Core Viewpoint - LM Funding America, Inc. has successfully energized its second BC40 Elite immersion cooled Foghashing unit, increasing its total hashrate to approximately 785 PH/s, reflecting the company's commitment to efficient Bitcoin mining operations [1][2]. Company Operations - The company operates as a Bitcoin treasury and mining firm, with a focus on cost-efficient growth in its mining operations [2][3]. - As of December 31, 2025, LM Funding holds 356.3 Bitcoin, valued at approximately $34.4 million, equating to about $1.60 per share based on a Bitcoin price of $96,500 as of January 14, 2026 [2][5]. Financial Performance - The company's share price was reported at $0.47 on January 14, 2026, indicating a significant difference between the Bitcoin value per share and the market price [2][5]. - The company operates with approximately 24 MW of powered capacity, achieving its highest energized and most efficient levels to date [2].

Core Insights - Bitdeer Technologies Group (NASDAQ:BTDR) is recognized as a leading investment opportunity in the cryptocurrency and blockchain sector, particularly due to its impressive operational results in December 2025, which included a 339% year-over-year increase in Bitcoin mined, totaling 636 Bitcoins, and a 21% month-over-month increase [1]. Group 1: Operational Performance - The company achieved a self-mining hashrate of 55.2 Exahash per second, contributing to the significant increase in Bitcoin mining [2]. - Bitdeer surpassed 55 EH/s, marking a key operational milestone, with plans for continued growth through 2026 as additional proprietary mining rigs are deployed [3]. - As of the end of 2025, Bitdeer held 2,017 Bitcoins, excluding customer deposits, indicating a strong asset position [4]. Group 2: Technological Advancements - Bitdeer is advancing its AI capabilities by converting several crypto mining facilities into AI data centers located in Norway, Washington, and Tennessee [4]. - The company is focused on building significant AI infrastructure utilizing NVIDIA GPUs for advanced computing, alongside its Bitcoin mining operations [5].

Core Viewpoint - CleanSpark Inc. (NASDAQ:CLSK) is recognized as a promising long-term investment, particularly due to its strategic pivot towards AI data centers and its strong position in Bitcoin mining [1][2][3]. Group 1: Company Overview - CleanSpark operates as a Bitcoin mining company in the Americas, owning, leasing, and managing data centers and power assets [4]. - The company currently has approximately 50 EH/s of mining capacity in the US [1]. Group 2: Strategic Developments - Northland initiated coverage of CleanSpark with an Outperform rating and a price target of $22.50, emphasizing the company's diversification into HPC and AI data centers [1][3]. - Maxim Group also initiated coverage with a Buy rating and a price target of $22, highlighting CleanSpark's shift from Bitcoin mining to AI data centers to meet rising infrastructure demand [2]. - The company has acquired a 285MW site in Texas and secured approximately 1.5GW of contracted power by November 2025, providing a competitive edge over rivals facing approval delays [3].

Core Insights - Riot Platforms has made significant moves in the Bitcoin mining and data center sector, including a long-term lease with AMD and a land purchase in Rockdale, Texas, which highlights its AI ambitions [1][4]. Company Developments - Riot Platforms' stock increased by 16.05% to close at $19.23, following the announcement of a data center lease with AMD and a land acquisition [2]. - The company purchased 200 acres of land for $96 million, utilizing 1,080 of its Bitcoin holdings to finance the transaction [4]. - Riot has signed a 10-year data center lease with AMD, which includes a contract worth $311 million to provide up to 200 megawatts of IT load capacity [4]. Market Response - The trading volume for Riot Platforms reached 53.4 million shares, significantly above its three-month average of 19.7 million shares, indicating strong investor interest [2]. - Other companies in the Bitcoin mining sector, such as Mara Holdings and Hut 8, also saw stock increases, reflecting a positive market sentiment towards recent developments in the industry [3]. Future Potential - If AMD exercises all options in the contract, the total value could rise to approximately $1 billion, showcasing the potential for growth in Riot's data center hosting business [5].

Core Insights - Canaan reported a record revenue of $150 million in the latest quarter, marking a 104% year-over-year increase and a 50% quarter-over-quarter increase, with guidance for Q4 revenue between $175 million and $205 million [5][6][7] Company Overview - Canaan, founded in 2013, specializes in designing ASICs for bitcoin mining and has developed 16 generations of these chips, which have displaced GPU and CPU mining due to their higher efficiency [2][20] - The company operates close to 1% of the global hash rate and has sold products in 86 countries [1][20] Product Development - Canaan launched its next-generation Avalon A16 and A16 XP miners, achieving energy efficiency as low as 12.8 J/TH, and is expanding its consumer "home mining" units [5][10] - The company offers a range of mining machines, including air-cooled and hydro-cooled systems, and has patents related to immersion-cooled systems [11][12] Revenue Diversification - The business model is shifting, with approximately 70% of revenue from machine sales, 20% from self-mining, and 8% from home mining equipment sales [4][7] - Self-mining operations are primarily structured through partnerships, with a reported gross margin of 26.3% [13] Financial Performance - Canaan's gross profit for the latest quarter was $16.6 million, up 79% quarter-over-quarter, while the operating loss narrowed to $23.9 million [9] - The company held approximately 1,750 BTC at year-end, with a bitcoin treasury of 1,610 bitcoins as of October 30 [9][14] Strategic Initiatives - Canaan is involved in nine mining projects across the U.S., Ethiopia, and Canada, focusing on alternative energy initiatives such as gas-to-compute and greenhouse heat reuse [4][15][14] - The company has launched a share buyback program, believing its shares are undervalued [19] Market Position - Canaan is positioned as a second provider in terms of hash rate delivered, gaining market share due to machine durability and maintenance support [19] - The company has manufacturing facilities in California, Malaysia, and China, which helps mitigate tariff risks [17]

As filed with the U.S. Securities and Exchange Commission on January 15, 2026 Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DMINT, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | | --- | incorporation or organization) Classification Code Number) Identification No.) Delaware 6199 87-2345483 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer 11 ...

Summary of Canaan Inc. Conference Call Company Overview - **Company Name**: Canaan Inc. - **Ticker**: CAN - **IPO Year**: 2019 - **Industry**: Cryptocurrency and Bitcoin mining equipment manufacturing - **Headquarters**: Singapore - **Employee Count**: Over 20 in the U.S. as of 2021, with operations in various states [4][5] Key Financial Highlights - **Q3 Revenue**: $150 million, exceeding guidance of $125-$145 million - **Year-over-Year Revenue Growth**: 104% - **Quarter-over-Quarter Revenue Growth**: 50% - **Gross Profit**: $16.6 million, representing 79% quarter-over-quarter growth - **Operating Loss**: Narrowed to $23.9 million - **Bitcoin Treasury**: 1,610 Bitcoins as of October 30th, 2025 - **Average Selling Price for Machines**: $11.80 per terahash per second - **Fourth Quarter Revenue Guidance**: $175 million - $205 million [13][14][29] Product and Market Position - **ASIC Development**: Developed 16 generations of ASICs, leading to high efficiency and computing power [7][8] - **Market Share**: Positioned as the second provider in terms of hash rate delivered, gaining market share due to durable machines and transparency as a public company [41] - **Sales Channels**: Products sold in 86 countries through online and offline channels [10] - **Self-Mining Operations**: Generated revenue from both machine sales and self-mining, with a self-mining gross margin of 26.3% [10][20] Strategic Initiatives - **Vertical Integration**: Focus on ASIC design, manufacturing, and self-mining to manage inventory and cash flow [10][12] - **HODL Policy**: Bitcoin mined is used to cover expenses, with the remainder held on the balance sheet [11][25] - **Joint Ventures**: Collaborations with third parties for self-mining operations, including a 20-megawatt hosting agreement in Texas [25][26] - **Sustainability Initiatives**: Projects like gas-to-computing pilot in Alberta and greenhouse heating solutions to recycle heat from mining operations [21][27] Industry Dynamics - **Regulatory Environment**: The current regulatory landscape is more favorable compared to the time of the IPO [4] - **Market Competition**: Increasing competition in the Bitcoin mining market, with a focus on maintaining operational efficiency and customer relationships [22][36] - **Power Market Trends**: The shift towards AI data centers may impact Bitcoin mining power availability, but mining operations have established relationships with power providers [36][40] Risks and Challenges - **Tariff Risks**: Potential changes in tariffs could impact competitiveness, but U.S. manufacturing helps mitigate these risks [13][33] - **Market Volatility**: Bitcoin price fluctuations can affect mining profitability and operational decisions [22][39] Additional Insights - **Customer Preferences**: U.S. customers prefer machines assembled in the U.S. to avoid tariff issues [13][34] - **Home Mining Solutions**: Introduction of consumer-friendly mining equipment aimed at individual users and small businesses [15][19] - **Future Outlook**: Anticipation of continued growth in Bitcoin mining and machine sales, with a focus on innovation and sustainability [24][27] This summary encapsulates the key points discussed during the conference call, highlighting Canaan Inc.'s financial performance, strategic initiatives, market position, and industry dynamics.

Core Insights - The report from BlocksBridge Consulting indicates a continuous decline in the block share of North American Bitcoin mining pools, projected to reach 35% by December 2025, down from over 40% in January of the previous year [1] Industry Trends - The combined block share of the top three mining pools in North America—Foundry USA, MARA Pool, and Luxor Technologies—has decreased to approximately 35% [1] - The shift of U.S. mining companies towards investing in AI data center infrastructure is impacting the profitability of Bitcoin mining [1] - This transition is creating opportunities for hash power to return to regions like China [1]

Core Insights - The U.S. is losing its dominance in Bitcoin mining as firms shift focus towards building infrastructure for artificial intelligence, creating opportunities for countries like China [1] Group 1: Bitcoin Mining Trends - In 2025, North American mining pools saw a decline in block share from over 40% in January to 35% by December, indicating a consistent drop in the percentage of total Bitcoin blocks successfully mined [2] - Bitcoin miners generated an average daily revenue of $38,700 per EH/s in December, reflecting a 32% year-over-year decline, highlighting record low profitability due to rising energy prices [7] Group 2: Industry Shifts and Developments - Hut 8, originally focused on Bitcoin mining, is transitioning to an energy infrastructure company and plans to collaborate with AI firm Anthropic for data center development [5] - The decline in profitability among Bitcoin miners has led to a shift towards addressing the needs of AI firms, as noted by Luxor Technology's CEO [8] Group 3: Political Context - Former President Trump's call for all remaining Bitcoin to be mined in the U.S. emphasizes his vision for a thriving industry, despite skepticism about its feasibility [3] - The Trump family is actively involved in the Bitcoin mining sector, with Eric and Donald Trump Jr. co-founding American Bitcoin, which operates a facility in Texas [4][6]

Group 1 - The document does not contain any relevant information regarding companies or industries [2][3][5][6]