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Spirit Blockchain Capital Inc. Files 2024 Audited Financial Statements and Provides Corporate Update
Globenewswire· 2025-05-01 03:17
Core Insights - Spirit Blockchain Capital Inc. has filed its audited financial statements and management's discussion and analysis for the fiscal year ended December 31, 2024, indicating a commitment to transparency and regulatory compliance [1][3] - The audited financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) and highlight material uncertainties regarding the company's ability to continue as a going concern [2] Corporate Update - The company is focusing on strengthening its operational platform and prioritizing revenue-generating initiatives as it moves into the next phase of corporate development [4] - Management is actively evaluating opportunities to leverage existing investments and blockchain expertise to support long-term growth [4] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company that focuses on the blockchain technology sector, with a diversified portfolio that includes investments in blockchain infrastructure, cryptocurrencies, mining operations, and emerging blockchain technologies [5] - The company's goal is to create shareholder value through strategic investments in the rapidly expanding digital asset landscape [5]
Cango Inc. Gains Positive Outlook with Initiation of Coverage by Apollo Insights
Prnewswire· 2025-04-29 10:00
Core Viewpoint - Cango Inc. is rapidly expanding in the Bitcoin mining industry, with a strong operational performance and positive projections for future growth, as highlighted by the initiation of coverage by Apollo Insights [1][2]. Group 1: Company Performance - Cango has achieved an average operating hash rate of 30.3 exahash/second (EH/s) in March 2025, ranking it joint second for the highest operating hashrate that month [2]. - The company has accumulated approximately 2,475 Bitcoin, valued at roughly US$211 million as of April 17, 2025, and has not sold any of its Bitcoin holdings [3]. - Cango ranks as the fifth-largest Bitcoin mining player by deployed hashrate, achieving 32 EH/s in just four months, with projections to reach 42 EH/s by the end of FY25E [3]. Group 2: Market Position and Strategy - Since entering the Bitcoin mining industry in November 2024, Cango has expanded its operations globally, with mining activities in the U.S. (38%), East Africa (37%), Oman (15%), Paraguay (9%), and Canada (1%) [4]. - The company operates a capital-light model, which has contributed to its operational efficiency and growth in Bitcoin holdings [3]. Group 3: Financial Projections - Cango has a market capitalization of $387.1 million, with a 12-month stock price range between $1.33 and $8.00 [7]. - Apollo Insights projects Cango's fiscal 2025E revenue and adjusted EBITDA to reach RMB3,913.2 million and RMB665.6 million, respectively [7]. - For fiscal 2026E, revenue and adjusted EBITDA are expected to increase to RMB4,644.6 million (an 18.7% year-over-year increase) and RMB1,185.2 million (a 78.1% year-over-year increase) [7].
Dogecoin Cash, Inc. Name Change Finalized and Reflected on U.S. Markets Following FINRA Notification
Globenewswire· 2025-04-29 10:00
Company Overview - Dogecoin Cash, Inc. has finalized its corporate name change, which is now reflected across U.S. stock market systems following notification from FINRA [1] - The name change was authorized through a Certificate of Amendment filed with the Nevada Secretary of State on November 13, 2024, and became market effective on April 25, 2025 [2] - The trading symbol (CBDS) remains unchanged at this time [3] Business Operations - Dogecoin Cash, Inc. operates PrestoDoctor, a leader in medical cannabis telemedicine [4] - The company holds the first patented cannabis strain, Ecuadorian Sativa aka "CTA", and a patented cannabis lozenge for hypertension treatment [4] - Dogecoin Cash, Inc. is engaged in cannabis product development, licensing, and blockchain innovation, leveraging emerging digital assets and decentralized finance (DeFi) solutions [4]
Ebang International Reports Financial Results for Fiscal Year 2024
Globenewswire· 2025-04-28 20:20
Core Viewpoint - Ebang International Holdings Inc. reported a significant improvement in its financial performance for the fiscal year 2024, marking a turning point as the company expands into the renewable energy sector while maintaining a focus on cost control and operational efficiency [3][4]. Financial Performance - Total net revenues for fiscal year 2024 increased by 20.9% to US$5.9 million, up from US$4.9 million in 2023 [2][4]. - Gross profit for fiscal year 2024 was US$1.2 million, a recovery from a gross loss of US$16.7 million in 2023 [2][6]. - Net loss for fiscal year 2024 was US$20.9 million, reduced from a net loss of US$38.0 million in 2023 [2][9]. Operational Highlights - The increase in revenues was attributed to the acquisition of a renewable energy business in November 2024 and rental income from idle office space [4]. - Cost of revenues decreased by 78.3% to US$4.7 million in 2024, primarily due to the recognition of a VAT recoverable impairment of US$16.7 million in 2023 [5][6]. - Total operating expenses decreased by 14.6% to US$31.6 million in 2024, driven by a reduction in selling expenses and adjustments in strategic policies [6][7]. Strategic Direction - The company is entering the renewable energy sector, leveraging its design, research, and manufacturing capabilities to innovate and capture market opportunities [3][11]. - Ebang aims to balance exploration of new business domains with meticulous cost control to ensure steady growth [3][11]. Shareholder Information - Net loss attributable to Ebang International Holdings Inc. was US$20.3 million in 2024, compared to US$36.8 million in 2023 [10]. - Basic and diluted net loss per share improved to US$3.22 in 2024 from US$5.86 in 2023 [10][18].
BTCS Inc. Capitalizes on Market Dislocations to Expand Ethereum Holdings and Staking Operations
Newsfile· 2025-04-28 12:30
Core Viewpoint - BTCS Inc. is strategically expanding its Ethereum holdings and staking operations by leveraging decentralized finance (DeFi) through borrowing on AAVE, aiming to capitalize on current market conditions [2][3][4]. Group 1: Strategic Initiatives - The company is borrowing USDT via AAVE, using ETH as collateral, to acquire additional ETH and enhance its staking operations [3][4]. - BTCS believes that Ethereum is at or near a cyclical bottom, presenting a compelling opportunity for investment [3][4]. Group 2: Financial Strategy - By utilizing AAVE for borrowing, BTCS can access capital at attractive rates, historically below 5%, without diluting equity, thus preserving shareholder value [4]. - The initiative is part of a broader strategy to grow revenue and improve margins through increased participation in Ethereum's consensus mechanism [5]. Group 3: Company Overview - BTCS Inc. focuses on blockchain infrastructure technology, particularly in block building and validator node management, and operates a branded block-building operation called Builder+ [6]. - The company also supports other blockchain networks by operating validator nodes and staking crypto assets across multiple proof-of-stake networks [6].
Matador Technologies Inc. Announces Symbol Change and DTC Eligibility of its Common Shares
Globenewswire· 2025-04-28 11:00
Group 1 - Matador Technologies Inc. has changed its stock ticker symbol on the OTCQB from "MTDTF" to "MATAF" effective April 28, 2025, to improve brand alignment [1] - The company's common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC), enhancing liquidity and accessibility for U.S. investors [2][3] - The CEO of Matador Technologies emphasized that DTC eligibility is a significant step in expanding the company's presence in U.S. capital markets and aligns with its strategy to enhance shareholder visibility and liquidity [3] Group 2 - Matador Technologies is focused on developing its Digital Gold Platform, which integrates physical gold with digital art inscriptions on the Bitcoin blockchain using Ordinals technology [3][4] - The company aims to democratize the gold buying experience by leveraging blockchain technology to create a platform for users to buy, sell, and store gold conveniently [4]
Spirit Blockchain Capital Inc. Achieves Significant Milestone with Upgrade to OTCQB Trading Platform
Globenewswire· 2025-04-22 13:00
VANCOUVER, BC, April 22, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR, OTCQB: SBLCF) ("Spirit" or the "Company"), a leading blockchain technology investment company, is pleased to announce its successful upgrade to the OTCQB Venture Market ("OTCQB"), effective April 22, 2025. Spirit's common shares will continue to trade on the Canadian Securities Exchange under the symbol "SPIR". Real-Time quotes and market information for Spirit can be accessed on the OTC Market's website at www.otcm ...
Fastest Way to Make Money: From Zero to Millions, Why Cloud Mining Will Become the New Favorite Among Investors in 2025
Globenewswire· 2025-03-17 13:00
Core Insights - The JAmining platform is gaining traction in the cloud mining sector due to its user-friendly features, including free registration and attractive profitability [1][2][7] Group 1: Company Overview - JAmining is a global company legally registered in the UK and regulated by the UK Financial Services Authority (FCA) [6] - The platform operates over 100 global data centers located in regions such as Eastern Europe, North America, the Middle East, and South America [6] Group 2: Cloud Mining Features - JAmining offers a variety of flexible contract plans tailored to different investor needs, with potential profits ranging from $214 for a $200 investment over 2 days to $7,424 for a $5,800 investment over 14 days [3] - The platform employs cutting-edge blockchain mining technology, enabling users to achieve daily earnings of up to $100,000 [4] Group 3: Transparency and Trust - JAmining emphasizes transparency in its operations, ensuring no hidden fees and providing clear information about platform terms [5] - The platform's commitment to adhering to local laws and regulations enhances its reputation for providing safe and stable services [6]
Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF
Prnewswire· 2025-03-17 11:00
Core Insights - Cango Inc. has been included in the Bitwise Bitcoin Standard Corporations ETF, which tracks companies holding a minimum of 1,000 Bitcoins on their balance sheets, indicating recognition of its strategic pivot to Bitcoin mining [1][2] - The company has achieved significant milestones since transitioning to a capital-light Bitcoin mining model, including leading the industry in productivity with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally [2] Company Overview - Cango Inc. primarily operates a Bitcoin mining business and has expanded its operations across strategic locations including North America, the Middle East, South America, and East Africa [3] - The company has been involved in the automotive transaction service in China since 2010, aiming to simplify car purchases [3]
Travel Technologies Market Analysis (2025-2029) by Type of Travel, Product, Application and Region - AI, ML, VR, AR, and Blockchain Technology Reshaping the Industry
Globenewswire· 2025-03-06 14:56
Market Overview - The travel technologies market is projected to grow by USD 6.28 billion from 2024 to 2029, with a CAGR of 9.5% during this period [1] - Key drivers include the increasing use of smartphones and mobile applications, the growing adoption of online booking systems, and the rising popularity of vacation rentals and home-sharing platforms [1] Technological Advancements - The rise of AI and ML in the travel industry is identified as a significant factor driving market growth in the coming years [2] - The emergence of VR and AR in travel planning, along with the integration of blockchain technology for enhanced security and transparency in travel transactions, is expected to create substantial demand in the market [2] Market Analysis - The report provides a comprehensive analysis of the travel technologies market, including market size, forecasts, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors [3] - The study utilized a combination of primary and secondary information, including inputs from key industry participants [4] Market Segmentation - The travel technologies market is segmented by application, product, type, and region [5] - Key regions include North America, Europe, APAC, Middle East and Africa, and South America [6] Key Players - Notable companies in the travel technologies market include Amadeus IT Group SA, Expedia Group Inc., Sabre Corp., and Travelport L.P. among others [6][8]