Group 1 - American Bitcoin, a Bitcoin mining company supported by Donald Trump's sons, will go public through a merger with Gryphon Digital Mining [1] - The company is expected to start trading on NASDAQ in early September [1] - Major shareholders, including Eric Trump, Donald Trump Jr., and Hut 8, will collectively hold 98% of the new company's shares, with the stock ticker symbol ABTC [1]

Mining Hashrate - Global Bitcoin mining hashrate reached a new record of 960 quintillion (960,000,000,000,000,000,000) hashes per second [1]

Investment bank Benchmark has reiterated Bitcoin miner @Hut8Corp"buy" rating while raising its price target to $36 from $33 following the Nasdaq-listed firm's expansion plans. https://t.co/qFatVYdwA9 ...

In this week's issue of The Protocol newsletter:- Bitcoin Mining Faces 'Incredibly Difficult' Market as Power Becomes the Real Currency- Optimism Taps Flashbots to Supercharge OP Stack Sequencing- Hemi Labs Raises $15MCompiled by @cryptauxmargauxhttps://t.co/xLTHwPgPYa ...

RT JuanGalt.com (@JuanSGalt)I dove deep into Jack Dorsey's Proto Rig and what it means for the Bitcoin Mining industry.This is a game changer.https://t.co/fc42uW4W1V ...

Mining Hashrate - Global Bitcoin mining hashrate reached a new record of 950 quintillion (950,000,000,000,000,000,000) hashes per second [1]

Core Viewpoint - IREN Limited has significantly expanded its GPU fleet by procuring an additional 4.2k NVIDIA Blackwell B200 GPUs, bringing the total to approximately 8.5k GPUs, and has secured $102 million in financing for prior GPU purchases, positioning the company for growth in AI Cloud services [1][2][4]. Financing Details - IREN has secured $102 million in financing structured as a 36-month lease for 100% of the purchase price of NVIDIA Blackwell GPUs, with lease payments based on a high single-digit interest rate [2]. - Financing discussions are ongoing for the newly acquired 4.2k NVIDIA Blackwell B200 GPUs, with initial funding sourced from existing cash [3]. Capacity and Growth - The new GPUs will be installed at IREN's Prince George campus, maintaining a total installed mining capacity of approximately 50 EH/s, utilizing spare data center capacity efficiently [3]. - The Prince George campus has a total power capacity of 50 MW, allowing for phased growth to support up to 20,000 Blackwell GPUs [4]. Strategic Positioning - The expansion of GPU capacity is aimed at capturing strong demand and driving revenue growth in the AI Cloud sector, leveraging competitively priced, non-dilutive capital [4]. - IREN operates a vertically integrated data center business focused on Bitcoin, AI, and other high-performance computing applications, utilizing 100% renewable energy [10].

Company Overview - TeraWulf has transitioned from Bitcoin mining to AI infrastructure, significantly impacting its stock performance, which surged 70% following a major contract announcement [2][3] - The company has entered a 10-year agreement with Fluidstack, valued at approximately $3.7 billion, focusing on high-performance computing (HPC) [2] - Google has strategically invested in TeraWulf, providing a $1.8 billion safeguard for Fluidstack's lease commitments and acquiring an 8% equity stake [2] Financial Performance - In Q2 2025, TeraWulf reported revenue of $47.6 million, marking a 34% year-over-year increase [3] - The new AI contracts are expected to yield a site-level net operating income margin of 85%, contrasting with the lower margins associated with cryptocurrency mining [3] Future Outlook - TeraWulf plans to deploy an initial 40 MW of liquid-cooled capacity by the first half of 2026, with full deployment of 200 MW expected by the end of 2026 [3] - The company aims to develop its capacity at the Lake Mariner campus in New York, supported by a robust pipeline for future expansion [3]

Company Overview - MARA Holdings (NASDAQ: MARA) is identified as a significant player in the bitcoin mining sector, notable for its operational capacity and substantial BTC holdings [1]. Investment Perspective - The company is considered essential for investors interested in the bitcoin mining landscape, indicating its potential as a viable investment opportunity [1]. Analyst Background - The analysis is provided by a senior derivatives expert with over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1]. Market Insights - The analyst emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior, particularly in relation to central bank policies and sector dynamics [1]. Community Engagement - The goal of sharing insights is to foster collaboration among investors, enhancing confidence in long-term investing strategies [1].

Market Trends & Investment - SkyBridge Capital plans to tokenize $300 million in assets on Avalanche [1] - Bitmine bought another 52,475 ETH worth $220 million, bringing its total ETH holdings to 1,575,848 ETH ($6.6 billion) [1] - Bernstein predicts the crypto bull market could run through 2027, with Bitcoin reaching $150,000-$200,000 and altcoins like ETH and SOL driving the next phase [2] - Google increases stake in Bitcoin miner TeraWulf to 14%, becoming its largest shareholder [3] Regulatory Landscape & Policy - SEC Chair Atkins states the SEC is setting out to implement the President's Working Group on Digital Asset Markets' recommendations [1] - Wyoming becomes the first US state to launch a stablecoin, FRNT, backed by USD and Treasuries, though not yet available to the public [2] - South Korea's Financial Services Commission orders crypto exchanges to suspend new lending operations until proper guidelines are established [3] - Illinois governor signs two bills to protect crypto consumers [3] Stablecoin & IPO - Bullish received $1.15 billion in IPO proceeds settled in stablecoins, marking the first use of stablecoins in a U S initial public offering [1] Personnel Changes - Tether appoints Bo Hines, ex-White House Crypto Council exec, as Strategic Advisor for digital assets [2]