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HIVE Digital Technologies Tops 15 EH/s and Provides July 2025 Production Report with 24% Monthly Increase in Production
Newsfile· 2025-08-07 21:04
Core Insights - HIVE Digital Technologies has surpassed 15 EH/s of Bitcoin mining capacity and is on track to reach 18 EH/s by the end of Summer 2025 as part of its Yguazú project [2][4] - The company reported a 24% month-over-month increase in Bitcoin production, mining 203 Bitcoin in July 2025 [3][7] - HIVE's annualized Bitcoin mining revenue has tripled to $315 million since the fiscal year-end on March 31, 2025, with revenue per share increasing by 65% year-to-date [4][8] Production and Financial Performance - In July 2025, HIVE mined an average of 6.6 Bitcoin per day, with a peak hashrate of 15.1 EH/s [7] - The company has pledged over $200 million worth of Bitcoin to secure its expansion to 25 EH/s, allowing for significant growth without equity dilution [8][9] - HIVE's mining margin is estimated at 55% after electricity costs, indicating strong operational efficiency [18] Strategic Goals and Community Impact - HIVE aims to reach 25 EH/s by American Thanksgiving, which is expected to yield 12 Bitcoin per day [5] - The company is focused on creating local jobs and improving infrastructure in Paraguay, contributing to community development [11][14] - HIVE's operations are powered exclusively by renewable hydroelectric energy, aligning with its commitment to sustainability [20]
X @The Block
The Block· 2025-08-07 18:20
Winklevoss twins back Trump sons' Bitcoin mining firm as Gemini pursues IPO: Bloomberg https://t.co/YdoTbZHpJp ...
X @Wu Blockchain
Wu Blockchain· 2025-08-07 07:59
Company Strategy - Union Jack Oil 与 Reabold Resources 等公司的合资企业计划在 West Newton 气田部署比特币挖矿设施 [1] - 该项目将利用现场天然气为数据中心供电,用于比特币生产 [1] Industry Focus - 能源行业公司正在探索利用天然气资源进行加密货币挖矿的新途径 [1] - 360 Energy 是一家总部位于德克萨斯州的公司,将参与该比特币挖矿设施的部署 [1]
X @Wu Blockchain
Wu Blockchain· 2025-08-06 14:50
Tariffs & Trade - The U S will impose reciprocal tariffs on Bitcoin mining machines from Southeast Asia starting August 7 [1] - Import duties could reach up to 21 6% [1]
LM Funding America Announces Second Quarter 2025 Earnings Call for August 14, 2025
Globenewswire· 2025-08-04 20:30
Core Viewpoint - LM Funding America, Inc. is set to announce its second quarter 2025 earnings results and will hold a conference call on August 14, 2025, at 8:00 AM EST [1][2]. Group 1: Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3]. - The company will provide an investor presentation alongside its earnings release on the morning of August 14, 2025 [2]. Group 2: Conference Call Details - The conference call will take place on August 14, 2025, at 8:00 AM EST, with links for live webcast and participant registration available [4].
X @CoinDesk
CoinDesk· 2025-08-04 16:45
🗞️ Base overtakes Solana in daily token launches, more than doubling its total.🗞️ France is drafting a law to use surplus nuclear energy for Bitcoin mining.🗞️ A missing Satoshi statue in Lugano was found after a 0.1 Bitcoin reward was offered.@JennSanasie hosts "CoinDesk Daily."Thank you to @MidnightNtwrk 👋 for being a sponsor of the CoinDesk media network. ...
X @Wu Blockchain
Wu Blockchain· 2025-08-03 03:58
Some accounts are spreading rumors that China has banned cryptocurrencies again, without any evidence.The four key facts you need to know:- Hong Kong of China, as a pilot zone, is fully embracing cryptocurrencies- China has never banned individual crypto transactions; only prohibits institutional participation- Bitcoin mining still occurs in many parts of China- Stablecoins and RWAs are gaining popularity among Chinese government officials ...
Riot Platforms Swings to Q2 Profit
The Motley Fool· 2025-08-01 17:49
Core Insights - Riot Platforms reported a revenue of $153 million for fiscal Q2 2025, marking a 5% decline quarter-over-quarter, but achieved a net income of $219.5 million, reversing a previous GAAP net loss due to Bitcoin appreciation [1] Group 1: Shift to Data Centers - Riot is transitioning to high-performance computing (HPC) data centers, having hired Jonathan Gibbs as Chief Data Center Officer and acquired 858 acres in Corsicana to support up to 1 gigawatt of capacity [3][4] - This strategic shift aims to capitalize on higher valuation multiples in the data center sector, moving beyond Bitcoin mining cyclicality and establishing a presence in the expanding HPC infrastructure market [4] Group 2: Operational Efficiency - Riot increased its self-mining hash rate by 5% quarter-over-quarter to 35.4 exahash, while producing 1,406 bitcoins, a slight decrease from 1,530 bitcoins in the previous quarter [5] - Year-over-year hash rate utilization improved from 61% to 87%, contributing to a 50% gross margin for the Bitcoin mining segment, positioning Riot among the most efficient miners in the industry [5][6] Group 3: Financial Strategy - Riot ended the quarter with $330 million in cash and over 19,000 bitcoins, equating to $2.4 billion in liquidity, and secured a $200 million Bitcoin-collateralized loan with Coinbase [7] - The company continues to sell its monthly Bitcoin production to finance operations while minimizing stock issuance through at-the-market equity, thereby preserving shareholder value [8][9] Group 4: Future Guidance - Management raised self-mining hash rate guidance for fiscal Q4 2025 from 38.4 exahash to 40 exahash, with a target of 45 exahash for fiscal Q1 2026, aiming to maintain a 4% global network share through 2026 [10] - The basis of design for the Corsicana data center is expected to be completed by the end of fiscal Q3 2025, supported by secured infrastructure for 600 megawatts and land for up to 1 gigawatt of capacity [11]
X @Bitcoin Magazine
Bitcoin Magazine· 2025-08-01 13:31
RT Mark Mason | markmason.btc (@MarkMoneyMason)⚡️⛏️ Bitcoin mining data just flashed one of its most reliable bullish 🐂 signals. Miners are recovering, profits are rising, and stocks are leading.This could mark the end of capitulation—and the start of something big!Read the full breakdown 👇 https://t.co/9X7cOaEvEt ...