Core Insights - BIT Mining Limited reported a significant decline in financial performance for the six months ended June 30, 2025, with total revenues of US$11.0 million, down 43.3% from US$19.4 million in the same period of 2024 [11][20][30] - The company is strategically shifting its focus towards the Solana ecosystem, having acquired $7.1 million worth of SOL and launched a self-operated validator node [3][24] Financial Performance - Revenues for the self-mining business were US$4.6 million, while the data center business generated US$6.4 million [6] - Operating costs and expenses increased to US$24.5 million, up 12.4% from US$21.8 million in the previous year [12] - The operating loss was US$13.9 million, compared to a loss of US$0.5 million in the same period of 2024 [18][30] - Net loss attributable to BIT Mining was US$13.9 million, a stark contrast to a net income of US$18.9 million in the prior year [20][21] Cryptocurrency Operations - The total hash rate capacity for DOGE/LTC mining machines was approximately 8,149.73 GH/s, producing 10.5 million DOGE and 2,980 LTC [7] - The BTC mining operations produced 17.3 BTC, generating approximately US$1.7 million in revenue [9] - The company reported a decrease in cryptocurrency assets to US$3.6 million as of June 30, 2025, down from US$9.6 million at the end of 2024 [23] Data Center Operations - The Ohio Mining Site's 82.5 megawatt space generated approximately US$6.4 million in service fee revenue, a decrease of US$3.9 million compared to the previous year [10] - The decline in revenue was attributed to discounts on hosting fees to retain customers [10] Strategic Initiatives - The company completed the acquisition of a 51% equity interest in a cryptocurrency mining data center in Ethiopia and is expanding its operations into the Solana ecosystem [2][3] - BIT Mining aims to optimize treasury efficiency and support its strategic shift towards sustainable value creation [24]

U.S. social media company Thumzup (NASDAQ: TZUP) has completed a secondary public offering under an effective shelf registration, raising approximately $50 million to expand into cryptocurrency mining and acquire a diversified reserve of digital assets, including BTC, ETH, SOL, XRP, and LTC. https://t.co/MFn6ZFmHkQ ...

Core Viewpoint - Abits Group Inc reported a half-year operating profit of $2.138 million for the period ending June 30, 2025, marking a nearly 6% improvement from the previous year despite a significant reduction in bitcoin mining output due to halving rewards [1][2]. Financial Performance - The average price of bitcoins increased to $95,843 in 2025 from $59,628 in 2024, which helped offset the decline in mining output [2]. - The company recorded a loss before interest and taxation of $0.25 million, compared to a loss of $0.14 million in 2024, primarily due to higher depreciation charges [2]. - The operating result before taxation was a loss of $0.34 million, up from a loss of $0.14 million in the same period last year [2]. Mining Operations - The main mining site in Duff, Tennessee is operating optimally with a load of 12mW and an output of approximately 500 pH/s [3]. - The company successfully installed two water wells, reducing water bills by $25,000 per month [3]. - The Memphis hosting facility, which operates under a joint venture, has installed about 2,600 S19XPs since April 2025, contributing an output of approximately 300 pH/s [4]. Cash Flow and Assets - The company sold 27.15 bitcoins for $1.96 million as of June 30, 2025, to meet working capital requirements [5]. - An external loan of $3.0 million was taken in March 2025 to finance the Memphis hosting facility [5]. - As of June 30, 2025, total current assets were $687,934, down from $1,677,636 at the end of 2024 [9]. Future Outlook - The company anticipates an improvement in the second half of 2025 as the Memphis hosting facility becomes fully operational, provided there are no sharp declines in bitcoin prices [6].

Company Overview - Digi Power X Inc. is an innovative energy infrastructure company focused on developing data centers to support the expansion of sustainable energy assets [2][3]. Financial Results Announcement - The company plans to announce its financial results for the quarter ended June 30, 2025, after markets close on August 14, 2025 [2]. Operations Update - Along with the Q2 2025 interim financial results, the company will provide an update on its operations [2]. Forward-Looking Information - The news release contains forward-looking information regarding expectations for patent issuance, deployment of NVIDIA Blackwell 200 GPUs, and potential improvements in profitability and efficiency [4][5]. - The company anticipates long-term growth and a clean energy strategy as part of its business goals [4]. Risks and Assumptions - Factors that could affect actual results include uncertainties related to patent applications, equipment delivery timelines, capital needs, and cryptocurrency market volatility [4][5]. - The company has made several assumptions regarding profitability in cryptocurrency mining, the ability to liquidate digital currency inventory, and maintaining reliable power sources [5].

Time to mine your own. https://t.co/OHjldxCMTx ...

Core Insights - The company reported a Bitcoin treasury valued at approximately $17.8 million as of July 31, 2025, equating to $3.46 per share based on a Bitcoin price of around $118,100 [1][3]. Bitcoin Mining Operations - In July 2025, the company mined 5.9 Bitcoin, a 7% increase from June 2025's 5.5 Bitcoin [2]. - The company sold 11.0 Bitcoin in July 2025, compared to 5.0 Bitcoin sold in June 2025 [2]. - The company's Bitcoin holdings decreased from 155.5 Bitcoin in June 2025 to 150.4 Bitcoin in July 2025 [2]. Operational Capacity - The total number of operational machines remained constant at 4,320 in both June and July 2025 [2]. - The total number of machines, including storage, was 5,538 in both months [2]. - The company's hashrate remained stable at 0.60 EH/s in July 2025 [2]. Financial Performance - The company experienced a 20% growth in energy revenue in July 2025, attributed to the reinvestment of treasury assets into operations [3]. - The stock share price was reported at $2.12 as of July 31, 2025 [3].

Core Viewpoint - BTC Digital Ltd. is urging shareholders to vote ahead of the rescheduled extraordinary general meeting on August 22, 2025, emphasizing the importance of participation from shareholders with smaller positions to ensure the approval of the company's proposals [1][2][6]. Company Information - BTC Digital Ltd. is a blockchain technology company focused on creating value in the metaverse, blockchain, and cryptocurrency mining sectors. The company aims to develop blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool operations, and miner accessories [3]. Meeting Details - The extraordinary general meeting will take place on August 22, 2025, at 9:30 a.m. Eastern Time, with no changes to the physical location, record date, or proposals to be acted upon [1][3]. - Shareholders who held BTCT shares on June 27, 2025, retain their voting rights, even if they have sold their shares since that date [2][6]. Proxy Solicitation - The company has engaged Advantage Proxy, Inc. to assist in soliciting proxies from shareholders prior to the meeting. The total fee for this service is $11,500, plus associated disbursements [4]. - The company will cover all costs related to the solicitation of proxies from its working capital [4]. Voting Importance - The majority of votes received so far are in favor of the company's proposals, but more votes are needed to reach the quorum required to hold the meeting. Every vote is crucial to avoid further delays and additional solicitation costs [6].

Core Insights - CleanSpark (CLSK) is set to report its third-quarter fiscal 2025 results on August 7, with expected revenues of $195.1 million, indicating an 87.4% year-over-year increase [1] - The consensus estimate for earnings is at break-even, which is a 2-cent improvement compared to the previous 30 days, while the company reported earnings of 1 cent in the same quarter last year [1] Financial Performance - CleanSpark has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average negative earnings surprise of 59.29% [2] - The company produced a total of 2,012 Bitcoins in fiscal Q3, with total holdings reaching 12,608 as of June 30 [8] Strategic Factors - The fiscal third-quarter performance is anticipated to benefit from strategic investments in energy-efficient infrastructure, with a total contracted power capacity of approximately 915 megawatts across the U.S. [4] - CleanSpark's hashrate reached a record 50 EH/s in the upcoming quarter, with operating mining units capable of producing over 42.4 EH/s [5] Monetization Strategy - The transition from a nearly 100% HODL Bitcoin treasury approach to a balanced monetization strategy has been a key catalyst, with the company selling 578.51 Bitcoins in the upcoming quarter [6] - The focus on achieving a low marginal cost per Bitcoin is expected to enhance profitability in the fiscal third quarter [6] Earnings Expectations - CleanSpark currently has an Earnings ESP of +2000.02% and a Zacks Rank of 2, indicating a strong likelihood of an earnings beat [7]

🚨 CMC News: BTC Mining Difficulty Hits Record High Before Expected Drophttps://t.co/tTZlE4AIYv ...

Core Viewpoint - Digi Power X Inc. reported significant growth in Bitcoin production and financial performance for July 2025, alongside advancements in its AI infrastructure and energy efficiency initiatives [1][7][10]. Financial Performance - As of July 31, 2025, the company held approximately $30 million in cash, Bitcoin, Ethereum, and cash deposits, marking a 122% increase from $13.5 million on June 30, 2025 [7]. - The company's Bitcoin inventory increased from approximately 40 coins to 61 coins, representing a 51% growth over the previous month [7]. - The total value of coins produced in July 2025 was approximately $4.3 million, with miners producing around 23 BTC valued at approximately $2.7 million [7]. - Gross energy and power revenue for July 2025 was approximately $1.6 million [7]. Operational Updates - The company is actively participating in load curtailment programs to reduce Bitcoin mining costs, which have been historically high during summer [2]. - Digi Power X operates with approximately 100MW of available power across three sites and aims to expand capacity to 200MW and beyond [12]. - The company has invested approximately $5.2 million year-to-date in capital expenditures and mining infrastructure support equipment [7]. Technological Developments - Digi Power X's subsidiary filed a provisional patent for the ARMS 200, a Tier 3-certified platform designed for high-density GPU workloads [4]. - Each ARMS 200 platform is designed to deliver 1 megawatt of compute and support up to 256 NVIDIA GPUs, with the first deployment scheduled at the Alabama site [5]. - The company executed a purchase order with Super Micro Computer Inc. for NVIDIA B200-powered systems to be deployed within the ARMS 200 infrastructure [8]. Future Initiatives - The company plans to scale its Bitcoin mining capacity through next-generation hydro-powered mining systems and advanced cooling technologies, expected to be operational by Q1 2026 [10]. - Digi Power X is in discussions to launch pilot testing programs for its GPU-as-a-Service platform, NeoCloud™, in Q4 2025 [9].