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 ...

Bitcoin is has gotten through its riskiest period. >> So much is happening in crypto and around the world. Japan just crashed crypto. It seems like every day we hear about something else causing fear, uncertainty, and doubt in the market. In today's case, it's the Bank of Japan turning hawkish, rate hikes, and breaking news. Japan's 10-year government bond yield surges to 1.84%, 84% its highest level since April of 2008. This chart is concerning to say the least. However, keep in mind this news has nothing ...