Engie eyes bitcoin mine and storage system at huge new Brazil solar plant | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The Engie logo is displayed during the 107th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF) at the Paris Expo Porte de Versailles convention center in... [Purchase Licensing Rights, opens new tab] Read more- Companies[Engie North America Inc.]Follow[Engie SA]FollowRIO DE ...

CASTLE ROCK, Colo., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, announced today that it has scheduled its fourth quarter and year-end 2025 earnings conference call for Monday, March 2, 2026, at 4:30 P.M. EST. This conference call will be available through an audio-only webcast. Please use this link here to register. Participants who choose to d ...

JPMorgan Chase analysts say a new leader has emerged in the public Bitcoin mining race, and it is not MARA Holdings. Singapore-based Bitdeer has overtaken American Bitcoin (BTC) mining giant MARA (NASDAQ: MARA) in self-mining hash rate. According to JPMorgan analysts led by Reginald Smith, Bitdeer now allocates 63.2 exahashes per second (EH/s) to mine Bitcoin (BTC) for itself, surpassing MARA’s last reported 60.4 EH/s. Exahashes (EH/s) is a unit used to measure Bitcoin mining hashrate. One exahash equa ...

American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump toasted the firm’s treasury hitting the 6,000 Bitcoin (CRYPTO: BTC) milestone on Tuesday.Trump Sees ‘Exciting Days Ahead’In an X post, Trump stated that the firm hit the “incredible” milestone within six months of going public. “Today is a testament to ABTC’s execution, which has built one of the fastest-growing Public Bitcoin reserves in the world, outpacing many established players in a fraction of the time,” Trump added. “Exciting days ahead!”As ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 reached $225 million, representing a 226% increase year-over-year and a 33% increase sequentially [4] - Gross profit totaled $10.6 million, with an adjusted EBITDA of $31.2 million for the quarter [4][21] - Self-mining revenue was $168.6 million, up 306% year-over-year and 28.7% sequentially [16] - Total operating expenses for the quarter were $66.3 million, compared to $42.5 million in Q4 2024 and $60.5 million in Q3 2025 [19] - Adjusted net loss was $82.6 million, compared to $37.4 million in Q4 2024 and $36.3 million in Q3 2025 [21] Business Line Data and Key Metrics Changes - Self-mining revenue growth was driven by a significant increase in average operating hash rate and associated Bitcoin production, despite a 13% decrease in average Bitcoin prices [16][17] - SEALMINER sales revenue was $23.4 million, up 105.4% from the previous quarter [17] - The overall fleet-wide efficiency improved to 17.5 joules per terahash as of January 31, 2026, due to the deployment of next-generation SEALMINER rigs [13] Market Data and Key Metrics Changes - The company reported over 1.66 GW of capacity online and a total global power pipeline of 3 GW, positioning itself favorably in the AI and Bitcoin mining markets [6] - The demand for large-scale colocation capacity has increased significantly, prompting the company to prioritize colocation services in Norway and the U.S. [6] Company Strategy and Development Direction - The company aims to be a vertically integrated Bitcoin and AI infrastructure provider, focusing on three strategic pillars: Bitcoin mining, ASIC development, and HPC AI [11] - The company is actively pursuing colocation opportunities and has established a strong operational momentum heading into 2026 [27] - The company plans to continue investing in its Bitcoin mining capacity despite current market conditions, reflecting a long-term belief in Bitcoin [42] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by lower Bitcoin prices and higher operational costs but expressed confidence in the company's ability to navigate these challenges [21][47] - The company expects the supply-demand imbalance for AI compute to persist well into 2027, indicating a strong market opportunity [11] Other Important Information - The company plans to transition from IFRS to GAAP accounting standards starting in Q1 2026 [26] - Capital expenditures for 2025 totaled $176 million, with an anticipated range of $180 million to $200 million for 2026 [24] Q&A Session Summary Question: What are the main items being discussed in colocation negotiations? - Discussions vary by counterparty and include price, duration, and design considerations, with confidence in finalizing deals soon [30][31] Question: What should be expected in terms of debt and cost of capital for colocation projects? - Cost of capital will depend on the counterparties and deal terms, making it difficult to predict at this stage [32][34] Question: What type of customers are being targeted for the Tydal site? - The site is expected to attract a range of customers, but specific details remain confidential due to the sensitivity of negotiations [40][41] Question: How does the company view growth in Bitcoin mining in 2026? - The company remains committed to Bitcoin mining and will continue to invest in capacity, though specific projections for hash rate growth have not been provided [42] Question: Is there a price point at which mining activity would slow down? - While there is a price point that could lead to slowing operations, the company has not reached it yet, and efficiency improvements allow continued operation at lower prices [47][48] Question: What is the strategy for GPU as a Service? - The company is focusing on the latest GPUs for larger sites while still pursuing GPU rental for smaller sites [81][82]

Group 1: Bankruptcy Causes - Pacific Gas & Electric (PG&E) filed for Chapter 11 in January 2019 due to liabilities from California wildfires, notably the Camp Fire [1] - J.C. Penney cited Hurricane Harvey damage as a contributing factor to its 2020 bankruptcy, alongside debt and declining sales [2] - Natural disasters often act as accelerants to financial distress rather than being the sole cause of bankruptcies [3] Group 2: Bitcoin Mining Industry - Bankruptcies in Bitcoin mining are frequently attributed to falling hashprice and compressed margins [4] - NFN8 Group Inc. filed for Chapter 11 bankruptcy protection due to a fire at a facility and ongoing financial strain from lease obligations and litigation [6] - The company's distress is described as a result of market dislocation following the April 2024 Bitcoin halving, expensive litigation, and a catastrophic fire [7]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 reached $196 million, up 30.4% quarter-over-quarter and 121.1% year-over-year, marking the highest quarterly revenue in the past three years [6][27] - Full-year revenue for 2025 was $530 million, surging 96.7% year-over-year [12][30] - Gross margin in Q4 was $14.6 million, down from $16.6 million in Q3, primarily due to large-scale orders and declining Bitcoin prices [32] Business Line Data and Key Metrics Changes - Product revenue from mining machines was $165 million in Q4, up 39.1% quarter-over-quarter and 124.5% year-over-year [8] - The total computing power sold reached 14.6 exahash per second, up 45.7% quarter-over-quarter and 60.9% year-over-year [7] - Revenue from North American customers was $125 million, accounting for over 75% of total product sales [28] Market Data and Key Metrics Changes - Bitcoin prices experienced significant volatility, peaking at approximately $126,000 in October before dropping below $90,000 by December [5][26] - The total network hash rate reached historical highs, impacting miners' profit margins [26] Company Strategy and Development Direction - The company aims to integrate computing and energy infrastructure, exploring innovative mining applications and partnerships [10][16] - In 2026, the strategy focuses on securing reliable power resources and developing a systematic approach to power capacity [17][19] - The company plans to enhance its consumer and small to medium-sized business segments, emphasizing product quality and customer experience [20][21] Management's Comments on Operating Environment and Future Outlook - The management expressed a cautious outlook for the first quarter of 2026, anticipating revenue between $60 million and $70 million due to market volatility [24][34] - The company remains focused on maintaining cash flow discipline and preparing for potential demand recovery later in the year [22][34] Other Important Information - The company holds 1,750 Bitcoins and 3,961 Ethereums, valued at approximately $166 million at year-end prices [9][29] - The company has repurchased approximately 2.8 million ADSs for $2 million under its stock repurchase program [31] Q&A Session Summary Question: Update on A16 mass production timeline - The A16 mass production is expected to start after the Lunar New Year holiday, with volume ramp-up by the end of Q1 [39][40] Question: Margin profile difference between Home series and A15 - The Home series maintains good profitability, while industrial machines face pressure due to market conditions [41][42] Question: Size of the total addressable market for energy efficiency initiatives - The scale of individual projects typically ranges from a few megawatts to several tens of megawatts, with a cautious approach to market size estimates [48][49] Question: Long-term manufacturing footprint and U.S. manufacturing adjustments - The company has built a resilient manufacturing setup across multiple regions, including the U.S., to adapt to compliance and market changes [55][56] Question: Breakeven price for Bitcoin mining customers - The all-in payback level for Bitcoin mining is estimated to be around $100,000-$110,000, with a shutdown price for A15 Pro at approximately $37,000 [59][60] Question: Product development and future chip efficiency - The A16 series has achieved 12.8 J/TH, with ongoing efforts to improve energy efficiency for future generations [81][84] Question: Self-mining targets for 2026 - The company does not have a fixed self-mining target for 2026 but aims to prioritize energy resource allocation and infrastructure development [86]

Core Viewpoint - TeraWulf Inc. will host its earnings conference call for the fourth quarter ended December 31, 2025, on February 26, 2026, at 4:30 p.m. ET, with a press release detailing financial results to be issued prior to the call [1][2]. Group 1: Earnings Call Information - The earnings call is scheduled for February 26, 2026, at 4:30 p.m. ET [1]. - Participants can access the call via a dial-in number or a webcast link [3]. - Replay of the call will be available until March 12, 2026, at 11:59 p.m. ET [4]. Group 2: Company Overview - TeraWulf develops, owns, and operates sustainable, industrial-scale data center infrastructure in the U.S., focusing on high-performance computing (HPC) hosting and bitcoin mining [4]. - The company is led by experienced energy infrastructure entrepreneurs and aims to provide scalable compute capacity for next-generation AI and HPC customers [4].

Core Viewpoint - Bitdeer Technologies Group is set to announce its fourth quarter 2025 earnings results on February 12, 2026, highlighting its ongoing commitment to Bitcoin mining and AI infrastructure solutions [1][2]. Group 1: Earnings Conference Call - The earnings conference call is scheduled for February 12, 2026, at 8:00 AM EST, where management will discuss unaudited financial and operational results for the quarter ended December 31, 2025 [1]. - The fourth quarter results will be released prior to the call at approximately 7:00 AM EST on the same day [2]. - A live and archived webcast of the conference call will be available on the Investors section of Bitdeer's website [5]. Group 2: Participation Information - Participants wishing to join the conference call by phone must register using the provided Participant Call Registration link, after which they will receive an email with access details [4]. - The company encourages participants to connect about 5 minutes before the scheduled start time to ensure a timely beginning [4]. Group 3: Company Overview - Bitdeer is a leading technology company specializing in Bitcoin mining and AI infrastructure, providing comprehensive solutions including equipment procurement, logistics, datacenter design, and daily operations [6]. - The company is headquartered in Singapore and has deployed datacenters in the United States, Norway, and Bhutan [6].

Group 1: Bitcoin Mining Activity Impact - Bitcoin mining activity has experienced its largest decline since late 2021 due to a severe winter storm in the US, leading to a significant drop in network hashrate, production, and revenue [1] - The total network hashrate has decreased by approximately 12% since November 11, reaching its lowest level since September 2025 at around 970 exahashes per second [2] - Several publicly listed miners temporarily shut down operations to protect infrastructure and comply with grid curtailment requests, contributing to a trend of reduced activity as Bitcoin prices fell from an all-time high of $126,000 towards $100,000 [3] Group 2: Revenue and Production Decline - Daily Bitcoin mining revenue plummeted from about $45 million on January 22 to a yearly low of $28 million, with a modest recovery to around $34 million, still below recent averages [4] - Production from the largest publicly traded miners dropped from 77 Bitcoin per day to just 28 Bitcoin, while output from other miners fell from 403 Bitcoin to 209 Bitcoin, resulting in a sharp decline in total network output [5] - Publicly listed miners recorded a 30-day rolling decline of 48 Bitcoin in production, the steepest since May 2024, while non-public miners saw a drop of 215 Bitcoin, the largest since July 2024 [6] Group 3: Profitability and Market Conditions - Profitability for miners has worsened, with CryptoQuant's Miner Profit and Loss Sustainability Index falling to 21, indicating that many miners are operating under stressed conditions where revenues do not cover costs [7] - Although mining difficulty has eased as machines went offline, this relief has not sufficiently countered falling prices and operational disruptions, suggesting potential for further difficulty cuts if hashrate remains low [8] - Current data indicates that Bitcoin miners are facing one of the most challenging periods since the post-China ban reset over four years ago [9]