Bitcoin Mining Hashrate Climbing to New Highs https://t.co/sMod6D8y1L ...

Core Insights - KULR Technology Group has successfully deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay, increasing its operational capacity to 750 petahash per second (PH/s) [1] - The company employs a dual acquisition strategy, combining both mining and purchasing Bitcoin to enhance its BTC holdings efficiently [1][2] - KULR aims to scale its mining operations to reach 1.25 exahash per second (EH/s) later this summer [3] Company Strategy - KULR's CEO highlighted that Bitcoin has outperformed major asset classes in 11 of the last 14 years, emphasizing the importance of a dual-pronged model to capture value from both hash price and coin price [2] - The company has expanded its strategic relationship with a U.S. exchange-listed company through a leasing agreement for ASIC miners and a consulting agreement for comprehensive support in Bitcoin mining operations and treasury management [2] Financial Management - Since late 2024, KULR has included Bitcoin as a primary asset in its treasury program, committing to allocate up to 90% of its excess cash for Bitcoin acquisition [4]

Core Insights - Bitdeer Technologies Group has joined the Russell 2000® and 3000® Indexes as of June 30, 2025, marking a significant milestone for the company [1][5] - The company has increased its self-mining hashrate by 21% to 16.5 EH/s and aims to reach 40 EH/s by the end of October 2025 [1][3] - The SEALMINER A3 series is nearing mass production, with all machine level testing results meeting expectations [1][3] Operational Update - Self-mined Bitcoin increased to 203 Bitcoins in June 2025, a rise of approximately 4% from May 2025 [4] - Total hash rate under management reached 30.6 EH/s in June 2025, up from 27.4 EH/s in May 2025 [5] - The company has manufactured a total of 14.9 EH/s in mining rigs, with 5.3 EH/s shipped to external customers [4] Mining Rig Manufacturing and R&D - SEALMINER A1 has 3.9 EH/s energized, while SEALMINER A2 has 14.9 EH/s manufactured and 1.1 EH/s in final assembly [4] - SEALMINER A4 is on track to achieve an expected chip efficiency of approximately 5 J/TH [4] Infrastructure Update - Total electrical capacity across various sites is 1,098 MW, with several sites in progress and expected to be fully energized by Q3 2025 [7][9] - The company has ongoing discussions for HPC/AI projects with multiple development partners in the U.S. [4] Financial Update - Bitdeer successfully closed a total of US$375.0 million principal amount of 4.875% Convertible Senior Notes due 2031 through an oversubscribed private placement offering [4] - Bitcoin held by the company increased to 1,502 Bitcoins as of June 2025, compared to 1,351 in May 2025 [5]

Company Strategy - Bit Digital stopped all Bitcoin mining operations [1] - Bit Digital sold all their Bitcoin holdings [1] - Bit Digital raised funds specifically for Ethereum [2] Financial Position - Bit Digital now holds over $250 million (a quarter of a billion dollars) in Ethereum [2]

Core Insights - LM Funding America, Inc. reported a decrease in Bitcoin mined in June 2025, with 5.5 Bitcoin compared to 6.3 Bitcoin in May 2025, attributed to a strategic curtailment approach during peak summer months [2] - The company prioritized energy sales over Bitcoin production due to high temperatures in Oklahoma, resulting in estimated curtailment and energy sales of approximately $55,000 for June and $216,000 for Q2 2025 [2] - As of June 30, 2025, the value of the company's Bitcoin holdings was approximately $16.7 million, equating to $3.25 per share, based on a Bitcoin price of approximately $107,170 [2] 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 has a total of 5,538 machines as of June 2025, with 4,320 operational and 1,218 in storage [2] - The company's Bitcoin holdings increased slightly from 155.0 to 155.5 Bitcoin from May to June 2025 [2]

🔥 LATEST: Bitcoin miner Cango now holds 4,000 BTC. https://t.co/4cbfjobkkW ...

Core Viewpoint - IREN (NASDAQ:IREN) has experienced a significant stock increase of nearly 80% over the last month, currently trading at approximately $16, raising questions about its attractiveness as an investment [2][3] Group 1: Financial Performance - IREN's revenues have shown substantial growth, with an average annual growth rate of 270% over the past three years, and a revenue increase of 127.2% from $165 million to $375 million in the last 12 months [10][13] - The company's quarterly revenues rose by 168.4% to $145 million in the most recent quarter, compared to $54 million a year prior [13] - Despite the revenue growth, IREN's operating income over the last four quarters was -$19 million, indicating a poor operating margin of -5.0% [13] - The net income for the last four quarters was -$36 million, resulting in a net income margin of -9.5% [13] Group 2: Valuation and Market Comparison - IREN has a price-to-sales (P/S) ratio of 9.5, which is significantly higher than the S&P 500's ratio of 3.1, suggesting that IREN stock appears costly relative to the broader market [5] - The conclusion drawn from the analysis indicates that a valuation of 9 times trailing revenues is not excessively high given the company's growth trajectory [11] Group 3: Operational Milestones - Recent operational milestones include the successful conclusion of a $550 million 3.5% convertible senior notes offering, which has enhanced market confidence [7] - IREN achieved its mid-year goal of 50 EH/s in installed self-mining capacity, marking a key operational milestone [7] - The acquisition of 2,400 next-generation NVIDIA Blackwell B200 and B300 GPUs was disclosed to support the company's growing AI Cloud Services [7] Group 4: Resilience and Market Performance - IREN stock has performed significantly worse than the S&P 500 during the inflation downturn in 2022, raising concerns about its resilience during economic downturns [9] - The stock has dropped 95.7% from a peak of $24.80 on November 19, 2021, to $1.06 on December 28, 2022, and has not yet recovered to its pre-crisis high [14]

Core Viewpoint Canaan Inc. reported a resilient performance in its bitcoin mining operations for June 2025, despite facing challenges such as weather-related disruptions and maintenance. The company achieved a record high in bitcoin reserves and continued its North American expansion while executing a stock repurchase program to protect shareholder value. Group 1: Production and Mining Operations - In June 2025, Canaan mined a total of 88 bitcoins, a decrease attributed to a temporary reduction in operating hashrate due to weather-related curtailments and maintenance [2] - The month-end operating hashrate was recorded at 6.57 EH/s, while the deployed hashrate stood at 8.15 EH/s [5][9] - The average all-in power cost during June was US$0.045 per kWh [5] Group 2: Bitcoin Reserves and Financial Strength - Canaan closed June with a record high of 1,484 bitcoins in total cryptocurrency holdings, reflecting the company's financial strength and commitment to accumulating bitcoin strategically [3] - The month-end average revenue split was 62.3%, indicating a favorable revenue-sharing arrangement [5] Group 3: Expansion and Infrastructure - The company is advancing its North American expansion, with approximately 1 EH/s of new computing power en route to U.S. facilities, expected to be operational by the end of July 2025 [4][13] - The installed power capacity across global operations reached 216.0 MW, with 76.3 MW in North America and 139.6 MW in non-North America [5][9] Group 4: Shareholder Value and Corporate Actions - Canaan executed a stock repurchase program throughout June, demonstrating confidence in the company's long-term prospects [5] - On June 9, 2025, the CEO and CFO purchased a total of 817,268 American Depositary Shares at an average price of US$0.76 per ADS, reflecting their commitment to the company's future [11]

Core Insights - CleanSpark achieved a mid-year operational hashrate target of 50 EH/s, marking a 9.6% month-over-month increase and enhancing energy efficiency to 16.15 J/Th [2][4] - The company holds a Bitcoin treasury of 12,608 BTC, ranking seventh among publicly traded companies globally, all generated through self-mining [2][6] - CleanSpark's Digital Asset Management strategies are in the 'crawl phase', with positive results from spot sales and derivative transactions, achieving an average sale price of $105,860 per Bitcoin in June [3][6] Production Metrics - In June 2025, CleanSpark produced 685 BTC, with a peak single-day production of 23.97 BTC and an average daily production of 22.82 BTC [4] - The total Bitcoin produced in the calendar year 2025 so far is 3,968 BTC [4] Fleet Metrics - The operational hashrate reached 50.0 EH/s, with an average operating hashrate of 45.3 EH/s [4] - The deployed fleet as of June 30, 2025, consists of 241,227 miners [4] Treasury Metrics - As of June 30, 2025, CleanSpark's total Bitcoin holdings are 12,608 BTC, with 578.51 BTC sold, generating proceeds of $61,241,239 [6] - The average price per BTC sold was $105,860, which is $446 above the volume-weighted average price (VWAP) for the same period [6] Power Portfolio Metrics - CleanSpark has secured 987 MW of power under contract, with 808 MW utilized to support its operational hashrate [6]

SINGAPORE, July 07, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited production and mining operation updates for June 2025. "June was our most productive month of 2025, with 445 Bitcoin mined thanks to the continued expansion of our mining fleet," said Leo Lu, Chairman and CEO of BitFuFu. "Reaching record levels of 36.2 EH/s in hashrate and 728 MW in power capacity, we're proud of the ...