SHANGHAI, May 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in April 2025. Bitcoin Mining Update for April 2025 | Metrics | | Apr 2025 1Mar 2025 1 | | --- | --- | --- | | Number of Bitcoins produced | 470.0 | 530.1 | | Average number of Bitcoins produced per day | 15.7 | 17.1 | | Total number of Bitcoins held 2 | 2,944.8 | 2,474.8 | | Total number of Bitcoins sold 2 | - | - | | Deployed hashrate 2 | 32 EH/s | 32 EH ...

Core Insights - Spirit Blockchain Capital Inc. has filed its audited financial statements and management's discussion and analysis for the fiscal year ended December 31, 2024, indicating a commitment to transparency and regulatory compliance [1][3] - The audited financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) and highlight material uncertainties regarding the company's ability to continue as a going concern [2] Corporate Update - The company is focusing on strengthening its operational platform and prioritizing revenue-generating initiatives as it moves into the next phase of corporate development [4] - Management is actively evaluating opportunities to leverage existing investments and blockchain expertise to support long-term growth [4] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company that focuses on the blockchain technology sector, with a diversified portfolio that includes investments in blockchain infrastructure, cryptocurrencies, mining operations, and emerging blockchain technologies [5] - The company's goal is to create shareholder value through strategic investments in the rapidly expanding digital asset landscape [5]

Core Viewpoint - Cango Inc. is rapidly expanding in the Bitcoin mining industry, with a strong operational performance and positive projections for future growth, as highlighted by the initiation of coverage by Apollo Insights [1][2]. Group 1: Company Performance - Cango has achieved an average operating hash rate of 30.3 exahash/second (EH/s) in March 2025, ranking it joint second for the highest operating hashrate that month [2]. - The company has accumulated approximately 2,475 Bitcoin, valued at roughly US$211 million as of April 17, 2025, and has not sold any of its Bitcoin holdings [3]. - Cango ranks as the fifth-largest Bitcoin mining player by deployed hashrate, achieving 32 EH/s in just four months, with projections to reach 42 EH/s by the end of FY25E [3]. Group 2: Market Position and Strategy - Since entering the Bitcoin mining industry in November 2024, Cango has expanded its operations globally, with mining activities in the U.S. (38%), East Africa (37%), Oman (15%), Paraguay (9%), and Canada (1%) [4]. - The company operates a capital-light model, which has contributed to its operational efficiency and growth in Bitcoin holdings [3]. Group 3: Financial Projections - Cango has a market capitalization of $387.1 million, with a 12-month stock price range between $1.33 and $8.00 [7]. - Apollo Insights projects Cango's fiscal 2025E revenue and adjusted EBITDA to reach RMB3,913.2 million and RMB665.6 million, respectively [7]. - For fiscal 2026E, revenue and adjusted EBITDA are expected to increase to RMB4,644.6 million (an 18.7% year-over-year increase) and RMB1,185.2 million (a 78.1% year-over-year increase) [7].

Company Overview - Dogecoin Cash, Inc. has finalized its corporate name change, which is now reflected across U.S. stock market systems following notification from FINRA [1] - The name change was authorized through a Certificate of Amendment filed with the Nevada Secretary of State on November 13, 2024, and became market effective on April 25, 2025 [2] - The trading symbol (CBDS) remains unchanged at this time [3] Business Operations - Dogecoin Cash, Inc. operates PrestoDoctor, a leader in medical cannabis telemedicine [4] - The company holds the first patented cannabis strain, Ecuadorian Sativa aka "CTA", and a patented cannabis lozenge for hypertension treatment [4] - Dogecoin Cash, Inc. is engaged in cannabis product development, licensing, and blockchain innovation, leveraging emerging digital assets and decentralized finance (DeFi) solutions [4]

Core Viewpoint - Ebang International Holdings Inc. reported a significant improvement in its financial performance for the fiscal year 2024, marking a turning point as the company expands into the renewable energy sector while maintaining a focus on cost control and operational efficiency [3][4]. Financial Performance - Total net revenues for fiscal year 2024 increased by 20.9% to US$5.9 million, up from US$4.9 million in 2023 [2][4]. - Gross profit for fiscal year 2024 was US$1.2 million, a recovery from a gross loss of US$16.7 million in 2023 [2][6]. - Net loss for fiscal year 2024 was US$20.9 million, reduced from a net loss of US$38.0 million in 2023 [2][9]. Operational Highlights - The increase in revenues was attributed to the acquisition of a renewable energy business in November 2024 and rental income from idle office space [4]. - Cost of revenues decreased by 78.3% to US$4.7 million in 2024, primarily due to the recognition of a VAT recoverable impairment of US$16.7 million in 2023 [5][6]. - Total operating expenses decreased by 14.6% to US$31.6 million in 2024, driven by a reduction in selling expenses and adjustments in strategic policies [6][7]. Strategic Direction - The company is entering the renewable energy sector, leveraging its design, research, and manufacturing capabilities to innovate and capture market opportunities [3][11]. - Ebang aims to balance exploration of new business domains with meticulous cost control to ensure steady growth [3][11]. Shareholder Information - Net loss attributable to Ebang International Holdings Inc. was US$20.3 million in 2024, compared to US$36.8 million in 2023 [10]. - Basic and diluted net loss per share improved to US$3.22 in 2024 from US$5.86 in 2023 [10][18].

Core Viewpoint - BTCS Inc. is strategically expanding its Ethereum holdings and staking operations by leveraging decentralized finance (DeFi) through borrowing on AAVE, aiming to capitalize on current market conditions [2][3][4]. Group 1: Strategic Initiatives - The company is borrowing USDT via AAVE, using ETH as collateral, to acquire additional ETH and enhance its staking operations [3][4]. - BTCS believes that Ethereum is at or near a cyclical bottom, presenting a compelling opportunity for investment [3][4]. Group 2: Financial Strategy - By utilizing AAVE for borrowing, BTCS can access capital at attractive rates, historically below 5%, without diluting equity, thus preserving shareholder value [4]. - The initiative is part of a broader strategy to grow revenue and improve margins through increased participation in Ethereum's consensus mechanism [5]. Group 3: Company Overview - BTCS Inc. focuses on blockchain infrastructure technology, particularly in block building and validator node management, and operates a branded block-building operation called Builder+ [6]. - The company also supports other blockchain networks by operating validator nodes and staking crypto assets across multiple proof-of-stake networks [6].

Group 1 - Matador Technologies Inc. has changed its stock ticker symbol on the OTCQB from "MTDTF" to "MATAF" effective April 28, 2025, to improve brand alignment [1] - The company's common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC), enhancing liquidity and accessibility for U.S. investors [2][3] - The CEO of Matador Technologies emphasized that DTC eligibility is a significant step in expanding the company's presence in U.S. capital markets and aligns with its strategy to enhance shareholder visibility and liquidity [3] Group 2 - Matador Technologies is focused on developing its Digital Gold Platform, which integrates physical gold with digital art inscriptions on the Bitcoin blockchain using Ordinals technology [3][4] - The company aims to democratize the gold buying experience by leveraging blockchain technology to create a platform for users to buy, sell, and store gold conveniently [4]

Core Insights - Spirit Blockchain Capital Inc. has successfully upgraded to the OTCQB Venture Market, effective April 22, 2025, enhancing its visibility and accessibility to U.S. investors [1][2][3] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company focused on the blockchain technology sector, with a diversified portfolio that includes investments in blockchain infrastructure, cryptocurrencies, mining operations, and emerging blockchain technologies [5] Upgrade Significance - The upgrade to OTCQB is a significant milestone for the company, representing a commitment to enhancing shareholder value and providing greater visibility within the U.S. investment community [2][3] - The OTCQB is recognized by the U.S. Securities and Exchange Commission as a public market that offers public information for analysis and value of securities [3] Benefits of OTCQB Upgrade - Enhanced visibility and accessibility to the U.S. investment community [7] - Improved liquidity potential and a broader shareholder base [7] - Greater transparency through higher reporting standards [7] - Increased credibility with the financial community [7]

Core Insights - The JAmining platform is gaining traction in the cloud mining sector due to its user-friendly features, including free registration and attractive profitability [1][2][7] Group 1: Company Overview - JAmining is a global company legally registered in the UK and regulated by the UK Financial Services Authority (FCA) [6] - The platform operates over 100 global data centers located in regions such as Eastern Europe, North America, the Middle East, and South America [6] Group 2: Cloud Mining Features - JAmining offers a variety of flexible contract plans tailored to different investor needs, with potential profits ranging from $214 for a $200 investment over 2 days to $7,424 for a $5,800 investment over 14 days [3] - The platform employs cutting-edge blockchain mining technology, enabling users to achieve daily earnings of up to $100,000 [4] Group 3: Transparency and Trust - JAmining emphasizes transparency in its operations, ensuring no hidden fees and providing clear information about platform terms [5] - The platform's commitment to adhering to local laws and regulations enhances its reputation for providing safe and stable services [6]

Core Insights - Cango Inc. has been included in the Bitwise Bitcoin Standard Corporations ETF, which tracks companies holding a minimum of 1,000 Bitcoins on their balance sheets, indicating recognition of its strategic pivot to Bitcoin mining [1][2] - The company has achieved significant milestones since transitioning to a capital-light Bitcoin mining model, including leading the industry in productivity with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally [2] Company Overview - Cango Inc. primarily operates a Bitcoin mining business and has expanded its operations across strategic locations including North America, the Middle East, South America, and East Africa [3] - The company has been involved in the automotive transaction service in China since 2010, aiming to simplify car purchases [3]