Bitcoin miner Greenidge to sell Mississippi facility for $3.9 million amid financial strain and Trump's latest tariff overhaul https://t.co/E0gV1H3wCM ...

Core Insights - IREN Limited reported record monthly revenue of $86 million and hardware profits of $66 million in July 2025, driven by strong Bitcoin mining economics and demand for AI Cloud services [7][5][11] Bitcoin Mining Performance - Average operating hashrate increased to 45.4 EH/s in July from 41.1 EH/s in June [4] - Total Bitcoin mined rose to 728 BTC in July, up from 620 BTC in June [4] - Revenue per Bitcoin mined increased to $114,891 from $105,730 [4] - Net electricity cost per Bitcoin mined was $27,976, compared to $26,259 in June [4] - Total revenue from Bitcoin mining reached $83.6 million, up from $65.5 million in June [4] - Hardware profit from Bitcoin mining was $63.3 million with a profit margin of 76%, slightly up from 75% in June [4] AI Cloud Services - Revenue from AI Cloud services was $2.3 million, a slight increase from $2.2 million in June [6] - Hardware profit for AI Cloud services was $2.3 million with a consistent profit margin of 98% [6] - The company expanded its AI Cloud capabilities with the addition of 2,400 NVIDIA B200/B300 GPUs and completed the initial shipment of B200 GPUs [5][11] Infrastructure and Growth Initiatives - The 50MW Horizon 1 liquid-cooled AI data center is on track for completion in Q4 2025 [5] - Mackenzie fiber upgrade has been completed, enhancing network redundancy and supporting AI Cloud growth [5][11] - Civil and electrical works for the 1,400MW Sweetwater 1 project are ongoing [5] Management Commentary - Management highlighted the adaptability of their infrastructure to run ASICs and GPUs side-by-side, capturing market opportunities [8] - The company is experiencing accelerating interest in newly procured Blackwell GPUs, with significant contracts already in place [8][11]

Core Insights - Sphere 3D Corp. reported its financial results for Q2 2025, highlighting a net income of $1.7 million, a decrease from $2.1 million in Q2 2024 [6][7] - The company aims to strengthen its foundation and manage costs while scaling its operations in response to the long-term growth of Bitcoin adoption [2] Financial Performance - Revenue for Q2 2025 was $3.0 million, down from $4.7 million in Q2 2024, attributed to weaker post-halving economics and downtime during the transition from high-cost hosting contracts [7][9] - Bitcoin production decreased to 30.9 Bitcoin in Q2 2025 from 70.7 Bitcoin in Q2 2024 [7] - Operating costs and expenses were reduced by 46% to $5.6 million compared to $10.4 million in Q2 2024 [7][9] - Loss from operations decreased by 54% to $2.6 million in Q2 2025 from $5.7 million in Q2 2024 [7][9] - Investment gain for Q2 2025 was $4.3 million, down from $7.8 million in Q2 2024 [7][9] Bitcoin Assets - As of June 30, 2025, the company held a self-mined Bitcoin balance of 20.5 Bitcoin, with a fair value of approximately $2.2 million [3][11] Balance Sheet Highlights - Total assets decreased to $34.4 million as of June 30, 2025, from $43.2 million at the end of 2024 [10][11] - Shareholders' equity also declined to $32.7 million from $39.3 million during the same period [11]

Core Insights - Cipher Mining Inc. reported its unaudited production and operations update for July 2025, highlighting significant metrics in bitcoin mining and operational efficiency [1] Production Metrics - The company mined approximately 214 BTC in July 2025, with 52 BTC sold during the month, resulting in a total holding of around 1,219 BTC at month-end [2][4] - Cipher deployed 115,000 mining rigs, achieving a month-end operating hashrate of 20.4 EH/s and a fleet efficiency of 19.2 J/TH [2] Financial Performance - The estimated power sales for July were equivalent to approximately 6 BTC, based on the month-end bitcoin price of $115,637, along with an additional 21 BTC mined at joint venture data centers representing Cipher's ownership [2][6] Operational Developments - The Black Pearl Phase I project began contributing significantly to production, accounting for about 24% of the total bitcoin mined in July, with expectations for increased contributions in the coming months as the project scales [3][5] - A business update is scheduled for the earnings call on August 7, 2025, where further insights into the company's operations will be shared [3]

RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'THE MINING POD: How to Mine Bitcoin From Home in 2025,’ in partnership with @blockspacepod!Welcome back to The Mining Pod! Today, Nolan and Donny join us to talk about the BitAxe pleb mining revolution, home mining setups, BitAxe device modifications, the lottery aspect of solo mining, heating applications, and why these small miners are becoming the best educational tool for understanding Bitcoin mining from the ground up.**Notes: ...

Core Insights - Riot Platforms, Inc. produced 484 Bitcoin in July 2025, marking an 8% increase from June 2025 and a 31% increase year-over-year [1][2][4] - The company achieved an average Bitcoin production of 15.6 per day, which is a 4% increase month-over-month and a 31% increase year-over-year [2][4] - Riot's Bitcoin holdings reached 19,287, reflecting a 0% change from the previous month but a 99% increase from July 2024 [2][4] Production and Financial Metrics - Bitcoin sold in July totaled 475, resulting in net proceeds of $54.8 million, a 32% increase from June 2025 [2][4] - The average net price per Bitcoin sold was $115,411, which is a 10% increase from the previous month [2][4] - The total deployed hash rate remained stable at 35.5 EH/s, while the average operating hash rate increased to 30.2 EH/s, a 1% increase from June 2025 [2][4] Power Management and Efficiency - Riot reported an all-in power cost of 2.8 cents per kWh, a decrease of 37% month-over-month and 31% year-over-year [2][4] - Total power credits amounted to $13.9 million, a significant increase of 160% from June 2025 [2][4] - Fleet efficiency improved to 21.2 J/TH, maintaining the same level as the previous month but showing an 18% improvement year-over-year [2][4] Operational Developments - The company closed on an additional 238 acres in Corsicana, TX, bringing total ownership in the area to 858 acres, which supports future data center development [5] - Riot is actively recruiting for various positions to support its expansion and operational needs [5][6]

Core Insights - MARA Holdings, Inc. reported a 2% month-over-month decrease in blocks won and a 1% decrease in Bitcoin produced for July 2025, with total Bitcoin holdings surpassing 50,000 BTC, making it the second-largest publicly traded holder of Bitcoin globally [1][3][7] Production Metrics - Number of blocks won in July: 207, down from 211 in June, representing a 2% decrease [6] - Bitcoin produced in July: 703 BTC, down from 713 BTC in June, a 1% decrease [6] - Average Bitcoin produced per day: 22.7 BTC, down from 23.8 BTC in June, a 4% decrease [6] - Energized hashrate increased by 3% to 58.9 EH/s compared to 57.4 EH/s in June [6] Financial Position - As of June 30, 2025, the company held over $5 billion in liquid assets and raised nearly $1 billion since then, providing flexibility for domestic growth and international expansion [5] - The company treats its Bitcoin holdings as productive, risk-managed assets, aiming to enhance long-term shareholder value through disciplined asset management [5] Operational Developments - The company is preparing to energize the data center at its Texas wind farm in the second half of the year [4] - Operational efficiency improvements were noted at the Wolf Hollow and Kearney sites despite higher than expected curtailment at Ohio sites [4]

Political & Regulatory Landscape - France's Rassemblement National is drafting a bill to use surplus nuclear power to mine Bitcoin [1] - The party's stance on cryptocurrencies has evolved from calling for a ban in 2016 to supporting direct production in 2025 [1] Cryptocurrency & Energy - The bill proposes utilizing surplus nuclear power for Bitcoin mining [1]

When not to book the @AirbnbProposal: Someone can book an apt for the sole purpose of mining BTC...🤔 https://t.co/yibrerPToR ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]