⚡️ UPDATE: Cango marked one year as a Bitcoin miner with Q3 revenue of $224.6M, and 1,930.8 $BTC mined. https://t.co/ZRUUsGvDgt ...

This homeowner connected the hot exhaust from Bitcoin mining computers into the home’s HVAC return, recycling the waste into a heat source that warms the house while earning bitcoin through winter.https://t.co/4TKHHP0srf ...

Iren Limited (NASDAQ:IREN) is one of the best upside stocks to buy now. On November 24, JPMorgan raised the firm’s price target on Iren to $39 from $28 and kept an Underweight rating on the shares. The recent surge in M&A activity within the HPC sector has led JPMorgan to have greater confidence in Bitcoin mining companies, such as Iren. This increased conviction is attributed to the bank’s use of higher valuation assumptions for the miners, which are based on viewing them as integrated cloud businesses. ...

USDT stablecoin issuer Tether is halting its Bitcoin mining operations in Uruguay due to high energy costs, local media has reported. https://t.co/g2hknCEgM7 ...

🇺🇾 UPDATE: Tether is shutting down Bitcoin mining operations in Uruguay, amid high energy costs and a $4.8M dispute with state utility UTE. https://t.co/90rRGiReXH ...

This engineer built a self sustaining greenhouse that turns heat of Bitcoin mining computers into food. A modified S19j Pro warms crawfish tanks, sweet potatoes and spinach in a closed-loop system where crawfish waste feeds plants and plants clean water.https://t.co/ifZkc20enF ...

Bitcoin miners and mining are required for new bitcoins to enter into circulation. Mining is also a critical component of the security of the blockchain ledger. https://t.co/aGZ5LBjnOm ...

Local Georgia television news reports Bitcoin mining could bring in tax money and jobs to the community. https://t.co/5rU2LxwOS9 ...

Financial Data and Key Metrics Changes - CleanSpark achieved record revenues of $766 million for fiscal year 2025, representing over 100% year-over-year growth [19] - Gross margin was 55%, a slight decrease of 1% year-over-year, which is notable given it was the first full year post-Bitcoin halving [8][19] - Adjusted EBITDA exceeded $800 million, with a normalized adjusted EBITDA from operations of approximately $305 million, reflecting a net margin of about 40% [20] - The company produced nearly 8,000 Bitcoin during the fiscal year, with an average marginal cost per Bitcoin slightly below $43,000 and average revenue per Bitcoin around $98,000 [19][20] Business Line Data and Key Metrics Changes - The Bitcoin treasury grew by nearly 62% to over 13,000 Bitcoin, generated entirely from the company's own hash rate [9] - The operational hash rate reached 50 exahash per second, with 100% U.S.-based infrastructure [8] - The company is deploying 19,000 S21 XP immersion units, expected to be completed in Q1 2026 [9][10] Market Data and Key Metrics Changes - CleanSpark's operational efficiency improved significantly, contributing to consistent gross margins despite market fluctuations [20] - The company is strategically positioned to support the growing demand for AI compute alongside Bitcoin mining [7][8] Company Strategy and Development Direction - CleanSpark is evolving into a digital infrastructure platform, focusing on opportunities in generative AI, grid balancing through Bitcoin mining, and high-performance computing [5][6] - The company aims to diversify revenue streams and enhance margins through a blended approach to monetizing its portfolio [8] - A significant focus is on securing tenants for AI campuses while expanding land and power capabilities [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about demand in the HPC-AI space, citing strong inquiries for their facilities [43] - The company is confident in its ability to navigate market volatility and capitalize on opportunities due to its strong financial position [44] - CleanSpark is committed to maintaining operational excellence and leveraging its infrastructure-first model to maximize value [36][38] Other Important Information - CleanSpark completed its largest financing ever with a $1.15 billion upsized 0% convertible note, which included a stock buyback of $460 million [17][33] - The company has secured a 285 MW site in Texas for AI factory development, with a multi-gigawatt pipeline of additional opportunities [12][13] Q&A Session Summary Question: Can you provide insight into client conversations and demand outlook for HPC-AI? - Management reported extensive discussions with potential clients, including strong interest in their Texas and Georgia sites, indicating robust demand in the HPC-AI space [43][44] Question: How does the company view pairing Bitcoin mining with HPC campuses? - Management sees potential in blending Bitcoin mining with HPC to provide power usage versatility, which could enhance operational flexibility [45][48] Question: What key milestones should investors look for in 2026 regarding HPC strategy? - Management highlighted the importance of the Texas and Sandersville sites, which are positioned for rapid deployment to meet 2026 demand [51][52] Question: What are the near-term expansion plans for Bitcoin mining? - The company plans to migrate Bitcoin mining operations to more remote locations, prioritizing efficiency and favorable utility rates [56][58] Question: How does the company plan to utilize its Bitcoin balance strategically? - Management intends to monetize the Bitcoin stack through yield strategies and opportunistic borrowing, maintaining flexibility in capital management [66] Question: What is the economic impact of the MOU with Submer? - The partnership with Submer is expected to enhance speed to market and reduce costs for AI and HPC infrastructure development [70][71]

Market Trends & Global Relations - Donald Trump and President Xi are planning to visit each other later this year, indicating potential impacts on international trade and economic policies [1] - Bitcoin mining is quietly resurging in China, now accounting for approximately 14% of global hashrate [2] Cryptocurrency Market Dynamics - Bitcoin open interest experienced its sharpest 30-day drop since 2022, suggesting a significant market reset that often precedes bottom formation [1] - BitMine Immersion increased its treasury to 363 万 ETH (3.63 million ETH) after adding 69,822 ETH last week [2] - Arthur Hayes does NOT expect $BTC to drop below $80,000, reflecting a bullish outlook on Bitcoin's future value [3] Security & Risks - Over 400 NPM packages, including key ENS and crypto libraries, were affected by a worm-style attack, compromising developer credentials and wallet keys [2] - The ECB warns that fast-growing stablecoins could create spillover risks for traditional finance if a major run hits the market [2] Technology & Investment - Amazon is investing up to 500 亿 美元 (50 billion USD) to enhance U S government AI and supercomputing systems [1] - Five spot altcoin ETFs are expected to list in the next six days, with more anticipated soon, signaling increased institutional interest in altcoins [3] Industry News - CZ denies rumors about Jackie Chan playing him in a Netflix documentary, clarifying misinformation in the crypto space [3]