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Bloomberg· 2025-07-01 00:08
A cryptocurrency venture associated with President Donald Trump’s family raised $220 million to buy Bitcoin and digital asset mining equipment, according to a filing Monday https://t.co/KGBFabTShN ...
ATIF Holdings Limited Announces Strategic Diversification to Bitcoin Business
Globenewswire· 2025-06-05 10:00
Core Insights - ATIF Holdings Limited is expanding into the Bitcoin sector with a five-year plan to accumulate 1,000 BTC through direct purchases and mining operations [1][3] - The company has chosen West Texas for its mining operations due to favorable regulatory conditions, affordable land, and competitive electricity costs [1][2] - The CEO emphasized Bitcoin as a long-term store of value and a strategic asset for growth, highlighting the importance of energy efficiency and sustainable operations in their mining facilities [2] Company Strategy - The company plans to implement a hybrid approach that includes both direct acquisition of BTC in the open market and the establishment of proprietary mining facilities [1][6] - ATIF Holdings aims to optimize cost control and scalability by focusing on energy-efficient mining operations [2] Industry Context - The move into Bitcoin mining represents a significant evolution in ATIF Holdings' business model, showcasing its commitment to innovation and long-term value creation in emerging technologies [3] - The broader industry trend is towards responsible and forward-looking crypto infrastructure development, which aligns with the company's planned operations [2]
AGRIForce Reports Milestone Achievement: Over Five Bitcoin Mined from Alberta and Ohio Operations
Globenewswire· 2025-05-06 16:20
Core Insights - AgriForce Growing Systems Ltd. has successfully mined over five Bitcoin in less than six months, showcasing rapid deployment and operational efficiency [1][2][3] - The company has generated nearly $500,000 worth of Bitcoin from its mining operations, indicating a strong revenue generation capability from digital assets [2][3] - AgriForce is finalizing the deployment of 500 additional ASIC miners in Ohio, which is expected to enhance site optimization and operational capacity [2][4] Company Performance - The achievement of mining five Bitcoin demonstrates the company's ability to quickly mobilize resources and convert capital investment into digital asset production [3][4] - The company has established three high-performance mining sites with a total installed capacity of six megawatts, reinforcing its position in the North American digital asset landscape [2][3] - AgriForce aims to reach a target of one exahash by Q1 2026, indicating a strategic focus on scaling its operations and increasing Bitcoin output [3][4] Strategic Direction - The company plans to continue its acquisition strategy to expand its mining operations, leveraging energy-efficient infrastructure and modular deployment [4] - AgriForce's current strategy has proven effective, positioning the company for sustained growth in the digital asset sector [4] - The focus on building scalable, high-yield mining operations across North America reflects the company's commitment to innovation and efficiency in the digital energy space [4][5]
Coeptis Therapeutics, Inc. and Z Squared Inc. Announce Merger Agreement
Newsfilter· 2025-04-25 12:33
Core Viewpoint - Coeptis Therapeutics Holdings, Inc. and Z Squared Inc. have entered into a definitive merger agreement, resulting in Z Squared becoming a wholly-owned subsidiary of Coeptis, with a focus on Dogecoin mining and a planned spin-out of Coeptis' biopharmaceutical operations [1][5][10] Company Overview - Coeptis Therapeutics is a biopharmaceutical and technology company that develops innovative cell therapy platforms for cancer, autoimmune, and infectious diseases [1][6] - Z Squared Inc. specializes in digital asset mining, primarily focusing on Dogecoin, which has a market capitalization exceeding $20 billion [2][10] Merger Details - The merger will involve a wholly-owned subsidiary of Coeptis merging with Z Squared, with Z Squared shareholders receiving equity in Coeptis in exchange for 9,000 U.S.-based Dogecoin mining machines [1] - The transaction is expected to close in the third quarter of 2025, pending regulatory approvals and shareholder consent [1] Leadership Changes - Post-merger, Z Squared executives will lead the combined entity, with David Halabu as CEO and Michelle Burke as COO [3][4] - Current Coeptis CEO Dave Mehalick will exit the Board of Directors upon closing [3] Strategic Focus - The combined company aims to create the largest publicly-traded entity in the U.S. focused on Dogecoin mining, targeting both retail and institutional investors [5] - Coeptis plans to maintain its biopharmaceutical operations separately after the merger, allowing continued involvement in both sectors [5]
BitFuFu Files 2024 Annual Report on Form 20-F
Newsfilter· 2025-04-21 22:00
Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [2][3] - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and remains a strategic partner in the Bitcoin mining space [2] Recent Developments - BitFuFu announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 21, 2025 [1] Business Focus - The company is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [3] - BitFuFu leverages its expanding global mining facility network and strategic partnership with BITMAIN to enable efficient mining for institutional customers and digital asset enthusiasts [3]
BitFuFu Announces March 2025 Bitcoin Mining and Operation Updates
Globenewswire· 2025-04-09 12:00
Core Insights - BitFuFu Inc. reported an increase in Bitcoin holdings and production for March 2025, highlighting its operational efficiency and market resilience amid macroeconomic risks [3][8][9] Bitcoin Holdings and Production - As of March 31, 2025, BitFuFu held 1,847 Bitcoins, an increase of 47 BTC from the end of February 2025 [8][9] - The company produced a total of 234 BTC in March 2025, which included 58 BTC from self-mining operations and 176 BTC for cloud-mining customers [8][9] - Self-mining production remained unchanged at 58 BTC, while cloud-mining production saw a 9% increase from February 2025 [9] Hashrate Management - Total hashrate under management reached 20.6 EH/s as of March 31, 2025, with self-owned hashrate increasing by 1.1 EH/s or 35% compared to the previous month [9] - The company has a total power management capacity of 478 MW [5] Miner Energization - Most of the 2,000 S21 XP miners and 4,000 S21+ miners ordered in late 2024 have been energized in the company's secured datacenters in the U.S. by the end of March 2025, contributing to the increased self-owned mining capacity [8][9] Cloud-Mining Growth - The number of registered users for cloud-mining services reached 607,377 as of March 31, 2025 [6] Upcoming Conferences & Events - BitFuFu is scheduled to present at the Jefferies Power x Coin Virtual Conference on April 16, 2025, and participate in Bitcoin 2025 in Las Vegas from May 27-29, 2025 [10]