Industry News & Events - CoinDesk Podcast Network 发布了 2025 年的热门新闻 [1] - 美国 ICE 突袭比特币矿场 [1] - Operation Chokepoint 2.0 正在进行中 [1] - 涉及 80 亿美元的巨鲸阴谋论出现 [1]

For long, Bitcoin (BTC) mining companies have tricked their clients with uptime metrics that look at whether a machine is running on power on not instead of checking whether a machine is actually hashing. Abundant Mines captured the opportunity and introduced a feature in December 2024 that went on to disrupt how the Bitcoin mining industry defines performance. Called Hashrate Redirect™, the features replaces a client's lost hashrate with hash from Abundant Mines' operational fleet so that the client doe ...

Core Viewpoint - Greenridge Capital initiated coverage on Cango Inc. with a Buy rating and a $4.00 price target, highlighting the company's undervaluation and overlooked potential in Bitcoin mining and high-performance computing [1] Group 1: Company Position and Assets - Cango holds a market-leading position in Bitcoin mining, owning mining equipment that ranks it among the largest global miners [2] - The company possesses over $600 million in Bitcoin and has recently acquired its first infrastructure facility, along with two ongoing energy generation projects [2] - Cango has sufficient cash and equity resources to pursue further strategic expansion [2] Group 2: Future Expectations and Valuation - Greenridge Capital anticipates that management will provide additional details on expansion initiatives in the coming months, which could act as a catalyst for a valuation re-rating [3] - The $4.00 price target is based on a 7x EV-to-adjusted EBITDA multiple applied to a 2026 adjusted EBITDA estimate of $335.4 million and a 15x price-to-earnings multiple applied to a projected 2026 diluted EPS of $0.34, both of which are below industry peer multiples [3]

Bitcoin Mining Now Uses More Energy Than Global Copper Production Says University of Cambridge https://t.co/pc2ODDYrjf ...

America’s first nuclear powered bitcoin computer mine is operated by Terawulf, and is plugged into the 2.5 gigawatt Susquehanna power plant in Pennsylvaniahttps://t.co/jkJeuqgD5p ...

Group 1 - Aurelius Capital Management initiated a new position in Bitfarms, acquiring 6.7 million shares valued at $19 million, making it the fund's largest reported U.S. equity holding for the quarter [2][3] - The new position represents 34.4% of Aurelius Capital's 13F assets under management [3] - Bitfarms shares have increased by 39% over the past year, significantly outperforming the S&P 500, which rose by 16.5% in the same period [3] Group 2 - Bitfarms has a market capitalization of $1.5 billion, with a revenue of $276.4 million and a net income of -$128.2 million for the trailing twelve months [4] - The company generated $69 million in revenue from continuing operations in the third quarter, reflecting a 156% year-over-year increase, and reported an adjusted EBITDA of $20 million, or 28% of revenue [10] - Bitfarms operates cryptocurrency mining farms and generates revenue from validating transactions on the Bitcoin Blockchain, supplemented by hosting third-party mining hardware and providing electrical services [8][10] Group 3 - The company is focusing on transitioning from pure mining to digital infrastructure, which includes converting its Washington site for high-performance computing and advancing multiple North American projects for next-generation GPUs [10] - Bitfarms has strengthened its balance sheet with a $588 million convertible note offering and reported total liquidity of about $814 million as of mid-November [10] - The strategy emphasizes that scale, power access, and balance sheet flexibility will be more critical than short-term volatility in the cryptocurrency mining sector [9]

Group 1: Bitcoin Mining Industry Overview - Authorities in China have intensified scrutiny on Bitcoin mining operations in Xinjiang, leading to the shutdown of approximately 1.3 GW of power capacity, which may impact gigawatts worth of mining in the region [3][4] - The crackdown is characterized by rolling inspections rather than a single event, with older generation machines being less economically viable for relocation [3][4] - The network is experiencing a significant drawdown in hashrate, attributed to the Xinjiang crackdown and weather-related curtailment in the United States, contributing to a bearish sentiment in the market [5] Group 2: Market Economics and Hashprice - Hashprice has dipped below $40 per PH/s/day, indicating deteriorating Bitcoin mining economics and raising financing concerns for major tech players like Oracle [2][5] - A projected negative difficulty adjustment of over 1% is expected due to the removal of approximately 100 exahash from the network [4] Group 3: Company Developments - Hut 8 has secured a significant hosting agreement with Fluidstack and a global hyperscaler, valued at approximately $7 billion over 15 years, with a potential expansion to $17.7 billion [6][7] - The deal includes a 3% yearly escalator to account for inflation and is similar to agreements made by other companies like TeraWulf and Cipher Mining, which involve revenue backstops from major tech partners [6][7]

🚨 FACT: There are only 1,035,659.4 $BTC left to mine. https://t.co/OPU1FddXo9 ...

🔥 TODAY: A solo miner who rented less than $100 in hashpower on NiceHash has successfully mined Bitcoin block 928351, earning a 3.152 $BTC reward worth ~$271K. https://t.co/4PpoSvFoPe ...

Industry Innovation - Portable Bitcoin mine utilizes methane gas from an oil well in North Dakota [1] - The process converts vented or flared methane into electricity for Bitcoin mining [1] - This approach reduces waste and harmful emissions [1] Financial Implications - The Bitcoin mine generates profit by recycling methane gas [1]