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American Bitcoin, co-founded by Trump sons, soars in Nasdaq listing: CNBC Crypto World
CNBC Television· 2025-09-03 20:27
Market Overview - Bitcoin rose, crossing the $112,000 level, while Ether moved higher to $4,480 [1][2] - Solana token rose to $211, outperforming Bitcoin and ETH due to institutional interest [2] - American Bitcoin stock was up around 30% by noon on its NASDAQ debut [5] Regulatory Landscape - SEC and CFTC released joint guidance clarifying that registered exchanges are not prohibited from facilitating the trading of certain spot crypto commodity products [3] - SEC chair stated the guidance is a significant step forward in bringing innovation in the crypto asset markets back to America [4] - CFTC acting chair indicated the end of mixed signals about crypto regulation [4] American Bitcoin (ABTC) - American Bitcoin, co-founded by Eric Trump and in partnership with Hut 8, listed on the NASDAQ under the ticker ABTC after merging with Griffin Digital Mining [5] - American Bitcoin aims to build America's Bitcoin infrastructure backbone, focusing on Bitcoin mining and strategic Bitcoin reserve development [11] - The company's strategy is to accumulate the most Bitcoin, believing in its long-term appreciation [14][15] - American Bitcoin can mine Bitcoin at almost 50 cents to current market prices [17] World Liberty Token & Trump Family Crypto Ventures - World Liberty token USD1 started trading at one penny and reached approximately 25, representing a 25x increase in a couple of months [20] - President Trump and certain family members own about 38% of the equity interests in World's Liberty and receive up to 75% of the token sale proceeds [31] - Eric Trump stated his father has nothing to do with the business, emphasizing a separation of business and government [33]
X @Decrypt
Decrypt· 2025-09-03 16:10
Trump Bros’ American Bitcoin Mining Stock Soars, Then Plunges During Public Debut► https://t.co/nshfmoSrCE https://t.co/nshfmoSrCE ...
CleanSpark Releases August 2025 Bitcoin Mining Update
Prnewswire· 2025-09-03 13:00
Core Insights - CleanSpark, Inc. reported a total of 12,827 BTC in treasury and achieved an average hashrate increase of 1.4 EH/s month over month as of August 31, 2025 [1][2] Production Metrics - The company produced 657 BTC in August 2025, with a peak single-day production of 21.71 BTC and an average daily production of 21.20 BTC [3] - For the calendar year 2025, the total BTC produced reached 5,296 [3] Fleet Metrics - The operational hashrate was recorded at 50.0 EH/s, while the average operating hashrate stood at 43.3 EH/s [3] - The peak efficiency of the deployed fleet was 16.07 J/Th, with a total of 242,222 miners deployed as of August 31, 2025 [3] Bitcoin Treasury Metrics - As of August 31, 2025, CleanSpark's total bitcoin holdings were 12,827, with 3,026 BTC posted as collateral [4] - The company sold a total of 533.5 BTC, generating proceeds of $60,712,990, with an average sale price of $113,800 per BTC [3][4] Power Portfolio Metrics - CleanSpark has 1.03 GW under contract and utilized 808 MW concurrently to support its operational hashrate [3][5] Company Overview - CleanSpark is recognized as a market-leading Bitcoin miner, operating data centers across the U.S. and focusing on optimizing operations to deliver superior returns to shareholders [6]
Riot Announces August 2025 Production and Operations Updates
Globenewswire· 2025-09-03 13:00
Riot Produces 477 Bitcoin in August 2025CASTLE ROCK, Colo., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announces unaudited production and operations updates for August 2025. Bitcoin Production and Operations Updates for August 2025 Comparison (%) Metric August 2025 1July 2025 1August 2024 1 Month/MonthYea ...
X @Ash Crypto
Ash Crypto· 2025-09-03 12:37
BREAKING: 🇺🇸 TRUMP-LINKED BITCOIN MINING COMPANY AMERICAN BITCOIN IS SET TO LIST ON NASDAQ TODAY. https://t.co/XYFGPZ22WP ...
X @The Wall Street Journal
The Wall Street Journal· 2025-09-03 12:21
Exclusive: American Bitcoin, a bitcoin mining and accumulation business backed by President Trump’s two eldest sons, is set to list its shares Wednesday https://t.co/IUnv8DjRiS ...
X @Documenting ₿itcoin 📄
Documenting ₿itcoin 📄· 2025-09-01 16:27
New Record Global Bitcoin Mining Hashrate975,000,000,000,000,000,000x per second https://t.co/PB0N3TyV1X ...
Iris Energy (IREN) - 2025 Q4 - Earnings Call Transcript
2025-08-28 22:02
Financial Data and Key Metrics Changes - The company reported record revenue of $187 million for FY 2025, an increase of $42 million from the previous quarter, primarily driven by Bitcoin mining revenue of $180 million [14] - EBITDA grew tenfold year-on-year, with annualized revenue from Bitcoin mining operations exceeding $1 billion [7][32] - The company closed the financial year with approximately $565 million in cash and total assets of $2.9 billion, indicating a strong balance sheet [16] Business Line Data and Key Metrics Changes - The Bitcoin mining capacity increased to 50 exahash, with high margin revenues driving profitability, achieving an all-in cash cost of $36,000 per Bitcoin mined against an average realized price of $99,000 [15] - AI cloud revenue reached $7 million during the quarter, with over 10,000 GPUs online or being commissioned [9][10] - The company expanded its contracted grid-connected power by over a third to nearly 3 gigawatts and tripled its operating data center capacity to 810 megawatts [7] Market Data and Key Metrics Changes - The AI cloud business is experiencing rapid scaling, with significant demand for GPU resources as enterprise adoption of AI solutions accelerates [17] - The percentage of organizations leveraging AI in multiple business functions increased from 55% to 78% in the last year, highlighting the growing market demand [17] - Power availability and GPU-ready data center capacity remain scarce, with customers prioritizing speed to deploy and scalability [18] Company Strategy and Development Direction - The company is focused on scaling across the full AI infrastructure stack, from grid-connected transmission to digital compute, positioning itself to capture a broad and growing addressable market [10] - The construction of Horizon 1, a direct-to-chip liquid cooling AI data center, is underway, with plans for further expansion to support over 60,000 NVIDIA GPUs [12][23] - The company aims to maintain a CapEx efficient growth strategy, securing GPU financing at single-digit rates to fund expansion [21][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the AI cloud market, noting that demand is accelerating faster than supply, with significant infrastructure constraints [17][18] - The company is well-positioned to meet market demand due to its vertical integration and control over key bottlenecks in the supply chain [18] - Future growth is expected to be driven by the AI cloud business, with projections of billions in annualized revenue from this segment alone [11] Other Important Information - The company has transitioned to a US domestic issuer status and is now reporting under US GAAP and SEC regulations [14] - The company is advancing multiple data center projects to drive revenue growth and future expansion [11][27] Q&A Session Summary Question: Efficiency at sites and backup generation - The company operates at a PUE of 1.1 in British Columbia, with expectations to maintain competitive efficiency levels across its sites [40] - Redundancy is being introduced across the GPU fleet to enhance customer service, driven by customer demand [42] Question: Contract duration for cloud business - The company has a range of contract lengths from one month to three years, with newer equipment often seeing longer-term contracts [50] Question: Strategic thinking on Horizon projects - Horizon 1 is engineered specifically for liquid-cooled GPUs, with flexibility to accommodate various GPU densities [60] - The company is exploring both cloud and colocation opportunities to maximize risk-adjusted returns [106] Question: Financing for Blackwell GPUs - The company is utilizing various leasing structures for GPU financing, allowing flexibility in equipment ownership at the end of lease terms [72] Question: Key hires and sales strategy - The company is actively hiring across various functions to support cloud and colocation businesses, focusing on expanding its go-to-market capabilities [83] - The company is leveraging its unique competitive advantages, including end-to-end infrastructure control, to attract AI clients [89]
X @Cointelegraph
Cointelegraph· 2025-08-28 18:30
🔥 INSIGHT: By 2036 more than 99% of Bitcoin supply will be mined with around 20.9 million $BTC in circulation and almost no new issuance. https://t.co/WtnpUEHnYG ...
特朗普家族支持的矿企 American Bitcoin 预计 9 月初上市交易,股票代码 ABTC
Xin Lang Cai Jing· 2025-08-28 07:57
Group 1 - American Bitcoin, a Bitcoin mining company supported by Donald Trump's sons, will go public through a merger with Gryphon Digital Mining [1] - The company is expected to start trading on NASDAQ in early September [1] - Major shareholders, including Eric Trump, Donald Trump Jr., and Hut 8, will collectively hold 98% of the new company's shares, with the stock ticker symbol ABTC [1]