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BitFuFu Announces July 2025 Bitcoin Production and Operation Updates: Record 38.6 EH/s Hashrate, 467 BTC Mined
Globenewswire· 2025-08-05 12:00
Core Insights - BitFuFu Inc. reported significant growth in Bitcoin production and mining operations for July 2025, highlighting a 43% month-over-month increase in self-mining output [2][6][7] - The company achieved a record hashrate of 38.6 EH/s and total power capacity of 752 MW, marking a 3.3% month-over-month increase in power capacity [3][6][7] - BitFuFu's Bitcoin holdings decreased slightly to 1,784 BTC, primarily due to vendor payments, while total Bitcoin production reached 467 BTC, a 4.9% increase from the previous month [7] Bitcoin Holdings and Production - Bitcoin production for July 2025 was 467 BTC, with 384 BTC from cloud mining and 83 BTC from self-mining [7] - The self-mining output increased by 43.1% month-over-month, demonstrating the effectiveness of the company's dual-engine model [2][6] - Bitcoin holdings decreased by 8 BTC from June 30, 2025, due to payments made to vendors [7] Hashrate Overview - Total hashrate under management reached 38.6 EH/s, reflecting a 6.6% month-over-month increase [7] - Self-owned hashrate accounted for 3.8 EH/s, while hashrate from third-party suppliers and hosting customers was 34.8 EH/s [7] - The average fleet efficiency was reported at 19.5 J/TH [7] Power and Infrastructure - Total power capacity under management was 752 MW, with a 3.3% month-over-month increase [3][6] - The company operates across five continents, indicating a broad geographical footprint in its mining operations [3] Mining Services - BitFuFu has a growing cloud mining user base, with 629,487 registered users as of July 31, 2025 [8] - The BitFuFuPool mining pool surpassed 20 EH/s in July 2025, showcasing the company's competitive position in the mining services sector [8]
X @Decrypt
Decrypt· 2025-07-18 05:24
Fraudulent Activities - A former rugby player was sentenced for a $900 thousand crypto mining Ponzi scheme [1] Financial Crimes - The scheme involved approximately $900 thousand [1]
X @Decrypt
Decrypt· 2025-07-03 10:26
IMF Rejects Pakistan’s Bid to Subsidise Power for Crypto Mining► https://t.co/Z0PtzuN4DJ https://t.co/Z0PtzuN4DJ ...
Signing Day Sports Progresses Transaction and Executes Definitive Agreement with BlockchAIn Digital Infrastructure, a Profitable Data Hosting Company
Globenewswire· 2025-05-28 12:45
Core Viewpoint - The proposed business combination between Signing Day Sports and One Blockchain aims to create a public company focused on crypto mining, artificial intelligence (AI), and high-performance computing (HPC) data hosting markets, with significant revenue and growth potential [1][4][6]. Company Overview - Signing Day Sports is a developer of an app designed to assist high school athletes in the recruitment process [2][17]. - One Blockchain operates BlockchAIn Digital Infrastructure, which generated audited revenue of approximately $26.8 million and net income of approximately $5.7 million in 2024 [3][8]. Transaction Details - The transaction will be structured as a holding company, with Signing Day Sports and One Blockchain becoming subsidiaries of BlockchAIn Digital Infrastructure, Inc. (PubCo) [2][9]. - No cash payment will be required from Signing Day Sports to One Blockchain or its securityholders [2]. - The total consideration for One Blockchain's securityholders will be approximately $215 million in PubCo common shares, with an implied diluted value per share of $5.12 [9]. Financial Projections and Earnout - An earnout provision is included, where additional shares will be issued if PubCo achieves or exceeds EBITDA of $25 million for the fiscal year ending December 31, 2026 [10]. - Upon closing, Signing Day Sports shareholders will receive approximately 8.5% of the combined company's outstanding common stock, while One Blockchain's securityholders will receive approximately 91.5% [9]. Market Position and Growth Strategy - The digital infrastructure market, including crypto mining, HPC, and AI-related computing, is rapidly evolving, with increasing demand for energy-efficient processing power [4]. - BlockchAIn Digital Infrastructure plans to expand its operations, including a 40 MW crypto mining facility in South Carolina and a new 150 MW facility in Texas, to support growing demand for hosting services [5][8]. Leadership Statements - The CEOs of both companies expressed optimism about the transaction, highlighting the potential for substantial value creation and the strategic positioning of the combined company to capitalize on the fast-growing HPC hosting market [7][8].
T-REX Acquisition Corp. Announces Uplisting to OTCQB Venture Market Trading
Globenewswire· 2025-05-12 14:50
Core Points - T-REX Acquisition Corp. has successfully uplisted its common stock shares to the OTCQB Venture Market, enhancing liquidity and trading experience for shareholders [1][2] - The uplisting is seen as a significant milestone that will improve visibility, transparency, and access to institutional capital for T-REX [2] - The company is strategically positioned to capitalize on the growing crypto mining market through recent acquisitions and management enhancements [2] Company Overview - T-REX Acquisition Corp. operates as a vertically integrated crypto-mining business and is now trading under the symbol "TRXA" on the OTCQB [1][2] - The OTCQB is designed for early-stage and developing companies that are current in their reporting and undergo annual verification [2] Market Context - The move to the OTCQB is expected to create a more efficient market for investors, reflecting the company's commitment to higher standards of reporting and management certification [2]
