Positions American Bitcoin to become a publicly traded vehicle for low-cost Bitcoin accumulation at scaleMIAMI, May 12, 2025 /PRNewswire/ -- American Bitcoin Corp. ("American Bitcoin" or the "Company"), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, today announced that it has entered into a definitive merger agreement with Gryphon Digital Mining, Inc. (Nasdaq: GRYP) ("Gryphon") pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merge ...

Transaction designed to drive American Bitcoin’s capital markets access and growth trajectoryMIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreeme ...

SINGAPORE, May 12, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025.The Company's management team will hold a conference call at 8:00 A.M. on May 20, 2025, U.S. Eastern Time (8:00 P.M. on the same day, Singapore Time) to discuss the financial results. Details for the conference call are as follows: E ...

Core Viewpoint - Pan American Silver Corp. is acquiring MAG Silver Corp. to enhance its silver portfolio, particularly through the high-grade Juanicipio silver mine, which is expected to significantly increase Pan American's exposure to high-margin silver production [1][3][4]. Transaction Details - The acquisition involves a total consideration of approximately $2.1 billion, equating to $20.54 per MAG share, which includes $500 million in cash and 0.755 Pan American shares per MAG share [2][7]. - The consideration represents premiums of approximately 21% and 27% on a prorated basis compared to MAG's closing price and the 20-day volume weighted average price as of May 9, 2025 [2][4]. - Following the transaction, existing MAG shareholders will own about 14% of Pan American on a fully diluted basis [2][8]. Benefits to MAG Shareholders - MAG shareholders will receive an immediate premium and gain diversified exposure to Pan American's portfolio of ten silver and gold mines across seven countries [4][6]. - The transaction allows MAG shareholders to maintain exposure to the Juanicipio mine, which continues to show strong operational performance [4][6]. Strategic Rationale for Pan American - The acquisition is expected to de-risk MAG shareholders' concentrated interest in Juanicipio by converting it into equity ownership in a diversified silver producer [6]. - Juanicipio is forecasted to produce between 14.7 million ounces (Moz) and 16.7 Moz of silver in 2025, significantly contributing to Pan American's production [6][10]. - The transaction is projected to enhance Pan American's free cash flow generation, with Juanicipio expected to generate approximately $200 million in free cash flow in 2025 [6][10]. Operational and Financial Strength - The acquisition adds 58 Moz of silver to Pan American's proven and probable mineral reserves and strengthens its position as a leading silver producer [6][10]. - Pan American has a strong track record of returning capital to shareholders, having returned over $1.0 billion through dividends and buybacks since 2010 [6][10]. Closing and Approval Process - The transaction is expected to close in the second half of 2025, pending customary closing conditions and shareholder approval from MAG [9][10]. - All directors and executive officers of MAG have agreed to vote in favor of the transaction [9][12].

Cryptocurrency mining company TeraWulf (WULF -9.54%) wasn't mining gains for its investors at the close of the stock trading week. Its shares lost more than 9% of their value in Friday's session, due almost entirely to a quarterly earnings report that disappointed the market. The S&P 500 (^GSPC -0.07%) did relatively well that day, closing more or less at the level where it opened in the morning. First-quarter flopThat earnings release was the first covering TeraWulf's 2025 performance, and hopefully for it ...

TeraWulf (WULF) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Speaker0 Greetings and welcome to the TerraWolf twenty twenty five First Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, John Larkin, Senior Vice President, Director of Investor Relations. Thank you, sir. You may begin. Speaker1 Thank y ...

Core Insights - TeraWulf Inc. reported a decrease in revenue for Q1 2025, totaling $34.4 million, down 19% from $42.4 million in Q1 2024, primarily due to the April 2024 halving, increased network difficulty, and elevated power prices [4][11] - The company achieved a self-mining capacity of 12.2 EH/s, reflecting a 52.5% year-over-year increase, and self-mined 372 bitcoins during the quarter [6][8] - TeraWulf held $219.6 million in cash and bitcoin as of March 31, 2025, and repurchased $33 million of common stock in 2025 [10][2] Financial Performance - Revenue for Q1 2025 was $34,405,000 compared to $42,433,000 in Q1 2024 [21] - Cost of revenue (excluding depreciation) increased to $24,553,000, representing 71.4% of revenue, compared to $14,408,000 or 34.0% in Q1 2024 [4][11] - The net loss for Q1 2025 was $61,418,000, compared to a net loss of $9,613,000 in Q1 2024 [21] Operational Highlights - The company energized Miner Building 5, increasing total capacity to 245 MW and enhancing hashrate to 12.2 EH/s [1][10] - TeraWulf aims to secure additional HPC customers, targeting 200-250 MW operational by year-end 2026 [1][9] - The average operating hash rate decreased to 7.3 EH/s in Q1 2025 from 8.0 EH/s in Q1 2024 [6] Strategic Initiatives - TeraWulf is focused on developing scalable, sustainable infrastructure for Bitcoin mining and high-performance computing [7][10] - The company plans to begin HPC hosting revenue in Q2 2025 as data halls come online [10] - Management emphasized the importance of disciplined capital allocation, as evidenced by the share repurchase program [10][15]

MARA Holdings (MARA) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Robert Samuels - VP - Investor RelationsFred Thiel - Chairman and CEOSalman Khan - CFOStephen Glagola - Director - Equity Research Operator At this time, it is my pleasure to turn the floor over to your host, Robert Samuels, VP of Investor Relations. Sir, the floor is yours. Robert Samuels Thank you, operator. Good afternoon and welcome to Mara's First Quarter twenty twenty five Earnings Call. Thank you for joining us t ...

United States Antimony (UAMY) Q1 2025 Earnings Call May 08, 2025 04:15 PM ET Company Participants Gary Evans - CEO & ChairmanRichard Isaak - Senior VP & CFOJoe Bardswich - EVP, Chief Mining Officer & DirectorJonathan Miller - VP of Investor Relations & Global Sales Manager Operator Welcome to the United States Antimony Corporation First Quarter twenty twenty five Financial and Operational Results Meeting. At this time, all participants are in a listen only mode. A question and answer session will follow the ...

United States Antimony (UAMY) Q1 2025 Earnings Call May 08, 2025 04:15 PM ET Speaker0 Welcome to the United States Antimony Corporation First Quarter twenty twenty five Financial and Operational Results Meeting. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this webcast is being recorded. I will now turn the webcast over to your host, Gary C. Evans, Chairman and CEO. You may begin. Speaker1 Thank you, sir, and thank a ...