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X @MEXC
MEXC· 2025-09-03 03:15
“Zero fees, more freedom.”A powerful message shared at Crypto Latin Fest. And the future of digital assets starts here. 🚀#MEXCEventRocksMEXC Español (@MEXCespanol):Durante @criptolatinfest, presentamos la charla en español de @JesCarr11 sobre las caracteristicas de @MEXC_Official“Cero tarifas más libertad: Moldeando el futuro de los activos digitales.”Otro paso en nuestra misión de acercar las finanzas digitales a la comunidad LATAM. https://t.co/0u6JHwmXG3 ...
X @Bloomberg
Bloomberg· 2025-09-02 23:48
Signaling their readiness to help further open US markets to digital assets, two of Wall Street’s top regulators told operators of federally registered exchanges that listing certain spot crypto products isn’t prohibited https://t.co/mchs7Cu4Ut ...
Trump-Tied Crypto Token Opens for Trading | Bloomberg Crypto 9/2/2025
Bloomberg Television· 2025-09-02 17:51
WI>> I'M SCARLET FU. TIM: I'M TIM STENOVEC. WELCOME TO "BLOOMBERG CRYPTO." SCARLETT: A LOT OF THE TALK CENTERED ON THE DEBUT OF THE WORLD LIBERTY TOKEN ENDORSED BY PRESIDENT DONALD TRUMP AND HIS FAMILY.TIM: THE LATEST CRYPTO BUSINESS IN LINE FOR U.S. LISTING. SCARLET: WE SPEAK TO THE CEO OF HYBRID LIQUID STRATEGIES PART OF EIGHT DIGITAL ASSET TREASURY TREND. TIM: FIRST, LET'S CHECK OUT WHAT IS GOING ON IN THE MARKET.YOU ARE SEEING QUITE A BIT OF GREEN. RISK OFF DAY FOR STOCKS AND BONDS AND NOT SO MUCH FOR C ...
Gemini Targets $2.1 Billion Valuation in IPO
PYMNTS.com· 2025-09-02 15:22
Company Overview - Cryptocurrency exchange Gemini aims to raise up to $316.7 million in its upcoming initial public offering (IPO) [1] - The company, led by billionaire Winklevoss twins, plans to market 16.7 million shares priced between $17 to $19 each, resulting in a market value of over $2.2 billion based on 116.7 million outstanding shares [2] Industry Context - Gemini's IPO is part of a trend of increasing listings by cryptocurrency companies as the industry moves into the mainstream, with several recent successful listings [3] - Notable examples include Bullish, which saw an 83% increase upon listing, and Circle, whose stock jumped 168% on its first day [3] Financial Performance - In its SEC filing, Gemini reported net losses of $282.5 million and revenues of $67.9 million for the first half of 2025, compared to a net loss of $41.1 million and revenues of $73.5 million during the same period last year [4] Market Activity - The second week of September is anticipated to be one of the busiest for IPOs in four years, with other companies like Klarna also announcing their IPOs [5] - Investment banks Evercore and Stifel Financial expect an increase in IPO activity in the second half of the year, driven by reduced volatility and regulatory easing [6]
Cango Inc. to Report Second Quarter 2025 Financial Results on September 04, 2025, Eastern Time
Prnewswire· 2025-09-02 10:54
Company Overview - Cango Inc. is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa [4] - The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and the growing adoption of digital assets [4] - Cango also operates an online international used car export business through AutoCango.com, facilitating global access to high-quality vehicle inventory from China [4] Financial Results Announcement - Cango plans to release its second quarter 2025 financial results after the market closes on Thursday, September 04, 2025 [1] - The earnings release will be available on the company's investor relations website [1] Conference Call Details - Management will hold a conference call on Thursday, September 04, 2025, at 9:00 P.M. Eastern Time to discuss the financial results [2] - Listeners can access the call through various international and toll-free numbers, including a specific conference ID for Cango Inc. [2] - A replay of the call will be accessible through September 11, 2025, along with a live and archived webcast available on the investor relations website [3]
Cango Inc. Announces August 2025 Bitcoin Production and Mining Operations Update
Prnewswire· 2025-09-02 10:45
Core Insights - Cango Inc. reported an increase in Bitcoin production for August 2025, producing 663.7 Bitcoins compared to 650.5 in July 2025, marking a month-over-month increase of approximately 2.0% [2] - The total number of Bitcoins held by the company rose to 5,193.4 from 4,529.7, indicating a significant growth in their Bitcoin treasury [2] - The average operating hashrate improved to 43.74 EH/s from 40.91 EH/s, reflecting a 6.9% increase month-over-month due to the full operational capacity of 50 EH/s [4] Production Metrics - Number of Bitcoin produced in August 2025: 663.7 [2] - Average number of Bitcoin produced per day in August 2025: 21.41 [2] - Total number of Bitcoin held as of August 2025: 5,193.4 [2] - Deployed hashrate: 50 EH/s [2] - Average operating hashrate for August 2025: 43.74 EH/s [2] Strategic Developments - The company has focused on enhancing fleet efficiency through maintenance and selective upgrades of older miners [4] - Cango acquired a 50 MW Bitcoin mining facility in Georgia, USA, as part of its strategy to ramp up core mining operations [4] - The company aims to optimize operating efficiency and explore opportunities in the energy and high-performance computing sectors [4] Company Overview - Cango Inc. is primarily engaged in Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa [5] - The company entered the crypto asset space in November 2024, driven by blockchain advancements and the growing adoption of digital assets [5] - Cango also operates an online international used car export business through AutoCango.com, diversifying its business portfolio [5]
Hyperscale Data Announces Plan to Add $20 Million in Bitcoin to Its Balance Sheet
Prnewswire· 2025-09-02 10:30
Core Viewpoint - Hyperscale Data, Inc. plans to add approximately $20 million in Bitcoin to its balance sheet to align its asset value with its market capitalization, which is currently around $15 million, and to enhance visibility for stockholders [1][2]. Group 1: Strategic Intent - The company aims to expedite the acquisition of $20 million in Bitcoin as soon as financing allows, with a commitment to continually add Bitcoin to its treasury as the company's valuation grows [3]. - Management believes that aligning with Bitcoin will stabilize the balance sheet and position the company for long-term appreciation in digital assets, while also supporting its broader vision in AI-ready data centers [4]. Group 2: Financial Strategy - The company intends to utilize proceeds from its At-the-Market offering to finance the Bitcoin acquisition, which is seen as a lower-cost capital raising method compared to other financing options [4]. - Hyperscale Data plans to hold Bitcoin as a core treasury asset and pursue monetization strategies that could generate recurring income, thereby potentially increasing the price of its common stock [7]. Group 3: Operational Focus - The company is currently developing a Michigan-based AI data center campus, which it believes has significant growth potential and will be supported by the Bitcoin reserves [4]. - Through its subsidiary Sentinum, Hyperscale Data operates a data center that mines digital assets and provides colocation and hosting services for AI ecosystems [8].
Hyperscale Data Reports Weekly and Total $XRP Purchases and Total Bitcoin Holdings
Prnewswire· 2025-09-02 09:30
Core Viewpoint - Hyperscale Data, Inc. announced that its subsidiary Sentinum, Inc. has acquired 1,700 tokens of $XRP, increasing its digital asset holdings and providing transparency into its investment activities [1][4]. Group 1: Acquisition Details - Sentinum acquired 1,700 tokens of $XRP at an average price of $2.9439 per token, totaling approximately $5,000 [1]. - Following this acquisition, Sentinum's total holdings of $XRP reached 33,120 tokens, with a market value of $91,960.99 based on the closing price of $2.7766 on August 31, 2025 [2]. Group 2: Bitcoin Holdings - As of August 31, 2025, Sentinum holds 3.5966 Bitcoins, valued at $389,388.66 based on a closing price of $108,236.71 [3]. - The Bitcoins held by Sentinum were earned through hashing services provided to a mining pool, rather than being purchased on the open market [3]. Group 3: Future Reporting and Divestiture - The company plans to issue weekly press releases regarding Sentinum's $XRP acquisitions and Bitcoin holdings to maintain transparency [4]. - Hyperscale Data expects to divest Ault Capital Group, Inc. in the first quarter of 2026, which will position the company as a data center operator and digital asset holder [7].
X @Solana
Solana· 2025-09-01 21:31
Visit the Solana lounge and dinners to explore internet capital markets, connect with Foundation leadership, and learn about the latest in digital assets.Join us! https://t.co/Wh6oaAaZnP ...
Strategy Eyes First Crypto Spot on S&P 500
PYMNTS.com· 2025-09-01 20:02
Strategy, the software-firm-turned-bitcoin-treasury-pioneer, reportedly qualified for a potential S&P 500 listing.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The milestone followed a strong second quarter for S ...