Core Viewpoint - Cipher Mining Inc. is set to provide a business update and release its first quarter 2025 financial results on May 6, 2025, before U.S. markets open [1] Group 1: Upcoming Events - The company will host a conference call and webcast on May 6, 2025, at 8:00 a.m. Eastern Time [1] - A live webcast and replay of the conference call will be available on Cipher's investor relations website [2] Group 2: Company Overview - Cipher focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting [3] - The company aims to be a market leader in innovation within bitcoin mining growth, data center construction, and as a hosting partner for major HPC companies [3]

Financial Performance - Total revenues for the fiscal year ended December 31, 2024, were US$5.54 million, a decrease of 18% compared to US$6.78 million in 2023, primarily due to declines in product sales, hosting services, and mining pool revenues, partially offset by a 125% increase in mining revenue [7][11] - Gross loss was US$1.01 million, compared to a gross profit of US$0.46 million in 2023, resulting in a negative gross margin of 18% in 2024, down from a positive 7% in the prior year [13][14] - Net loss improved slightly to US$5.89 million from a net loss of US$6.12 million in 2023 [20] Revenue Breakdown - Sales of products decreased by 48% from US$4.80 million in 2023 to US$2.50 million in 2024 due to fewer customer orders [9] - Hosting service revenue declined 86% from US$0.37 million to US$0.05 million, attributed to shutdowns of high power-consumption miners following the block reward halving [10] - Mining revenue increased by 125% to US$2.92 million, driven by a 130% rise in the average price of bitcoin mined [11] Operational Strategy - The company plans to focus on Bitcoin cloud computing power mining and aims to provide services including Bitcoin currency mining, associated petroleum gas reutilization, and small modular reactor solutions for energy infrastructure [4][5][6] - SAIHEAT is enhancing operational efficiency and sustainability in the digital asset sector through initiatives like accepting Bitcoin payments for products and services [8] Recent Developments - The company sold 40MW of liquid-cooling container products to Bitdeer Technologies Group, designed to host high-performance mining rigs [8] - Participation in the AEP's Critical Peak program aims to reduce electricity costs for energy-intensive industries, aligning with SAIHEAT's sustainability goals [8] - The company showcased its Advanced Computing Center Ecosystem at the Supercomputing 2024 Conference, promoting carbon-negative data center operations [16] Financial Position - As of December 31, 2024, total assets were US$18.53 million, with current assets of US$10.90 million and total liabilities of US$4.17 million [27][28] - Cash and cash equivalents decreased from US$3.18 million in 2023 to US$1.04 million in 2024 [27]

Company Overview - TeraWulf Inc. is a leading owner and operator of vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy sources [4] - The company focuses on environmentally sustainable data center infrastructure designed for Bitcoin mining and high-performance computing [4] - TeraWulf operates the Lake Mariner facility located on a retired coal plant site in Western New York, generating revenue mainly through Bitcoin mining [4] Upcoming Earnings Call - TeraWulf will hold its earnings conference call for the first quarter ended March 31, 2025, on May 9, 2025, at 8:00 a.m. Eastern Time [1][3] - A press release detailing the financial results will be issued prior to the call on the same day [2] Participation Details - Participants can join the call by logging on or dialing in approximately 5 minutes before the start time [3] - Access ID for the call is 13753593, with dial-in numbers provided for participants [3] Replay Information - A replay of the call will be available until May 23, 2025, at 11:59 PM ET [4] - The replay can be accessed via specific dial-in numbers provided [4]

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Bitfarms Ltd. (“Bitfarms” or the “Company”) (NASDAQ: BITF).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Bitfarms and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On December 9, ...

The cryptocurrency market bounced back on Tuesday, with Bitcoin (BTC) racing past $93,000 to hit a seven- week high. Cryptocurrencies have been suffering lately as part of the broader market slump, triggered by President Donald Trump's tariff policy that has raised uncertainty over the economy's future. However, the broader market rallied on Tuesday, powered by optimism that trade tensions could ease soon. Bitcoin also got a boost and resumed its rally. However, the cryptocurrency is still sharply lower tha ...

CASTLE ROCK, Colo., April 23, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the "Credit Facility") with Coinbase Credit, Inc. ("Coinbase"), a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). Under the terms of the Credit Facility, Coinbase will provide a multiple drawdown term loan facility in an aggregate principal amount up to ...

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]

Core Insights - HIVE Digital Technologies has completed the 100% construction and energization of its 100 MW Phase 1 infrastructure at the Yguazù facility in Paraguay, which is supported by a fully energized 200 MW substation [3][4] - The company has appointed Carlos Anibal Torres as the new Paraguay Operations & Project Manager to facilitate its expansion in the region [3][6] - HIVE aims to scale its operations to 5 exahash per second (EH/s) in Paraguay and a total of 11.5 EH/s across all operations by the end of Q2 2025 [5][6] Infrastructure and Operations - The completed infrastructure at the Yguazù site enables a capacity for 5 EH/s of next-generation ASIC miners, with 200 petahashes currently operational using proprietary BUZZ Miners [4] - Initial deliveries of new-generation ASICs, including over 20,000 Bitmain S21+ units, are expected to arrive by the end of May, contributing to the scaling efforts [5] - HIVE's management has set a target to reach 25 EH/s by Fall 2025, which would produce over 12 Bitcoins daily at current difficulty levels [6] Financial Management and Growth Strategy - As of March 31, HIVE secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management, marking a strategic pivot with no debt [6] - The company has granted 2,797,000 Restricted Share Units (RSUs) to select employees, ensuring management remains focused on sustainable growth [9][10] - HIVE continues to maintain one of the industry's lowest general and administrative costs per Bitcoin mined while minimizing shareholder dilution [9] Leadership and Vision - Carlos A. Torres Pérez, the new Operations & Project Manager, brings over 15 years of experience in large-scale infrastructure and energy systems, which is expected to enhance HIVE's operational capabilities in Paraguay [7][8] - HIVE's management emphasizes the importance of moving quickly and executing with precision to establish a strong foundation for the digital future in Paraguay [8]

Core Insights - HIVE Digital Technologies has announced the 100% completion of its 100 MW Phase 1 infrastructure at the Yguazù facility in Paraguay, which is supported by a fully energized 200 MW substation [2][3] - The company has appointed Carlos Anibal Torres as the new Paraguay Operations & Project Manager to facilitate expansion in the region [2][5] Infrastructure and Operations - The completed infrastructure enables a capacity of 5 exahash per second (EH/s) for next-generation ASIC miners, with 200 petahashes currently operational using proprietary BUZZ Miners [3] - HIVE expects to have a total of 8,000 BUZZ Miners operational by the end of April 2025, with initial deliveries of new-generation ASICs, including over 20,000 Bitmain S21+ units, expected by the end of May [4] - The company aims to scale to 5 EH/s in Paraguay and a total of 11.5 EH/s across all operations by the end of Q2 2025 [4] Growth Strategy - HIVE's COO stated the goal is to reach 25 EH/s by Fall 2025, producing over 12 Bitcoins daily at current difficulty levels [5] - As of March 31, 2025, the company secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management [5] - The company has completed its expansion from 6.5 EH/s to 11.5 EH/s, which has been fully paid for [5] Leadership and Team - Carlos A. Torres Pérez, the new Operations & Project Manager, has over 15 years of experience in large-scale infrastructure and energy systems, which will support HIVE's operational needs in Paraguay [6] - The company emphasizes the importance of local talent and operational depth as it scales its operations [7] Employee Incentives - HIVE is granting 2,797,000 Restricted Share Units (RSUs) to select employees, officers, directors, and eligible consultants, with a one-year vesting period to ensure focus on sustainable growth [9][10] - The management team continues to demonstrate strength by expanding its Bitcoin and HPC footprints while maintaining low general and administrative costs per Bitcoin mined [9]

Core Insights - BIT Mining Limited is a leading technology-driven cryptocurrency mining company that released its monthly mining production and operational updates for March 2025 [1] Mining Production and Operations Highlights - BIT Mining is expanding its international mining operations in Ohio and Ethiopia, focusing on scalable and clean-energy-powered infrastructure [2] - The company operates over 28,000 mining machines, with a current operational hash rate of 423 PH/s, and anticipates increased utilization and efficiency in the coming months [3] - In March, BIT Mining produced a total of 41.55 Bitcoin (BTC), with 34.96 BTC for hosted clients and 6.59 BTC self-mined, alongside approximately 2,383,708 Dogecoin (DOGE) and 651.6 Litecoin (LTC) [7] CEO's Commentary - The CEO emphasized steady operational progress and cost discipline, with the cost per self-mined BTC remaining stable at $65,831, while highlighting the long-term growth opportunity in Ethiopia [4] Infrastructure and Capacity Updates - In Ohio, BIT Mining has a power capacity of 82.5 MW, while in Ethiopia, ongoing construction is expected to increase total site capacity to 51 MW by May 2025 [7]