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American Bitcoin, co-founded by Trump sons, soars in Nasdaq listing: CNBC Crypto World
CNBC Television· 2025-09-03 20:27
Today, Bitcoin and Ether are on the rise as tech stocks climb. Well, Eric Trump and Ashra Canute of American Bitcoin join us to discuss the Bitcoin miner's first trading day on the NASDAQ. Welcome to CNBC's Crypto World.I'm Tana McKiel. Digital currencies are in the green today alongside a rally among tech stocks led by Google. By noon Eastern, Bitcoin was on the rise, crossing the $112,000 level.Ether is also moving higher, $4,480. The Salana token rose to $211, continuing its one-month outperformance of b ...
X @Decrypt
Decrypt· 2025-09-03 16:10
Trump Bros’ American Bitcoin Mining Stock Soars, Then Plunges During Public Debut► https://t.co/nshfmoSrCE https://t.co/nshfmoSrCE ...
CleanSpark Releases August 2025 Bitcoin Mining Update
Prnewswire· 2025-09-03 13:00
Core Insights - CleanSpark, Inc. reported a total of 12,827 BTC in treasury and achieved an average hashrate increase of 1.4 EH/s month over month as of August 31, 2025 [1][2] Production Metrics - The company produced 657 BTC in August 2025, with a peak single-day production of 21.71 BTC and an average daily production of 21.20 BTC [3] - For the calendar year 2025, the total BTC produced reached 5,296 [3] Fleet Metrics - The operational hashrate was recorded at 50.0 EH/s, while the average operating hashrate stood at 43.3 EH/s [3] - The peak efficiency of the deployed fleet was 16.07 J/Th, with a total of 242,222 miners deployed as of August 31, 2025 [3] Bitcoin Treasury Metrics - As of August 31, 2025, CleanSpark's total bitcoin holdings were 12,827, with 3,026 BTC posted as collateral [4] - The company sold a total of 533.5 BTC, generating proceeds of $60,712,990, with an average sale price of $113,800 per BTC [3][4] Power Portfolio Metrics - CleanSpark has 1.03 GW under contract and utilized 808 MW concurrently to support its operational hashrate [3][5] Company Overview - CleanSpark is recognized as a market-leading Bitcoin miner, operating data centers across the U.S. and focusing on optimizing operations to deliver superior returns to shareholders [6]
Riot Announces August 2025 Production and Operations Updates
Globenewswire· 2025-09-03 13:00
Riot Produces 477 Bitcoin in August 2025CASTLE ROCK, Colo., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announces unaudited production and operations updates for August 2025. Bitcoin Production and Operations Updates for August 2025 Comparison (%) Metric August 2025 1July 2025 1August 2024 1 Month/MonthYea ...
X @Ash Crypto
Ash Crypto· 2025-09-03 12:37
BREAKING: 🇺🇸 TRUMP-LINKED BITCOIN MINING COMPANY AMERICAN BITCOIN IS SET TO LIST ON NASDAQ TODAY. https://t.co/XYFGPZ22WP ...
X @The Wall Street Journal
The Wall Street Journal· 2025-09-03 12:21
Exclusive: American Bitcoin, a bitcoin mining and accumulation business backed by President Trump’s two eldest sons, is set to list its shares Wednesday https://t.co/IUnv8DjRiS ...
X @Documenting ₿itcoin 📄
Documenting ₿itcoin 📄· 2025-09-01 16:27
New Record Global Bitcoin Mining Hashrate975,000,000,000,000,000,000x per second https://t.co/PB0N3TyV1X ...
Iris Energy (IREN) - 2025 Q4 - Earnings Call Transcript
2025-08-28 22:02
Financial Data and Key Metrics Changes - The company reported record revenue of $187 million for FY 2025, an increase of $42 million from the previous quarter, primarily driven by Bitcoin mining revenue of $180 million [14] - EBITDA grew tenfold year-on-year, with annualized revenue from Bitcoin mining operations exceeding $1 billion [7][32] - The company closed the financial year with approximately $565 million in cash and total assets of $2.9 billion, indicating a strong balance sheet [16] Business Line Data and Key Metrics Changes - The Bitcoin mining capacity increased to 50 exahash, with high margin revenues driving profitability, achieving an all-in cash cost of $36,000 per Bitcoin mined against an average realized price of $99,000 [15] - AI cloud revenue reached $7 million during the quarter, with over 10,000 GPUs online or being commissioned [9][10] - The company expanded its contracted grid-connected power by over a third to nearly 3 gigawatts and tripled its operating data center capacity to 810 megawatts [7] Market Data and Key Metrics Changes - The AI cloud business is experiencing rapid scaling, with significant demand for GPU resources as enterprise adoption of AI solutions accelerates [17] - The percentage of organizations leveraging AI in multiple business functions increased from 55% to 78% in the last year, highlighting the growing market demand [17] - Power availability and GPU-ready data center capacity remain scarce, with customers prioritizing speed to deploy and scalability [18] Company Strategy and Development Direction - The company is focused on scaling across the full AI infrastructure stack, from grid-connected transmission to digital compute, positioning itself to capture a broad and growing addressable market [10] - The construction of Horizon 1, a direct-to-chip liquid cooling AI data center, is underway, with plans for further expansion to support over 60,000 NVIDIA GPUs [12][23] - The company aims to maintain a CapEx efficient growth strategy, securing GPU financing at single-digit rates to fund expansion [21][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the AI cloud market, noting that demand is accelerating faster than supply, with significant infrastructure constraints [17][18] - The company is well-positioned to meet market demand due to its vertical integration and control over key bottlenecks in the supply chain [18] - Future growth is expected to be driven by the AI cloud business, with projections of billions in annualized revenue from this segment alone [11] Other Important Information - The company has transitioned to a US domestic issuer status and is now reporting under US GAAP and SEC regulations [14] - The company is advancing multiple data center projects to drive revenue growth and future expansion [11][27] Q&A Session Summary Question: Efficiency at sites and backup generation - The company operates at a PUE of 1.1 in British Columbia, with expectations to maintain competitive efficiency levels across its sites [40] - Redundancy is being introduced across the GPU fleet to enhance customer service, driven by customer demand [42] Question: Contract duration for cloud business - The company has a range of contract lengths from one month to three years, with newer equipment often seeing longer-term contracts [50] Question: Strategic thinking on Horizon projects - Horizon 1 is engineered specifically for liquid-cooled GPUs, with flexibility to accommodate various GPU densities [60] - The company is exploring both cloud and colocation opportunities to maximize risk-adjusted returns [106] Question: Financing for Blackwell GPUs - The company is utilizing various leasing structures for GPU financing, allowing flexibility in equipment ownership at the end of lease terms [72] Question: Key hires and sales strategy - The company is actively hiring across various functions to support cloud and colocation businesses, focusing on expanding its go-to-market capabilities [83] - The company is leveraging its unique competitive advantages, including end-to-end infrastructure control, to attract AI clients [89]
X @Cointelegraph
Cointelegraph· 2025-08-28 18:30
🔥 INSIGHT: By 2036 more than 99% of Bitcoin supply will be mined with around 20.9 million $BTC in circulation and almost no new issuance. https://t.co/WtnpUEHnYG ...