on energy and digital infrastructure, emphasizing a disciplined capital allocation and operational rigor [1][2] Company Developments - The rebrand reflects a power-first, innovation-driven approach to developing and operating energy and digital infrastructure [2] - Since the merger with U.S. Data Mining Group in November 2023, Hut 8 has expanded its energy infrastructure platform to 1,020 megawatts (MW) under management across 15 sites as of March 31, 2025 [2] - The company has built a utility-scale power origination pipeline of approximately 10,800 MW, a more than threefold increase from over 3,000 MW at the end of Q2 2024 [2] - Hut 8 is advancing AI data center development opportunities with a total capacity of 430 MW, including a 592-acre campus in Louisiana [2] - The company has restructured its Bitcoin mining business into a standalone entity, American Bitcoin Corp., allowing for independent scaling [2] Financial Strategies - Hut 8 executed innovative financings, including an upsized Coinbase credit facility from $65 million to $130 million at a fixed interest rate of 9.0% [2] - A Bitcoin-backed call option structure was utilized to fund machine purchases from BITMAIN, and a covered call program generated over $20 million in net proceeds in fiscal year 2024 [2] - An at-the-market equity offering program raised $275.5 million in net proceeds at a weighted average price of $28.23 per share as of March 31, 2025 [2] Institutional Growth - Institutional ownership increased from approximately 12% at the end of Q1 2024 to about 55% by year-end 2024, supported by strategic investments and the onboarding of a Big 4 audit firm [8] - The company has realigned its reporting structure to provide a clearer view of how each layer of its platform contributes to growth and profitability [8] Brand Legacy - The Hut 8 name remains unchanged, honoring the legacy of technical innovation associated with Alan Turing's work at Bletchley Park [3]