Transaction designed to drive American Bitcoin’s capital markets access and growth trajectoryMIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreeme ...

Company Overview - CleanSpark Inc. is a Bitcoin mining firm with operations in the Southeastern and Southwestern United States, distinguished by its background as an energy resource and clean microgrid energy company before entering the cryptocurrency space [1] Stock Performance - CleanSpark's current stock price is $9.19, reflecting a 5.88% increase, with a 52-week range between $6.45 and $20.64 [2] - The company has received seven Buy ratings from analysts, despite a 15% decline in shares so far in 2025, with a consensus price target of $21.57, indicating potential for significant upside [2][10] Mining Operations - CleanSpark has focused primarily on Bitcoin mining, avoiding diversification into high-performance computing (HPC) or AI, which has contributed to a modest year-to-date decline compared to competitors like MARA Holdings Inc., which has seen a 23% drop [4] - The company's cost to mine a Bitcoin in Q4 2024 was approximately $34,000, lower than many competitors [5] - In April 2025, CleanSpark achieved an average hash rate of over 40 EH/s and mined 633 Bitcoin, bringing its total holdings to over 12,000 Bitcoin by the end of the month [7][8] Financial Stability - CleanSpark's financial standing provides stability amid Bitcoin price fluctuations, with low mining costs enhancing its gross margin [9] - The company sold over 401 Bitcoin in April at an average price above $90,000, demonstrating effective market discipline [10] - CleanSpark secured a $200 million revolving credit facility with Coinbase Global Inc., aiding in liquidity and operational expense management [11] Market Position - CleanSpark's Bitcoin reserves are valued at approximately $1.2 billion, with a total market capitalization of $2.3 billion, although its price-to-sales ratio of 4.86 is less attractive compared to competitors like Hut 8 Corp. [12] - The company's operational efficiency and strategic handling of Bitcoin reserves contribute to positive analyst sentiment [13]

Core Insights - TeraWulf's shares dropped over 9% following a disappointing quarterly earnings report, contrasting with the relatively stable performance of the S&P 500 [1] Financial Performance - For the first quarter of 2025, TeraWulf reported revenue of $34.4 million, down from $42.4 million in the first quarter of 2024, with Bitcoin mined decreasing from 1,051 to 372 [2] - The net loss for the quarter increased significantly to over $61 million, equating to $0.16 per share, compared to a loss of less than $15 million in the previous year [2] Analyst Expectations - TeraWulf failed to meet analyst expectations, which anticipated revenue of slightly more than $46 million and an adjusted net loss of only $0.04 per share [3] Management Commentary - TeraWulf's CFO highlighted the company's strong cash position, stating they had $219.6 million in cash and Bitcoin holdings at the end of the quarter, indicating they are well-capitalized for near-term growth [4] - Despite recent gains in cryptocurrencies, the management's optimistic outlook did not alleviate investor concerns regarding the company's deteriorating fundamentals [4]

Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. and certain officers for alleged violations of federal securities laws during the Class Period from March 21, 2023, to December 9, 2024, seeking damages for misleading statements regarding the company's financial reporting and internal controls [1][7][8]. Company Overview - Bitfarms operates integrated Bitcoin data centers in Canada, the U.S., Paraguay, and Argentina, focusing on validating transactions on the Bitcoin Blockchain through mining [4]. - The company sells mined Bitcoin as digital assets or exchanges them for U.S. dollars, with a financing strategy that includes strategically selling its BTC assets [4]. Financial Reporting Issues - In March 2024, Bitfarms identified a material weakness in its internal control over financial reporting related to the classification of 2021 Warrants, which should have been classified as financial liabilities rather than equity instruments [7]. - The company acknowledged deficiencies in internal controls, leading to misstatements in financial statements and incorrect categorization of proceeds from digital asset sales [7][8]. Recent Developments - On December 9, 2024, Bitfarms announced that its consolidated financial statements for 2022 and 2023 contained a material error regarding the classification of proceeds from digital asset sales, necessitating restatement [9]. - Following this announcement, Bitfarms' stock price fell by $0.13 per share, or 6.07%, closing at $2.01 per share on December 10, 2024 [9]. - In April 2025, Bitfarms filed its Annual Report, indicating that the remediation plan for the identified material weakness would be completed in 2025, contrary to previous statements that it would be completed in 2024 [10].

Mandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, and crypto investing. He enjoys researching and analyzing cryptocurrency projects, Web3 trends, and security tokens (digital securities). He is also a contributing writer for Seeking Alpha analyst James Foord.Analyst’s Disclosure: I/we have a beneficial long positi ...

RETRANSMISSION: HIVE Digital Technologies Accelerates Growth in Paraguay, Surpasses 7 EH/s, Achieves 10% Global Growth in Hashrate, and Reports April 2025 Production of 102 BitcoinMay 09, 2025 6:00 AM EDT | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - May 9, 2025) - ...

HIVE Digital Technologies Accelerates Growth in Paraguay, Surpasses 7 EH/s, Achieves 10% Global Growth in Hashrate, and Reports April 2025 Production of 102 BitcoinMay 09, 2025 1:00 AM EDT | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - May 9, 2025) - HIVE Digital Te ...

Core Insights - BitFuFu Inc. reported strong operational progress in April 2025, with significant growth in managed hashrate and power capacity, alongside an increase in Bitcoin holdings [2][4]. Bitcoin Holdings and Production - As of April 30, 2025, Bitcoin holdings reached 1,908 BTC, an increase of 61 BTC from March 31, 2025, due to self-mining operations and net inflow from customer payments [5]. - The company produced a total of 209 BTC in April 2025, which included 173 BTC from cloud mining and 36 BTC from self-mining [5]. Hashrate Overview - Total hashrate under management was 28.3 EH/s as of April 30, 2025, reflecting a 37.4% month-over-month increase, driven by expanded supplier partnerships and increased hash power procurement [4][5]. - Self-owned hashrate accounted for 4.2 EH/s, while hashrate from third-party suppliers and hosting customers was 24.1 EH/s [5]. Power and Infrastructure - Total power capacity under management increased to 566 MW across five continents as of April 30, 2025, marking an 18.4% month-over-month increase [4][5]. - BitFuFuPool connected 10.9 EH/s of hashrate to the network, and BitFuFuOS optimized 9.7 EH/s of hashrate, adding software support for various Antminer models [6]. Upcoming Conferences & Events - BitFuFu will sponsor and present at Bitcoin 2025 in Las Vegas from May 27 to 29, 2025, and will also present at the Lytham Partners Spring 2025 Investor Virtual Conference on May 29, 2025 [6].

TeraWulf’s (NASDAQ: WULF ) Q1 earnings report is scheduled for 8:00 AM EST today (May 7). This article will cover the earnings preview and expectations from the earnings call, as well as the outlook for the fiscal year with anticipated updates from WULF Compute, theMandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, ...

Group 1 - BitFuFu Inc. announces its sponsorship of Bitcoin 2025, the world's largest Bitcoin event, scheduled for May 27–29, 2025, in Las Vegas, Nevada [10] - The event is expected to attract over 30,000 attendees, 5,000 companies, and more than 400 speakers from around the globe, focusing on the future of Bitcoin [2] - Charley Brady, Vice President of Investor Relations at BitFuFu, will be a featured speaker discussing cloud mining, highlighting the company's commitment to making Bitcoin mining accessible [3][4] Group 2 - BitFuFu will showcase its latest global deployment strategy, one-stop mining services, and proprietary technologies at Booth 711 during the event [3] - The company aims to empower the global Bitcoin network through its industry-leading cloud mining platform and rapidly scaling data center infrastructure [5] - The sponsorship of Bitcoin 2025 aligns with BitFuFu's mission to promote efficient, transparent, and secure mining solutions [3]