Cango (NYSE: CANG), a Bitcoin (BTC) mining company, said it sold 4,451 BTC over the weekend, generating net proceeds of about $305 million as it moves to reduce leverage tied to a bitcoin-collateralized loan. The company said on Feb. 9 the transaction was settled in Tether’s USDT stablecoin, with the full amount used to pay down debt backed by its Bitcoin holdings. Related: Popular crypto company exits Bitcoin amid crash The move comes as mining economics remain volatile and reflects what the company de ...

Core Insights - The year 2025 was a pivotal chapter for Cango, marking a strategic transformation towards becoming a leading Bitcoin miner and setting the stage for future opportunities in AI compute infrastructure [1][2]. Company Strategy - Cango has executed a disciplined entry into the Bitcoin mining industry, achieving a hashrate efficiency of 50 EH/s and securing 50 MW of energy infrastructure while transitioning to a direct NYSE listing [2][3]. - The company has made treasury adjustments to strengthen its balance sheet and reduce financial leverage, enhancing its capacity for strategic expansion into AI compute infrastructure [3]. Transition to AI Compute - Cango's global mining operations and infrastructure provide a pathway to meet the growing demand for AI compute, addressing the "Power Gap" between compute demand and existing grid capacity [4]. - The transition to AI compute will follow a three-phase roadmap: - Near Term: Standardization and deployment of modular GPU compute nodes for rapid market entry [5]. - Medium Term: Deployment of a proprietary software platform to manage distributed compute capacity [6]. - Long Term: Growth into a mature global AI infrastructure platform, activating underutilized power across the mining ecosystem [7]. Ecosystem Development - Cango aims to create broader ecosystem value by positioning itself as an "Ecosystem Enabler," leveraging underutilized energy infrastructure from the Bitcoin mining industry for AI needs [11]. - The company has established EcoHash Technology LLC to advance its AI compute initiatives, assembling a dedicated team for technical execution [8]. Value Creation - The shift towards a technology-driven infrastructure platform is expected to open new recurring revenue streams, building a resilient business model that complements existing mining operations [13]. - Cango recognizes that the transition from mining to AI compute is a long-term journey, requiring sustained effort and clear execution of its roadmap [14].

Iren's pivot from Bitcoin mining to Microsoft-backed AI infrastructure is redefining its long-term narrative, today, Feb. 6, 2026.NASDAQ : IRENIrenToday's Change( 5.23 %) $ 2.08Current Price$ 41.87Key Data PointsMarket Cap$13BDay's Range$ 36.52 - $ 44.2052wk Range$ 5.13 - $ 76.87Volume2.6MAvg Vol40MGross Margin31.17 %Iren (IREN +5.23%), a vertically integrated data center operator originally focusing on Bitcoin (BTC +10.82%) mining, closed Friday at $41.83, up 5.13%. The stock rebounded as investors reasses ...

Here's what I think about IREN Limited ( IREN ). The headline numbers this quarter still show us a business that is mostly Bitcoin mining, even though that is no longerI hold a Master’s degree in Cell Biology and began my career working for several years as a lab technician in a drug discovery clinic, where I gained extensive hands-on experience in cell culture, assay development, and therapeutic research. That scientific foundation gave me an appreciation for the rigor and challenges behind drug developmen ...

吴说获悉，据 Lookonchain 监测，比特币矿企 Marathon Digital Holdings（MARA）在过去约 10 小时内 向 Two Prime、BitGo 及 Galaxy Digital 转出合计 1,318 枚 BTC，约合 8689 万美元。目前仍持有 52850 枚 BTC，约合 34.4 亿美元，位居全球第二。 （来源：吴说） ...

CleanSpark (NasdaqCM:CLSK) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsBrian Dobson - Brian Dobson is Managing Director of Disruptive Technology Equity ResearchGary Vecchiarelli - President and CFOHarry Sudock - Chief Business OfficerMatt Schultz - Chairman and CEOConference Call ParticipantsGareth Gacetta - Equity Research AnalystGreg Lewis - Managing Director and Energy and Infrastructure AnalystJim McIlree - Senior Research AnalystJohn Todaro - Senior Equity Research AnalystMi ...

CleanSpark (NasdaqCM:CLSK) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsBrian Dobson - Brian Dobson is Managing Director of Disruptive Technology Equity ResearchGary Vecchiarelli - President and CFOHarry Sudock - Chief Business OfficerMatt Schultz - Chairman and CEOMike Grondahl - Head of Equities and Director of ResearchConference Call ParticipantsGareth Gacetta - Equity Research AnalystGreg Lewis - Managing Director and Energy and Infrastructure AnalystJim McIlree - Senior Resea ...

CleanSpa (B) France Holly FY2026 FIRST QUARTER EARNINGS CALL F Y 2 0 2 6 Q 1 E A R N I N G S C A L L S A F E H A R BO R S TATE M EN T This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this presentation, forward-looking statements include, but may not be limited to, statements regarding the Company's evolving business strategy to expand into the market for high-performing computing ("HPC") and artificial intelligence ("AI") an ...

Core Insights - CleanSpark, Inc. reported a significant expansion in its power capacity and AI-ready site portfolio, securing up to 890 MW of utility-grade power capacity in Texas and Georgia [1][2] - The company emphasized its strong balance sheet and diversified business model, moving beyond solely bitcoin mining to include infrastructure for AI and digital asset management [2] Financial Performance - Quarterly revenues reached $181.2 million, marking an increase of $18.9 million or 11.6% from the previous year [5] - The net loss for the quarter was $378.7 million, translating to a loss of $1.35 per basic share, compared to a net income of $246.8 million or $0.85 per basic share in the same period last year [5][17] - Adjusted EBITDA decreased to a loss of $295.4 million from a profit of $321.6 million in the prior year [5][19] Balance Sheet Highlights - As of December 31, 2025, the company had working capital of $1.3 billion and total assets of $3.3 billion [4][15] - Total liabilities amounted to $1.9 billion, with long-term debt at $1.8 billion [5][15] - Stockholders' equity was reported at $1.4 billion, down from $2.2 billion in the previous quarter [15] Operational Developments - The company is advancing its Sandersville site with the acquisition of an additional 122-acre parcel, aimed at supporting AI tenancy [2] - CleanSpark's bitcoin mining operations continue to generate cash flows, which are being reinvested into long-duration infrastructure opportunities [2] Strategic Direction - CleanSpark is transitioning to a multi-faceted infrastructure platform, with earnings streams from bitcoin mining, AI infrastructure, and digital asset management [2] - The company aims to optimize capital allocation to maximize returns, a strategy considered rare in the current market [2]

HIVE (NASDAQ: HIVE) mined 297 Bitcoin in January, representing a 191% increase compared to the same month last year, according to a company press release on Wednesday. The company also grew its hashrate to a peak of 23.7 and an average of 22.2 EH/s, with the latter representing a 290% jump year-over-year. Hive’s fleet efficiency improved to 17.5 J/TH. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you li ...