Core Insights - CoinShares International Limited (CNSRF) reported an earnings per share (EPS) of $0.34 and revenue of $35.5 million, both aligning with estimates [1][6] - The company has modified its earnings announcement format due to a waiver from Nasdaq Stockholm, linked to a confidential review by the U.S. Securities and Exchange Commission (SEC) regarding its Q3 2025 earnings report [2] Financial Metrics - CNSRF has a price-to-earnings (P/E) ratio of approximately 4.02, indicating a relatively low valuation compared to its earnings [3][6] - The price-to-sales ratio stands at about 3.94, suggesting that investors are paying $3.94 for every dollar of sales [3] - The enterprise value to sales ratio is close to 3.93, reflecting the company's valuation in relation to its sales [3] - The enterprise value to operating cash flow ratio is around 18.43, indicating how many times the operating cash flow can cover the enterprise value [4] - The earnings yield is approximately 24.86%, representing the percentage of each dollar invested that was earned by the company [4] - The debt-to-equity ratio is about 0.18, indicating a low level of debt compared to equity [4] - The current ratio is approximately 1.07, suggesting that the company has a slightly higher level of current assets compared to its current liabilities, indicating good short-term financial health [5][6]

New: @animocabrands secures full VASP license in Dubai, allowing it to launch broker-dealer and digital asset management services. https://t.co/YonHySgf4W ...

Bybit CEO Ben Zhou: Cryptoassets Are Moving From Trading Tools to Global Financial InfrastructureBen Zhou, Co-Founder and CEO of Bybit, spoke at the closed-door “Family Office Dinner: The Future of Asset Tokenization”, co-hosted by FutureOne MENA and the @dmcccrypto Dubai Multi Commodities Centre, as a warm-up to the 2026 Hong Kong Consensus Conference.Ben highlighted a critical shift in global digital asset management: cryptoassets are evolving beyond trading tools into core components of the global financ ...

Financial Data and Key Metrics Changes - Revenue for the quarter grew year-over-year by approximately $19 million, an increase of almost 12% [17] - Bitcoin production was relatively flat, with revenues of almost $100,000 per Bitcoin compared to $84,000 in the same quarter last year [17] - Gross margins declined from approximately 57% a year ago to 47% this quarter, primarily due to increased network difficulty [17] - The company recognized a net loss of approximately $379 million compared to net income of approximately $247 million a year ago, driven by mark-to-market adjustments [18] - Adjusted EBITDA was negative $295 million, compared to positive $322 million a year ago, also influenced by mark-to-market adjustments [18][20] - Cash balance increased over $400 million compared to Q4, due to a $1.15 billion convertible transaction [21] - Total debt is approximately $1.8 billion, with a net debt-to-liquidity ratio of approximately 1.1 [22] Business Line Data and Key Metrics Changes - The company continues to operate a large-scale Bitcoin mining business, generating strong cash flows from a scaled mining footprint of more than 50 exahash per second [7] - Digital Asset Management (DAM) generated over $13 million in premiums and cash, representing about 24% of normalized adjusted EBITDA [15] - The DAM strategy achieved an annualized return of 4.2% on the average HODL balance, surpassing the target of 4% [25] Market Data and Key Metrics Changes - Power prices increased marginally to $0.056 per kWh, up from $0.049 per kWh a year ago [17] - The company is seeing improving economics per megawatt driven by scale, power quality, and contracting structures [6] Company Strategy and Development Direction - The company is evolving into a digital infrastructure and data center development company, building an infrastructure platform with multiple earning streams [5] - Bitcoin mining funds the platform, AI monetizes it, and digital asset management optimizes it across all cycles [5] - The company is focused on securing scarce power and land, with a strategy to capitalize on the demand for larger sites [10] - The company aims to move from portfolio formation into commercialization milestones, reflecting the demand for AI infrastructure [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for AI infrastructure, citing significant investments from major players like Amazon [34] - The company is focused on disciplined capital deployment and optimizing for durability rather than velocity [12] - Management believes that Bitcoin mining will always be core to the business, providing a strategic advantage in power acquisition [13] Other Important Information - The company completed a $1.15 billion convertible offering, part of which was used to repurchase $460 million worth of shares, totaling over $600 million since December 2024 [9] - The company has over 13,000 Bitcoin, with a strategy to use Bitcoin as a productive capital asset [24] Q&A Session Summary Question: Can you talk about the demand environment for HPC and attributes sought in leasing partners? - Management noted that demand is escalating, with interest from trillion-dollar balance sheet companies for long-term leases [34] Question: How does owning additional land at Sandersville impact conversations with potential tenants? - Management confirmed that owning the land allows for a more orderly process in progressing the AI data center project and enhances the specificity of the compute and power ramp [66] Question: What milestones should be expected in the HPC tenant discussions? - Management indicated that there are multiple potential offtake tenants, with a specific front-runner in discussions for the Sandersville site [79] Question: How does the recent downturn in Bitcoin prices affect the HODL approach? - Management stated that the strategy remains intact, with no plans to dip into the HODL despite current market conditions [55] Question: What is the expected timeline for power availability at the new Texas sites? - The Sealy project is expected to have power available in the first half of 2027, while the Brazoria project is anticipated to energize around Q4 2027 to Q1 2028 [82]

Financial Data and Key Metrics Changes - For Q1 2026, revenue grew year-over-year by approximately $19 million, an increase of almost 12% [17] - Bitcoin production was relatively flat, with revenues of almost $100,000 per Bitcoin compared to $84,000 in the same quarter last year [17] - Gross margins declined from approximately 57% a year ago to 47% this quarter, primarily due to increased network difficulty [17] - The company recognized a net loss of approximately $379 million compared to net income of approximately $247 million a year ago, driven by mark-to-market adjustments [18] - Adjusted EBITDA was negative $295 million, compared to positive $322 million a year ago, also influenced by mark-to-market adjustments [18][20] - Cash balance increased over $400 million compared to Q4, attributed to a $1.15 billion convertible transaction [21] Business Line Data and Key Metrics Changes - The AI data center business is expected to provide stable cash flows and high margins, which will help the company navigate the volatility of Bitcoin mining economics [20] - Digital Asset Management (DAM) generated over $13 million in premiums and cash, representing about 24% of normalized adjusted EBITDA [15] Market Data and Key Metrics Changes - Power prices increased marginally to $0.056 per kWh, up from $0.049 per kWh a year ago [17] - The company has over 13,000 Bitcoin, with a value of approximately $1.5 billion as of September 30 [24][21] Company Strategy and Development Direction - The company is evolving into a digital infrastructure and data center development company, leveraging its Bitcoin mining operations to support multiple revenue streams [5] - The strategy includes a focus on securing scarce power and land, tenant-driven technical alignment, and structured long-term monetization [5][10] - The company aims to build a capital stack that minimizes dilution while expanding into AI data centers [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for AI infrastructure, citing significant investments from major players like Amazon [34] - The company is focused on disciplined capital deployment and optimizing for durability rather than speed in its expansion efforts [12] - Management believes that the current market conditions present opportunities for growth, particularly in AI and data center sectors [20] Other Important Information - The company completed a $1.15 billion convertible offering, part of which was used to repurchase $460 million worth of shares, totaling over $600 million in share repurchases since December 2024 [9] - The company has established a Houston-area infrastructure hub with almost 900 MW of aggregate potential utility capacity to support AI campus deployments [10] Q&A Session Summary Question: Can you discuss the demand environment for HPC and attributes sought in leasing partners? - Management noted that demand is escalating, with interest from trillion-dollar balance sheet companies for long-term leases [34] Question: How does the demand compare across the three sites? - The highest demand is currently at Sandersville due to its energized status and existing infrastructure [36] Question: Is rising demand for AI data centers indicative of broader sector trends? - Management confirmed that demand is rapidly increasing across the sector, with ongoing inquiries from hyperscalers [40] Question: How confident is the company in signing contracts soon? - Management expressed high confidence in securing quality leases sooner than initially expected, emphasizing a disciplined approach [41] Question: How does the recent downturn in Bitcoin prices affect the HODL strategy? - The company plans to maintain its HODL strategy, focusing on selling nearly 100% of monthly operating production while expanding into AI data centers [55] Question: What milestones should be expected in the HPC business? - Management indicated that they are working on a basis of design and are focused on ensuring delivery timelines to avoid risks [51] Question: How does owning additional land at Sandersville impact negotiations? - Owning the land allows for more specific design alignment and eases the complexity of project timelines [66] Question: What is the status of the energization timeline for the Sealy and Brazoria sites? - The Sealy project is expected to have power available in the first half of 2027, while the Brazoria project timeline is less certain but targeted for late 2027 to early 2028 [82]

Financial Data and Key Metrics Changes - For Q1 2026, CleanSpark reported revenue of over $180 million, a year-over-year increase of approximately $19 million or nearly 12% [15][17] - Bitcoin production remained relatively flat, with revenue per Bitcoin rising to almost $100,000 compared to $84,000 in the same quarter last year [15][16] - Gross margins declined from approximately 57% a year ago to 47% this quarter, primarily due to increased network difficulty and slightly higher power prices [16][18] - The company recognized a net loss of approximately $379 million compared to a net income of approximately $247 million a year ago, driven by mark-to-market adjustments [17][20] - Adjusted EBITDA was negative $295 million, compared to positive $322 million a year ago, also influenced by mark-to-market adjustments [17][19] Business Line Data and Key Metrics Changes - CleanSpark's Bitcoin mining operations continue to generate strong cash flows, with a hashing capacity of over 50 exahash per second [5][6] - The Digital Asset Management (DAM) strategy generated over $13 million in premiums and cash, representing about 24% of normalized adjusted EBITDA [13][22] - The DAM strategy achieved an annualized return of 4.2% on the average HODL balance, surpassing the target of 4% [23] Market Data and Key Metrics Changes - Power prices increased marginally to $0.056 per kWh from $0.049 per kWh a year ago [16] - The company has seen improving economics per megawatt in the AI market, driven by scale and power quality [5][10] Company Strategy and Development Direction - CleanSpark is evolving into a digital infrastructure and data center development company, expanding beyond Bitcoin mining to include AI monetization and digital asset management [4][5] - The company is focused on securing scarce power and land, with a strategy that includes tenant-driven technical and commercial alignment [5][10] - CleanSpark aims to build a diversified infrastructure platform with multiple independently valuable earning streams, anchored by utility-grade power [4][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for AI infrastructure, citing significant investments from major companies like Amazon [33][39] - The company is strategically positioned to capitalize on the demand for larger sites and is in advanced discussions with potential tenants [10][41] - Management emphasized a disciplined approach to capital deployment and the importance of maintaining flexibility in a volatile market [11][19] Other Important Information - CleanSpark completed a $1.15 billion convertible offering, using part of the proceeds to repurchase $460 million worth of shares, totaling over $600 million since December 2024 [6][7] - The company has a cash balance of over $400 million, with approximately $1.15 billion in Bitcoin value as of the end of Q1 [20][21] Q&A Session Summary Question: Demand environment for HPC and attributes sought in leasing partners - Management noted that demand is escalating, with interest from trillion-dollar balance sheet companies for long-term leases [31][33] Question: Demand for specific sites (Sealy, Sandersville, Brazoria) - Sandersville currently has the highest demand due to its energized status and existing infrastructure [35] Question: Rising demand for AI data centers and sector-wide implications - Management confirmed that demand is rapidly increasing, with ongoing inquiries from hyperscalers [39] Question: Confidence in signing contracts with tenants - Management expressed high confidence in securing quality leases within a shorter timeframe than initially expected [40] Question: Impact of owning land on negotiations - Owning additional land at Sandersville enhances the company's position in negotiations and project timelines [63] Question: ERCOT's proposed large load batch study process - Management indicated that their projects are in favorable positions relative to ERCOT's new processes, with significant progress already made [67][70] Question: Long-term power market attractiveness - CleanSpark is evaluating opportunities in various power markets, maintaining a diverse portfolio [74] Question: Status of potential HPC tenants - There are multiple potential tenants, with one clear front-runner in discussions for the Sandersville site [78]

Core Insights - SecureTech Innovations, Inc. has announced its strategic agenda for FY2026 following a successful FY2025 marked by significant operational and financial achievements [1][2] FY2025 Achievements - FY2025 was a breakout year for SecureTech, strengthening its balance sheet and operational capabilities for long-term growth [2] - Key milestones included transitioning from a stockholder deficit of ($440,042) to over $10.4 million in stockholder equity as of September 30, 2025, and achieving record revenue and profitability in Q3 2025 [6][4] - The company reduced its issued and outstanding shares by approximately 61 million, representing a 78% reduction, aligning its capital structure with long-term shareholder interests [6] FY2026 Strategic Priorities - SecureTech's strategic plan for FY2026 focuses on growth, market expansion, and operational discipline [4] - The company completed the acquisition of AI UltraProd, enhancing its technology portfolio and market position [6] - Plans include uplisting to the NASDAQ Capital Market in Q2 2026, contingent on meeting listing requirements [7] - AI UltraProd is set to expand into the U.S. and Indonesian markets, leveraging its advanced manufacturing technologies [7] - An investor awareness program will be launched to enhance visibility and outreach to the investment community [7] - The company will evaluate additional M&A opportunities with candidates generating $5–$10 million in annual revenue [8] Future Initiatives - The company plans to complete the spin-off of its Top Kontrol safety device business onto the OTCQB, creating a dedicated growth platform [13] - SecureTech intends to establish a Bitcoin treasury reserve within its Piranha Blockchain subsidiary, aligning with trends in digital asset management [13]

RT Ous (@DangaWrites)Ripple launched Ripple Treasury, unifying cash and digital asset management in a single corporate platform 🧾.The product integrates GTreasury’s software with Ripple’s blockchain stack, the first major release since Ripple’s $1 billion acquisition of the Chicago-based firm in October. ...

Group 1 - Ripple has launched the Ripple Treasury platform, integrating GTreasury enterprise software with Ripple's blockchain infrastructure for unified management of traditional cash and digital assets [1] - The platform enables cross-border settlements in 3-5 seconds using the RLUSD stablecoin and is expected to access the repo market through Hidden Road [1]

Core Viewpoint - Sonim Technologies is rebranding to DNA X, Inc. following the asset sale to NEXA, with proceeds aimed at debt retirement and funding digital asset management operations [1][2]. Group 1: Company Name Change and Operations - The company will now operate under the name DNA X, Inc., focusing on the digital asset trading platform acquired in December 2025 [2]. - The Nasdaq trading symbol will temporarily remain as SONM, with a planned transition to DNAX in the near future [2]. Group 2: Financial Implications - Proceeds from the asset sale are expected to be used for debt retirement and to provide working capital for the company's operations in digital asset management [1].