🚨JUST IN: BITCOIN MINING GIANT CANAAN SECURES $72M FROM BH DIGITAL, GALAXY DIGITAL, AND WEISS ASSET MANAGEMENT ...

Stamford, Connecticut--(Newsfile Corp. - November 4, 2025) - Sphere 3D Corp. (NASDAQ: ANY) (“Sphere 3D” or the “Company”), a Bitcoin mining company, today reported financial results for the third quarter of fiscal year 2025 ended September 30, 2025.COMMENTS FROM SPHERE 3D LEADERSHIP“This quarter reflects continued progress in strengthening the foundation of our business,” said Kurt Kalbfleisch, Interim CEO of Sphere 3D, “We’ve taken deliberate steps to position the Company for durable, long-term growth, si ...

Publicly traded Bitcoin miner, MARA, recorded the firm’s highest ever quarterly revenue in Q3, generating $252 million, a 92% year-over-year increase.  The firm also generated income of $123 million or $0.27 per share compared to a loss of $124 million at this time last year, while improving its energized hashrate and its Bitcoin mining fleet efficiency. Shares of MARA were down approximately 5.8% today, changing hands at $16.96 as crypto and other asset markets fell.  But in an earnings call, the company h ...

NIP Group, the parent company of the long-running esports team brand Ninjas in Pyjamas, is doubling down on Bitcoin, revealing plans to expand its mining operation. As a result, NIP Group hopes to leverage its mining rigs to produce 160 BTC a month, or over $16 million a month at current prices—up from its previous target of 60 BTC per month. The expansion brings its total mining capacity to a hash rate of 11.3 EH/s, a unit of measurement for crypto mining—significantly up from 3.11 EH/s when it first estab ...

IREN Limited (NASDAQ: IREN), a Bitcoin (BTC) mining and AI cloud company, signed a $9.7 billion GPU cloud services contract with Microsoft (Nasdaq: MSFT) on Oct. 3. Related: Explained: What is sustainable Bitcoin mining? IREN co-founder and co-CEO said, “We’re proud to announce this milestone partnership with Microsoft, highlighting the strength and scalability of our vertically integrated AI Cloud platform." Microsoft's business development and ventures president Jonathan Tinter said, “Together with IRE ...

Why Bernstein Just Boosted Its Price Target for Bitcoin Miner IREN► https://t.co/ULyUmgMT7e https://t.co/ULyUmgMT7e ...

MARA Holdings 在 2025 年第三季度实现 1.23 亿美元净利润，创历史新高，营收同比增长 92% 至 2.52 亿美元，主要受益于比特币价格上涨、算力增长 64% 及电力成本下降。公司本季度挖矿 2,144 枚比特 币，当前持有约 53,250 枚 BTC，总价值约 56 亿美元，位居公开比特币储备第二。MARA 同时宣布与 Marathon Petroleum 旗下 MPLX 合作，在德州西部建设最多 1.5 吉瓦的燃气发电与数据中心设施。 （TheBlock） 来源：市场资讯 （来源：吴说） ...

MARA Holdings announced third-quarter 2025 financial results on Nov. 4, reporting revenues of $252.4 million and net income of $123.1 million. The Bitcoin miner also unveiled plans to expand into artificial intelligence infrastructure and energy-integrated data centers. The company mined 2,144 BTC and purchased 2,257 BTC during the quarter, bringing total holdings to 52,850 BTC as of Sept. 30, according to the company’s earnings release. Revenues increased 92% compared to the same period in 2024, when MAR ...

Core Insights - The article discusses the strategic shift of CleanSpark Inc. from pure Bitcoin mining to integrating AI compute services, highlighting the unique advantages Bitcoin miners have in the AI infrastructure race [2][4]. Group 1: Strategic Shift - CleanSpark's CEO Matt Schultz emphasized that the company's pivot is not an abandonment of cryptocurrency but a recognition of market realities that enhance the value of Bitcoin miners in the AI sector [2]. - The company operates 1.03 gigawatts of energized facilities and has an additional 1.7 gigawatts in pipeline capacity, showcasing its significant infrastructure [4]. Group 2: Market Challenges - Schultz pointed out that the main constraint for tech giants investing in AI is access to land and power, with approximately 60% of their free cash flow directed towards AI infrastructure [3]. - The article notes that while GPU shortages and data center construction are often highlighted, the fundamental issue is the need for substantial electricity and land for AI operations [3]. Group 3: Competitive Advantage - CleanSpark has developed a rapid deployment capability, able to establish a 100-megawatt Bitcoin mining facility in about six months, compared to the three to six years needed for a traditional AI data center [4]. - The company recently outpaced Microsoft in securing 100 megawatts of capacity in Cheyenne, Wyoming, by monetizing the megawatts through Bitcoin mining before transitioning to high-performance computing when economically viable [5]. Group 4: Unique Operational Characteristics - Bitcoin mining operations are described as a "very unique, interruptible load," which can address significant challenges faced by utility companies [6].

Now, according to the latest note from Morgan Stanley strategist Steven Bird, we are likely about 49 gawatts or so of power short to make all these AI dreams happen. Now, gigawatts can be confusing very very roughly. 1 gawatt is about 750,000 American homes worth of power. So, we're kind of talking about 40 million homes equivalent worth of electricity.That would be enough to basically power three times all the homes in Texas. So, how do we hit that supply and what companies may ultimately benefit Steven Bi ...