⚡️ NOW: A dormant miner wallet awakens after 15.7 years and transfers 50 $BTC ($4.33M) on-chain.The miner originally earned 50 $BTC from mining on March 18, 2010. https://t.co/pqHRewqX8B ...

Bitcoin is back below $90k.Was that the lower high or is there still more juice in the rally?https://t.co/ipXHPHXW6r ...

🪙 Erik Voorhees (@ErikVoorhees) explains how gold’s strengths are bitcoin’s weaknesses and vice versa.Thank you @Figure 👋 for being a sponsor of the CoinDesk Media Network. https://t.co/d1zYzlBnHz ...

💤 A dormant address containing 50 #BTC (4,319,996 USD) has just been activated after 15.7 years!https://t.co/vvpaZ4L9nF ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 reached $225 million, representing a 60.6% increase sequentially [2][8] - Operating income was $43.5 million, and net income was $37.3 million, compared to an operating loss of $1.2 million and a net loss of $9.5 million in the same period last year [9][10] - Adjusted EBITDA for Q3 2025 was $80.1 million, up from $1.2 million in the same period last year [9] Business Line Data and Key Metrics Changes - Revenue from the Bitcoin mining business was $220.9 million, with 1,930.8 Bitcoins mined, reflecting increases of 50.9% and 37.5% respectively on a sequential basis [8] - Revenue from the automotive training business, AutoCango, was $3.3 million, up 90% sequentially [6] Market Data and Key Metrics Changes - The company operates a deployed hash rate of 50 exahash globally, with an average operating hash rate improving from 40.91 exahash in July to 46.09 exahash in October [3][4] - The average cost to mine Bitcoins was $81,072 per coin, with oil costs at $99,383 per coin [8] Company Strategy and Development Direction - The company is focused on building a global distributed AI compute network powered by green energy, using Bitcoin mining as a practical on-ramp towards energy and compute ambitions [4][5] - The strategy prioritizes hash rate optimization over expansion, with upgrades to more energy-efficient mining models [3] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the volatile market environment with significant fluctuations in Bitcoin prices and emphasized the importance of monitoring these dynamics [4] - The company plans to maintain a flexible approach across various financing channels to support new initiatives while retaining all mined Bitcoin as part of its strategic reserve [13] Other Important Information - The company has transitioned to a direct listing on the NYSE to enhance transparency and reduce shareholder transaction costs [5] - A new leadership team with experience in digital infrastructure and finance has been assembled [5] Q&A Session Summary Question: Will the company consider selling Bitcoin holdings to fund new business expansion? - Management confirmed that they will continue to follow a mining holding strategy, retaining all mined Bitcoin as part of their strategic reserve [13] Question: What are the main factors behind the gap between operational hash rate and deployed hash rate? - Management explained that temporary downtime was due to machine relocations and power system commissioning, but uptime has stabilized above 90% [14] Question: Can you elaborate on the financial benefits of converting short-term debt into long-term debt? - Management stated that this shift enhances balance sheet stability and reduces financial risk, with borrowing costs expected to remain in the 7%-8% range [18] Question: How does the recent pullback in Bitcoin affect operating pace for Q4 and 2026? - Management indicated that they conduct internal stress tests and can adjust operations dynamically under extreme market conditions [22] Question: Does the acquisition of the Joder site contradict the asset-light model? - Management clarified that the acquisition aligns with long-term needs for low-cost power and stability, and they will continue a balanced model of lease-first with selective acquisitions [23]

#Bitcoin https://t.co/lBAhC2d0QP ...

JUST IN: $11 trillion Vanguard lists BlackRock, Fidelity, VankEck, and other #Bitcoin ETFs on its website for clients to trade tomorrow 🙌 https://t.co/sfDgTdsHoV ...

CANGO 03-2025 Earnings Presentation December 2025 CANG LISTED ENYSE 1 2 Mined a total of 1,930.8 BTC during the quarter, bringing the Company's BTC treasury to 5,810.1 BTC by quarter end. 5,810.1 BTC HODL as of September 30, 2025 $662.3 M Value of BTC HODL 2 as of September 30, 2025 Q3 Operational Highlights Cango operates 50 EH/s of deployed hashrate globally and maintains an average operating efficiency above 90% since November 2024 till September 2025. 50 EH/s Deploved Hashrate as of September 30 , 2025 ...

Really wish bitcoin could have just broke above 92kNot ideal ...

Bitcoin tumbled more than 6% on Monday, its biggest one-day drop since March. And the selloff has spilled into other digital coins. https://t.co/OT3jYxewkD ...