Shares of MARA Holdings (MARA -11.72%) are falling on Wednesday, down 13.8% as of 2:58 p.m. ET. The drop comes as the S&P 500 and Nasdaq Composite gained 0.7% and 0.5%, respectively.The Bitcoin mining company's stock is falling today after the company announced a private offering of $850 million, sparking fears of dilution.MARA's financial moveThe company announced it intends to initiate a $850 million private offering with convertible notes due in 2032. Initial purchasers may be granted an option to acquir ...

MARA Holdings, the world's largest public bitcoin miner, raises $850 million to continue buying bitcoin. MARA Holdings currently holds more than 50k BTC. https://t.co/ZxeujEwGFk ...

JUST IN: 🇺🇸 Bitcoin miner MARA Holdings to raise $850 million to buy more #Bitcoin and other purposes. https://t.co/Y7FBeTM7rk ...

The next wave of artificial intelligence infrastructure won’t come from tech giants alone—but from nimble operators who already own the power. Take Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX), a Miami-based, NASDAQ- and Toronto-listed company that has spent the past eight years mining Bitcoin and quietly building out a power generation footprint. Now, it’s shifting gears, rebranding to become what CEO Michel Amar calls “a power infrastructure company” with a focus on Tier 3 NeoCloud AI data centers. Earlier t ...

Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce that on July 17, 2025, the Company repaid its outstanding bitcoin-backed loan of approximately US$2.560 million (the "Loan"). The Loan, which was made to the Company by an arm's length third party on March 14, 2025, was secured by approximately 50.5 of the Company's bitcoin, ca ...

CASTLE ROCK, Colo., July 17, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announced today that it has scheduled its second quarter 2025 earnings conference call for Thursday, July 31, 2025, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended June 30, 2025. This conference call will be availa ...

HONG KONG, July 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.The approved resolutions authorize significan ...

Core Viewpoint - Hut 8 Corp. has announced a corporate rebrand to better align its external positioning with its strategic focus on energy and digital infrastructure, emphasizing a disciplined capital allocation and operational rigor [1][2] Company Developments - The rebrand reflects a power-first, innovation-driven approach to developing and operating energy and digital infrastructure [2] - Since the merger with U.S. Data Mining Group in November 2023, Hut 8 has expanded its energy infrastructure platform to 1,020 megawatts (MW) under management across 15 sites as of March 31, 2025 [2] - The company has built a utility-scale power origination pipeline of approximately 10,800 MW, a more than threefold increase from over 3,000 MW at the end of Q2 2024 [2] - Hut 8 is advancing AI data center development opportunities with a total capacity of 430 MW, including a 592-acre campus in Louisiana [2] - The company has restructured its Bitcoin mining business into a standalone entity, American Bitcoin Corp., allowing for independent scaling [2] Financial Strategies - Hut 8 executed innovative financings, including an upsized Coinbase credit facility from $65 million to $130 million at a fixed interest rate of 9.0% [2] - A Bitcoin-backed call option structure was utilized to fund machine purchases from BITMAIN, and a covered call program generated over $20 million in net proceeds in fiscal year 2024 [2] - An at-the-market equity offering program raised $275.5 million in net proceeds at a weighted average price of $28.23 per share as of March 31, 2025 [2] Institutional Growth - Institutional ownership increased from approximately 12% at the end of Q1 2024 to about 55% by year-end 2024, supported by strategic investments and the onboarding of a Big 4 audit firm [8] - The company has realigned its reporting structure to provide a clearer view of how each layer of its platform contributes to growth and profitability [8] Brand Legacy - The Hut 8 name remains unchanged, honoring the legacy of technical innovation associated with Alan Turing's work at Bletchley Park [3]

Core Viewpoint - Cathedra Bitcoin Inc. has appointed Joel Block as the new Chief Executive Officer, marking a significant leadership change aimed at pursuing the company's strategic objectives in the bitcoin infrastructure sector [1][3]. Management Changes - Joel Block will also serve as a member and chairman of the Board of Directors, while former CEO AJ Scalia and former President Drew Armstrong have resigned but will remain in advisory roles during the transition [2][3]. - The Board expressed confidence in Block's leadership skills and experience, believing he will provide new guidance and vision for the company [3]. Joel Block's Background - Block previously served as Chief Financial Officer of US Bitcoin Corp., where he led a major merger with Hut 8 Corp, and was involved in a $750 million spin-off of Celsius Network's bitcoin mining subsidiary [4]. - His experience includes roles at Credit Suisse, focusing on institutional fixed income and interest rate derivatives [4]. Company Overview - Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America, hosting bitcoin mining clients in three data centers with a total capacity of 30 megawatts [6]. - The company has produced approximately 400 PH/s of hash rate through its proprietary bitcoin mining machines [6].

On Monday, July 7, AI infrastructure darling CoreWeave (CRWV -9.60%) announced it would be acquiring Bitcoin miner Core Scientific (CORZ -1.97%) in an all-stock deal.Large acquisitions like this $9 billion venture can sometimes blow up in the acquiror's face. However, delving into the details of this deal's terms, not only does the combined company appear to have a high-probability of realizing significant benefits, but the acquisition also appears to have limited risks relative to typical large deals.Three ...