Approaches 50 EH/s milestone with fully self-operated infrastructureDoubles BTC treasury year-over-year to 12,502 and expands contracted power capacity to 987 MWLAS VEGAS, June 3, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended May 31, 2025. "May was a strong execution month for CleanSpark as we continued to advance toward key growth targets," said Zach Bradford, CEO and Pres ...

Investors are targeting next-gen gold firms with solid finances, high IRR and scalable growthNEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- via InvestorWire — ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 70+ brands within the Dynamic Brand Portfolio. IBN is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. To view the fu ...

Core Insights - Endeavour Silver Corp. reported positive drill results from its Pitarrilla project in Durango, Mexico, indicating high-grade silver, zinc, and lead mineralization, which enhances confidence in upgrading existing mineral resources [1][22]. Drill Results - Significant drill results from the Danna vein include a wide mineralized interval of 7.4 meters with grades of up to 1,127 grams per tonne (gpt) silver, 1.40% lead, and 4.36% zinc, translating to 1,319 gpt silver equivalent (AgEq) over 2.08 meters estimated true width (ETW) [7]. - Drill hole BPU-022 intersected 247 meters of apparent width with 254 gpt AgEq, with true width estimated at approximately 400 meters wide and up to 100 meters high in some areas [10][15]. - The Manto Pitarrilla structure showed high-grade intervals, including 2,680 gpt silver, 24.03% lead, and 18.90% zinc for 3,987 gpt AgEq over 0.60 meters in hole BPU-022 [4][15]. Geological Context - The Pitarrilla deposit consists of three mineralized domains and at least four identified sulphide mineralized veins, with structures extending from below marine sediments through Manto Pitarrilla into upper volcanics [5][6]. - The geological re-logging of historical drill core has improved understanding of the deposit's geology and mineralization controls, focusing on high-grade feeder structures believed to be the main conduits for mineralization [22][23]. Project Overview - The Pitarrilla project is a large undeveloped silver, lead, and zinc project located 160 kilometers north of Durango City, covering 4,752 hectares across five concessions, with significant infrastructure and key permits already in place for underground mining and development [24].

Core Viewpoint - Hyperscale Data, Inc. reported strong performance from its subsidiary Sentinum, which received approximately 17.4 Bitcoin in May 2025 and about 90 Bitcoin year-to-date, benefiting from the recent increase in Bitcoin prices [1][2]. Group 1: Financial Performance - Sentinum earned approximately 17.4 Bitcoin in May 2025 and approximately 90 Bitcoin year-to-date from its mining operations [1]. - Revenue is calculated daily based on the number of Bitcoin earned at the current market value [1]. Group 2: Operational Updates - Sentinum plans to resume Bitcoin mining operations at its Montana facilities in June 2025, which will enhance its mining capacity with about ten megawatts of power, sufficient for approximately 3,200 S19j Pro Antminers [2]. - Initially, mining operations will commence with around 2,600 Antminers, with plans to scale up to full capacity by July 2025 [2]. Group 3: Strategic Direction - The Company aims to capitalize on the rising Bitcoin prices through selective deployment of its mining fleet rather than selling miners in the secondary market [2]. - Hyperscale Data is preparing for a divestiture of its subsidiary Ault Capital Group, Inc. by December 31, 2025, after which it will focus solely on data center operations and may continue Bitcoin mining [5].

Core Viewpoint - West Red Lake Gold Mines Ltd. is leveraging insights from its test mining and bulk sample program at the Madsen Mine to develop a more efficient and cost-effective mine plan, featuring larger stopes and improved mining methods [1][2][3]. Group 1: Test Mining and Bulk Sample Program - The program aimed to validate the company's mining capabilities and to explore various mining scenarios for optimal economic extraction [2][8]. - Successful reconciliation between expected and actual results across multiple stopes confirms the company's mining strategy at Madsen [2][20]. - Test mining revealed the potential for larger stopes and mining complexes, enhancing resource extraction efficiency [3][12]. Group 2: Mine Design and Economic Implications - The mine design process incorporates a long-term gold price of US$2,350 per ounce, compared to US$1,680 per ounce used in the Pre-Feasibility Study (PFS), allowing for a more inclusive resource assessment [5][6]. - Utilizing a higher gold price lowers the cutoff grade for resource inclusion, potentially increasing the overall resource available for mining [6][19]. - The PFS indicated a probable reserve of 478,000 ounces from 1.87 million tonnes, suggesting that a higher gold price could extend the mine's life and improve profitability [18][19]. Group 3: Mining Efficiency and Cost Reduction - Larger stopes can be mined using long hole stoping, which is more cost-effective than cut-and-fill mining, leading to lower mining costs per tonne [12][20]. - The clustering of stopes into mining complexes reduces access development costs and enhances operational efficiency [12][20]. - Definition drilling has significantly increased tonnage and contained ounces in various stope complexes, demonstrating the effectiveness of the updated mining strategy [14][16][18]. Group 4: Company Overview - West Red Lake Gold Mines Ltd. focuses on advancing its flagship Madsen Gold Mine and holds a significant land package in the Red Lake district, known for its high-grade gold deposits [24].

Summary of BitFuFu (FUFU) 2025 Conference Company Overview - **Company Name**: BitFuFu - **Ticker Symbol**: FUFU - **Industry**: Bitcoin Mining - **Business Model**: Cloud mining and self-mining of Bitcoin, making Bitcoin mining accessible to a broader audience [4][5] Key Points and Arguments - **Market Position**: BitFuFu is the number one cloud mining service provider globally with over 600,000 registered users and a computing power of 28.3 exahash as of April 30, 2025 [5][6] - **Revenue Composition**: In 2023 and the first nine months of 2024, cloud mining accounted for approximately 60% of total revenues, with a slight decrease to over 50% in Q4 2024 [8] - **Profitability**: The company has been profitable every year since its inception, with a compounded annual growth rate (CAGR) of 65% in revenue and 73% in EBITDA over the past four years [18][50] - **Data Center Strategy**: BitFuFu is transitioning from an asset-light strategy to owning data centers, having acquired several facilities in Ethiopia and the US, aiming for an additional 1 gigawatt of capacity by the end of 2026 [22][25] - **Electricity Costs**: The company has reduced its all-in electricity costs from 7-7.5 cents per kilowatt-hour to as low as 3 cents in Oklahoma, significantly improving margins [26][28] Unique Selling Propositions - **Dynamic Hash Rate Allocation**: BitFuFu utilizes proprietary technology to dynamically allocate hash rates between self-mining and cloud mining based on market conditions [7][46] - **Customer Transparency**: Customers can monitor their mining activities in real-time through an app or website, with a guaranteed uptime of 95% [16][35] - **Full-Service Model**: The company offers a comprehensive suite of services, including hosting, mining pool, and sales of mining rigs, enhancing customer experience [30][34] Growth Potential - **User Growth**: Registered users of the cloud mining service increased from 300,000 in Q4 2023 to over 612,000 as of April 2025, indicating strong market demand [36] - **Untapped US Market**: BitFuFu has not yet penetrated the US market due to regulatory hurdles but sees significant growth potential in this area [37][38] Financial Performance - **EBITDA Growth**: The company reported an EBITDA of approximately $118 million in 2024, a significant increase from $42 million in 2023 [51] - **Cost Efficiency**: The cost to mine Bitcoin in Oklahoma is $18,000, with Bitcoin trading over $100,000, indicating a strong return on investment [28] Additional Insights - **Strategic Partnerships**: BitFuFu has a long-term hosting agreement with Bitmain, securing access to mining rigs and favorable financing terms [32][41] - **Customer Benefits**: Cloud mining can allow users to acquire 2-20% more Bitcoin compared to purchasing directly from exchanges, depending on market conditions [42] This summary encapsulates the key aspects of BitFuFu's business model, market position, growth strategies, and financial performance as discussed in the conference.

Summary of Comstock's Investor Conference Call Company Overview - Comstock Inc. is listed on the NYSE American under the ticker symbol LODE [2] - The company operates three main business segments: Comstock Metals, Comstock Mining, and Comstock Real Estate [3] Business Segments Comstock Metals - Comstock Metals focuses on recycling waste solar panels into reusable materials, a process referred to as "urban mining" [7] - The company has a fully operational facility capable of processing 3,300,000 panels per year, with plans to expand to an industry scale of 100,000 tons of production capacity annually [10][11] - The recycling process is highly efficient, with a production rate of one panel every seven seconds, and a profit margin exceeding 80% [16] Silver Market Dynamics - There is currently a significant imbalance in the silver market, with over 200 million ounces more demand than supply, driven by increased industrial use, particularly in electrification and solar panel deployments [9] - Silver prices have recently surged to $33 per ounce, which is expected to benefit Comstock's mining operations [17] Comstock Mining - The company holds 12 square miles of mineral properties in Northern Nevada, historically known as the Comstock Lode, which was once the largest silver district in the U.S. [17] - The cash flow potential from these mining assets is projected to be in the hundreds of millions of dollars over the next five years [18] Biolium Corporation - Comstock has separated its waste-to-fuel business into a new entity called Biolium Corporation, which focuses on converting biomass into high-yield biofuels [19] - Biolium has developed a unique process that can extract over 100 gasoline gallon equivalents per ton from woody biomass, significantly higher than industry standards [21] - The company has secured investment from Marathon Petroleum and is building its first facility in Oklahoma, supported by $3 million in state funding and $152 million in tax-free municipal bonds [25][26] Market Position and Future Outlook - Comstock aims to become the leading recycler of solar panels in the U.S. and potentially globally [28] - The company believes that each of its business segments has significant valuation potential, with estimates ranging from billions for renewable fuels to hundreds of millions for mining assets [29] - Comstock is re-entering capital markets to attract investors interested in its growth profile, focusing on revenue, metal production, and cash flow growth [30] Key Takeaways - Comstock is strategically positioned in the metals and mining sector, with a strong focus on sustainability through recycling and renewable fuels [29] - The company is leveraging its historical assets while innovating in new technologies to meet growing market demands [28][29]

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 29, 2025) - Investorideas.com, a global investor news source covering gold and silver stocks presents a mining snapshot highlighting news from silver miners, from expanded land packages to acquisitions, featuring Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0).Silver Stocks and the Land Grab for Silver AssetsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6292/253763_98936cef84 ...

Proposed business combination will create a public company engaged in Crypto Mining, Artificial Intelligence (“AI”), and High-Performance Computing (“HPC”) Data Hosting Markets BlockchAIn Digital Infrastructure Generated Audited Revenue of $26.8 million and Net Income of $5.7 million in 2024 Includes an Earnout if BlockchAIn Digital Infrastructure achieves or exceeds EBITDA of $25 million for 2026 Transaction to be completed at a significant premium to SGN’s current stock price SCOTTSDALE, AZ, May 28, 2025 ...

VANCOUVER, BC, May 28, 2025 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to report an exceptional first quarter of 2025 with $4.5 million in net earnings, $7.6 million in EBITDA and $11.7 million in free cash flow before working capital items. All amounts are in U.S. dollars unless otherwise indicated. Highlights from the first quarter are as follows: Quarterly Revenue by Location (CNW Group/Luca Mining Corp.) Quarterly Revenue by Locatio ...