An SOL treasury of up to $300 million will highlight strategic expansionAKRON, Ohio, July 10, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced a strategic shift with its expansion into the Solana ecosystem, marking a critical milestone in the Company's long-term growth trajectory. This transition positions BIT Mining to capture emerging opportunities across the broader blockchain value chain, whil ...

Core Insights - KULR Technology Group has successfully deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay, increasing its operational capacity to 750 petahash per second (PH/s) [1] - The company employs a dual acquisition strategy, combining both mining and purchasing Bitcoin to enhance its BTC holdings efficiently [1][2] - KULR aims to scale its mining operations to reach 1.25 exahash per second (EH/s) later this summer [3] Company Strategy - KULR's CEO highlighted that Bitcoin has outperformed major asset classes in 11 of the last 14 years, emphasizing the importance of a dual-pronged model to capture value from both hash price and coin price [2] - The company has expanded its strategic relationship with a U.S. exchange-listed company through a leasing agreement for ASIC miners and a consulting agreement for comprehensive support in Bitcoin mining operations and treasury management [2] Financial Management - Since late 2024, KULR has included Bitcoin as a primary asset in its treasury program, committing to allocate up to 90% of its excess cash for Bitcoin acquisition [4]

- Bitcoin treasury as of June 30, 2025 valued at $16.7 million or $3.25 per share1 TAMPA, Fla., July 08, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended June 30, 2025. MetricMay 2025June 2025 - Bitcoin2 - Mined, net6.35.5<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; b ...

Core Viewpoint - HIVE Digital Technologies has reported an 18% increase in Bitcoin production in June 2025, reaching a total of 164 Bitcoin, as part of its aggressive expansion strategy in Paraguay, aiming for a production target of 12 Bitcoin per day by year-end [2][4]. Group 1: Production and Expansion - The company achieved an 18% increase in Bitcoin production in June compared to May 2025, driven by the success of its 100 MW Phase 1 in Paraguay [2]. - HIVE is on track to reach a hashrate of 25 EH/s by American Thanksgiving, having delivered 11.4 EH/s in June, nearly doubling its hashrate since March [3]. - The launch of Phase 2 at the hydro-powered Yguazú facility in Paraguay is expected to significantly enhance production capacity, with 0.4 EH/s already operational [4]. Group 2: Financial Position and Growth Strategy - The company issued 38,109,822 common shares for gross proceeds of C$96.7 million (approximately $70.0 million) as part of its at-the-market offering, which will be used to fund growth in ASIC and GPU infrastructure [9][10]. - HIVE's average daily Bitcoin production in June was 5.5 BTC, with an average hashrate of 11.0 EH/s [5]. - The company has granted 2,809,000 Restricted Share Units (RSUs) to align long-term incentives across the organization, reflecting its commitment to rewarding its team [6][7]. Group 3: AI Infrastructure Development - HIVE's subsidiary, BUZZ High Performance Computing, is expanding its AI infrastructure, having signed a purchase agreement for a 7.2 MW Tier 3 data center in Toronto, Canada [8]. - This acquisition positions BUZZ HPC to become a key player in Canada's AI infrastructure, supporting up to 5,000 next-gen GPUs [9].

Core Viewpoint - Bitfarms Ltd. is facing a class action lawsuit due to allegations of misleading financial reporting and inadequate internal controls, which have led to the misclassification of cash flows and potential restatements of financial statements [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Bitfarms securities between March 21, 2023, and December 9, 2024, with a deadline for filing a lead plaintiff motion set for July 8, 2025 [1]. - The lawsuit claims that Bitfarms made false statements and failed to disclose significant issues regarding its financial reporting practices [3]. Group 2: Allegations Against Bitfarms - Allegations include inadequate internal controls over financial reporting, misclassification of proceeds from digital asset sales, and overstating the company's ability to address material weaknesses in internal controls [3]. - Specifically, Bitfarms misclassified cash flows from digital asset sales as operating activities instead of investing activities, leading to inaccuracies in previously issued financial statements [3][4]. - On December 9, 2024, Bitfarms announced that its financial statements for fiscal years 2022 and 2023 contained material errors and would require restatement due to the misclassification of cash flows [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading financial statements and internal control deficiencies [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Bitfarms issued materially false and misleading statements during the class period from March 21, 2023, to December 9, 2024 [3]. - Specific allegations include: - Deficient internal controls over financial reporting [3]. - Incorrect categorization of proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [3]. - Overstatement of the remediation of material weaknesses in internal controls related to the classification of 2021 Warrants [3]. - Misstatements in previously issued financial statements, which may require restatement [3]. - Public statements made by the company were materially false and misleading throughout the relevant period [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software for status updates on the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].

IREN, BitFuFu notch June records as mining sector shows mixed signals https://t.co/t2CJCHyDGi ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading statements and deficiencies in financial reporting during the specified class period [1]. Group 1: Allegations Against Bitfarms Ltd. - The complaint alleges that Bitfarms maintained deficient internal controls over financial reporting [1] - It is claimed that the company incorrectly categorized proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [1] - The company allegedly overstated its ability to remediate material weaknesses in its internal controls related to the classification of the 2021 Warrants [1] - These errors reportedly caused Bitfarms to misstate various items in previously issued financial statements, which may need to be restated [1] - As a result, the company's public statements were materially false and misleading throughout the relevant period [1] Group 2: Class Action Participation - Shareholders who purchased shares of Bitfarms during the class period from March 21, 2023, to December 9, 2024, are encouraged to register for the class action [2] - The deadline for shareholders to seek lead plaintiff status is July 8, 2025 [2] - There is no cost or obligation for shareholders to participate in the case, and they will receive status updates through portfolio monitoring software [2] Group 3: About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 8, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Bitfarms securities between March 21, 2023, and December 9, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the July 8, 2025, deadline to serve as lead plaintiff [2]. - The lawsuit alleges that Bitfarms made false and misleading statements regarding its financial reporting and internal controls, which led to inaccurate financial statements that may need to be restated [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].

Core Viewpoint - Bit Origin Ltd has regained compliance with Nasdaq's equity standard, confirming it meets the minimum requirement of $2.5 million in stockholders' equity [1][3]. Group 1: Compliance Status - On January 3, 2025, Nasdaq notified the Company of its non-compliance regarding stockholders' equity and other listing standards [2]. - The Company submitted a Form 6-K on June 30, 2025, demonstrating compliance with the required stockholders' equity threshold [3]. - Nasdaq has confirmed that the Company now meets the equity requirement but will be subject to ongoing monitoring for future compliance [3]. Group 2: Company Leadership - Jinghai Jiang, Chairman of the Board, CEO, and COO, expressed satisfaction in regaining compliance and emphasized the focus on long-term growth and adherence to listing requirements [4]. Group 3: Company Background - Bit Origin Ltd, previously known as China Xiangtai Food Co., Ltd., operates in the cryptocurrency mining business and is actively deploying blockchain technologies [4].