Core Viewpoint - Matador Technologies Inc. has successfully closed the first tranche of a secured convertible note facility, raising USD$10.5 million to purchase Bitcoin for its balance sheet [1][2]. Financing Details - The facility allows for an additional USD$89.5 million in follow-on drawdowns, contingent on regulatory approvals and specified conditions [2]. - The convertible notes bear an interest rate of 8% per annum, which will decrease to 5% after Matador uplists to NASDAQ or NYSE [2]. - Interest on the notes can be paid in cash, added to the principal, or converted into common shares [3]. Conversion and Maturity - All principal and interest under the notes can be converted into common shares, with a maximum of 19,842,083 shares available at a conversion price of USD$0.529178304 (CAD$0.72) per share [4]. - The notes will mature on December 7, 2027 [4]. Placement Agent and Fees - Joseph Gunnar & Co., LLC acted as the placement agent, receiving a total of USD$787,500 in fees and 992,104 broker warrants [6]. Strategic Objectives - Matador aims to acquire up to 1,000 BTC by 2026 and build its holdings to 6,000 BTC by 2027, with a long-term goal of holding approximately 1% of Bitcoin's total supply [8]. - The company is also pursuing a 24% ownership stake in HODL Systems, enhancing its position in the Bitcoin treasury space [9]. Company Overview - Matador Technologies focuses on holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network, aiming for long-term shareholder value and capital efficiency [7].

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TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. ("Matador" or the "Company") (TSXV: MATA, OTCQB: MATAF, FSE: IU3), the Bitcoin Ecosystem Company, announces that it has entered into a consulting agreement with Team Dyno Limited ("Dyno") dated effective October 29, 2025 (the "Agreement"), to provide investor relations services to the Company. Dyno will assist the Company in investor relations and business development strategy. The agreement is for a term of six (6) months, commencing on O ...

Core Insights - Matador Technologies Inc. has confidentially submitted a draft registration statement on Form 20-F to the U.S. SEC for a potential listing on Nasdaq as part of its long-term capital markets strategy [1][2] - The filing of the registration statement is a significant step for issuers seeking to register securities, but it does not guarantee approval or provide a timeline for effectiveness [2] - CEO Deven Soni emphasized the company's intent to broaden access to global investors while adhering to its Bitcoin-native treasury model [2] Company Updates - Sunny Ray, the President of Matador, has left the company effective September 24, 2025, to pursue new opportunities, and the company is searching for a successor [3] - Matador Technologies Inc. focuses on holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network, aiming to drive long-term shareholder value without dilution [4] Strategic Investments - Matador has expanded its global presence by investing in HODL Systems, securing up to a 24% ownership stake, which reinforces its position as a leading Bitcoin treasury company [5] - The investment in HODL Systems highlights Matador's commitment to the global adoption of Bitcoin as a reserve asset [5]

Cryptocurrency Market Expansion - Bitcoin's ecosystem is expanding, indicating growth and diversification within the cryptocurrency space [1] - $PTB (Portal to Bitcoin) has started trading on multiple exchanges, suggesting increased accessibility and market presence [1] Portal to Bitcoin Ecosystem Fund - The Portal to Bitcoin Ecosystem Fund aims to enable anyone to create markets on Bitcoin, fostering decentralization [1] - The total funding for the Portal to Bitcoin Ecosystem is $92 million [1] - $50 million is allocated to the Ecosystem fund, supporting the development of the Bitcoin ecosystem [1] - The ecosystem promotes trading, swapping, or exchanging without intermediaries, emphasizing peer-to-peer transactions [1]

Financial Performance - Total revenues for the second quarter of 2025 reached US$100.2 million, exceeding guidance and representing a 39.5% year-over-year increase [2][8] - Bitcoin mining revenues hit an all-time high of US$28.1 million, up 201.6% year-over-year, with 284 bitcoins mined at an average revenue of US$98,866 per bitcoin [3][10] - Gross profit surged to US$9.3 million, a significant turnaround from a gross loss of US$19.1 million in the same period last year [3][13] Operational Highlights - Total computing power sold was 6.4 million Terahash per second (TH/s), reflecting a 16.5% sequential increase and a 3.0% year-over-year rise [3][5] - The company's bitcoin treasury expanded to 1,511 bitcoins by July-end 2025, marking a strategic milestone in its long-term accumulation model [4][5] Strategic Initiatives - The company is focusing on core crypto businesses, including bitcoin mining machine sales and self-mining operations, while discontinuing its non-core AI semiconductor business unit [28][29] - A share repurchase program was authorized, allowing the company to repurchase up to US$30 million worth of its outstanding ADSs over six months, with US$2.4 million already utilized [32][34] Management Commentary - The CEO highlighted strong results amid macro headwinds, emphasizing proactive market expansion and solid execution [5] - The CFO noted solid sequential and year-over-year improvements, driven by higher average selling prices and increased computing power sold [6] Future Outlook - For the third quarter of 2025, the company expects total revenues to be in the range of US$125 million to US$145 million, reflecting near-term market conditions [38]

Core Insights - Matador Technologies Inc. is actively engaging with the Bitcoin and digital asset community through participation in various industry conferences and events throughout 2025 [2][3][4]. Recent Conference Attendance - Matador has attended several key events, including Consensus 2025, Bitcoin 2025 Conference, and Blockchain and Digital Assets Virtual Investor Conference, to connect with industry leaders and investors [4][5]. - The company aims to strengthen relationships across capital markets and the Bitcoin community through these engagements [3][4]. Upcoming Industry Engagements - Future events include Learning Bitcoin 2025, Economic Times World Leaders Forum 2025, and Bitcoin Asia 2025, which will focus on various aspects of Bitcoin and digital assets [5]. - The company is committed to building real-world infrastructure for Bitcoin, enhancing its usability and accessibility [6]. Strategic Initiatives - Matador is focused on holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network [7]. - The company has proposed an investment in HODL Systems, securing up to a 24% ownership stake, which reinforces its position in the Bitcoin treasury space [8]. Company Vision - Matador's strategy emphasizes strategic Bitcoin accumulation, product development, and participation in digital asset infrastructure to drive long-term shareholder value [7][9].

Core Insights - Matador Technologies Inc. has received final approval from the TSX Venture Exchange to transition to a hybrid "Technology / Investment" issuer, enabling it to operate flexibly within the Bitcoin economy [2][3][5] - The company now holds 77.4 Bitcoin and Bitcoin equivalents, including a recent acquisition of 8.4 BTC for CAD$1.2 million, and maintains a disciplined capital base of approximately CAD$5.3 million [5][6] - Matador is pursuing a strategic investment in HODL Systems, a digital asset firm in India, aiming for a 24% ownership stake, which is subject to TSXV approval [8][18] Business Strategy - The approval allows Matador to execute its strategy of scaling Bitcoin holdings, investing in Bitcoin infrastructure, and developing related digital asset technologies [3][4][12] - The company plans to deploy capital into Bitcoin-native technologies and markets, focusing on treasury management, custody, synthetic mining, and tokenization [13][12] - Matador's balance sheet reflects its core thesis that sound money infrastructure is essential for the next generation of financial services [7] Market Expansion - India is identified as a strategic market for Matador, with significant growth potential in technology infrastructure and digital financial services [9][11] - The investment in HODL Systems positions Matador to leverage India's growing investor base and interest in financial innovation [10][18] - The company aims to monetize its balance sheet through synthetic mining and yield generation while expanding its global footprint [12][13] Leadership and Governance - Matador's strategic direction is supported by a seasoned leadership team and a Strategic Advisory Board, including industry veterans [14] - The current Vice-President of Finance, Geoff St. Clair, will continue in his role, bringing extensive experience in finance and corporate development [15][16]