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]

Core Insights - BitFuFu Inc. reported its most productive month in June 2025, mining 445 Bitcoin, marking an 11.3% month-over-month increase in production [2][6][7] - The company achieved record levels of hashrate at 36.2 EH/s and total power capacity of 728 MW, reflecting strong operational momentum [2][6][7] - BitFuFu's Bitcoin holdings increased to 1,792 BTC, with an increase of 83 BTC from the previous month [6][7] Bitcoin Holdings and Production - Bitcoin production in June 2025 was 445 BTC, which is an 11.3% increase from May 2025 [6][7] - The production included 387 BTC from cloud mining (an 8.4% increase) and 58 BTC from self-mining (a 34.9% increase) [7] - Total Bitcoin holdings reached 1,792 BTC, up from 1,709 BTC at the end of May 2025 [7] Hashrate Overview - Total hashrate under management reached 36.2 EH/s, representing a 6.2% month-over-month increase [6][7] - Self-owned hashrate accounted for 3.8 EH/s, while hashrate from third-party suppliers and hosting customers was 32.4 EH/s [7] - The average fleet efficiency was recorded at 20.1 J/TH [7] Power and Infrastructure - Total power capacity under management was 728 MW, which is an 11.8% increase month-over-month [2][6] - The power capacity is distributed across five continents, indicating a broad operational footprint [2] Mining Services - As of June 30, 2025, BitFuFu had 623,114 registered users on its cloud mining platform [3]