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LM Funding America Announces July 2025 Production and Operational Update
GlobeNewswire News Room· 2025-08-08 12:00
Core Insights - The company reported a Bitcoin treasury valued at approximately $17.8 million as of July 31, 2025, equating to $3.46 per share based on a Bitcoin price of around $118,100 [1][3]. Bitcoin Mining Operations - In July 2025, the company mined 5.9 Bitcoin, a 7% increase from June 2025's 5.5 Bitcoin [2]. - The company sold 11.0 Bitcoin in July 2025, compared to 5.0 Bitcoin sold in June 2025 [2]. - The company's Bitcoin holdings decreased from 155.5 Bitcoin in June 2025 to 150.4 Bitcoin in July 2025 [2]. Operational Capacity - The total number of operational machines remained constant at 4,320 in both June and July 2025 [2]. - The total number of machines, including storage, was 5,538 in both months [2]. - The company's hashrate remained stable at 0.60 EH/s in July 2025 [2]. Financial Performance - The company experienced a 20% growth in energy revenue in July 2025, attributed to the reinvestment of treasury assets into operations [3]. - The stock share price was reported at $2.12 as of July 31, 2025 [3].
CleanSpark Reports Better-Than-Expected Q3 Results: Details
Benzinga· 2025-08-07 21:32
Financial Performance - CleanSpark reported quarterly earnings of 78 cents per share, exceeding the analyst consensus estimate of 10 cents [1] - Quarterly revenue reached $198.64 million, surpassing the Street estimate of $191.54 million and increasing from $104.1 million in the same period last year [1] Balance Sheet Highlights - At the end of the third quarter, CleanSpark's cash stood at $34.6 million, with a bitcoin treasury valued at $1.08 billion [5] - Total current assets amounted to $1.21 billion, while total mining assets, including prepaid deposits and deployed miners, were valued at $985.9 million [5] - The company's total assets reached $3.1 billion [5] Operational Achievements - CleanSpark achieved an operational hashrate of 50 EH/s in June, becoming the first public company to do so using exclusively American infrastructure [3] - The company reported a record basic EPS of 90 cents and nearly $200 million in revenue during this period [3] - CleanSpark has grown its bitcoin treasury to over $1 billion in value without raising capital through equity offerings since November 2024 [3] Market Reaction - Following the earnings report, CleanSpark's stock price increased by 1.21%, reaching $10.85 in extended trading [3]
BTC Digital Ltd. Reminds Shareholders to Vote at Extraordinary General Meeting Postponed to August 22, 2025
Prnewswire· 2025-08-05 20:30
Core Viewpoint - BTC Digital Ltd. is urging shareholders to vote ahead of the rescheduled extraordinary general meeting on August 22, 2025, emphasizing the importance of participation from shareholders with smaller positions to ensure the approval of the company's proposals [1][2][6]. Company Information - BTC Digital Ltd. is a blockchain technology company focused on creating value in the metaverse, blockchain, and cryptocurrency mining sectors. The company aims to develop blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool operations, and miner accessories [3]. Meeting Details - The extraordinary general meeting will take place on August 22, 2025, at 9:30 a.m. Eastern Time, with no changes to the physical location, record date, or proposals to be acted upon [1][3]. - Shareholders who held BTCT shares on June 27, 2025, retain their voting rights, even if they have sold their shares since that date [2][6]. Proxy Solicitation - The company has engaged Advantage Proxy, Inc. to assist in soliciting proxies from shareholders prior to the meeting. The total fee for this service is $11,500, plus associated disbursements [4]. - The company will cover all costs related to the solicitation of proxies from its working capital [4]. Voting Importance - The majority of votes received so far are in favor of the company's proposals, but more votes are needed to reach the quorum required to hold the meeting. Every vote is crucial to avoid further delays and additional solicitation costs [6].
Sphere 3D Reports Second Quarter 2025 Financial Results
Newsfile· 2025-08-05 20:16
Core Insights - Sphere 3D Corp. reported its financial results for Q2 2025, highlighting a net income of $1.7 million, a decrease from $2.1 million in Q2 2024 [6][7] - The company aims to strengthen its foundation and manage costs while scaling its operations in response to the long-term growth of Bitcoin adoption [2] Financial Performance - Revenue for Q2 2025 was $3.0 million, down from $4.7 million in Q2 2024, attributed to weaker post-halving economics and downtime during the transition from high-cost hosting contracts [7][9] - Bitcoin production decreased to 30.9 Bitcoin in Q2 2025 from 70.7 Bitcoin in Q2 2024 [7] - Operating costs and expenses were reduced by 46% to $5.6 million compared to $10.4 million in Q2 2024 [7][9] - Loss from operations decreased by 54% to $2.6 million in Q2 2025 from $5.7 million in Q2 2024 [7][9] - Investment gain for Q2 2025 was $4.3 million, down from $7.8 million in Q2 2024 [7][9] Bitcoin Assets - As of June 30, 2025, the company held a self-mined Bitcoin balance of 20.5 Bitcoin, with a fair value of approximately $2.2 million [3][11] Balance Sheet Highlights - Total assets decreased to $34.4 million as of June 30, 2025, from $43.2 million at the end of 2024 [10][11] - Shareholders' equity also declined to $32.7 million from $39.3 million during the same period [11]
CleanSpark Set to Report Q3 Earnings: What's in the Cards for the Stock?
ZACKS· 2025-08-05 17:05
Core Insights - CleanSpark (CLSK) is set to report its third-quarter fiscal 2025 results on August 7, with expected revenues of $195.1 million, indicating an 87.4% year-over-year increase [1] - The consensus estimate for earnings is at break-even, which is a 2-cent improvement compared to the previous 30 days, while the company reported earnings of 1 cent in the same quarter last year [1] Financial Performance - CleanSpark has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average negative earnings surprise of 59.29% [2] - The company produced a total of 2,012 Bitcoins in fiscal Q3, with total holdings reaching 12,608 as of June 30 [8] Strategic Factors - The fiscal third-quarter performance is anticipated to benefit from strategic investments in energy-efficient infrastructure, with a total contracted power capacity of approximately 915 megawatts across the U.S. [4] - CleanSpark's hashrate reached a record 50 EH/s in the upcoming quarter, with operating mining units capable of producing over 42.4 EH/s [5] Monetization Strategy - The transition from a nearly 100% HODL Bitcoin treasury approach to a balanced monetization strategy has been a key catalyst, with the company selling 578.51 Bitcoins in the upcoming quarter [6] - The focus on achieving a low marginal cost per Bitcoin is expected to enhance profitability in the fiscal third quarter [6] Earnings Expectations - CleanSpark currently has an Earnings ESP of +2000.02% and a Zacks Rank of 2, indicating a strong likelihood of an earnings beat [7]
Cango Inc. Announces July 2025 Bitcoin Production and Mining Operations Update
Prnewswire· 2025-08-05 10:00
| Metric | | July 2025 1 June 2025 1 | | --- | --- | --- | | Number of Bitcoin produced | 650.5 | 450.0 | | Average number of Bitcoin produced per day | 20.99 | 15.00 | | Total number of Bitcoin held 2 | 4,529.7 | 3,879.2 | | Deployed hashrate | | 50 EH/s 32 EH/s | | Average operating hashrate 3 | | 40.91 EH/s 29.92 EH/s | | 1. Unaudited, estimated. | | | | 2. As of month-end. | | | | 3. Average over the month. | | | Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of it ...
Riot Platforms, Inc. (RIOT) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-08-01 00:01
Group 1 - Riot Platforms, Inc. reported $152.99 million in revenue for the quarter ended June 2025, a year-over-year increase of 118.5% [1] - The company achieved an EPS of $0.57, compared to -$0.32 a year ago, resulting in a surprise of +400% against the consensus estimate of -$0.19 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $153.47 million, indicating a surprise of -0.31% [1] Group 2 - The quantity of Bitcoin mined was 1,426, closely matching the average estimate of 1,427 [4] - Revenue from Bitcoin mining reached $140.89 million, exceeding the average estimate of $134.37 million, representing a year-over-year change of +152.7% [4] - Engineering revenue was reported at $10.58 million, below the estimated $16.74 million, reflecting a +9.9% change year-over-year [4] - Other revenue was $1.52 million, lower than the estimated $1.98 million, showing a significant decline of -67.1% year-over-year [4] Group 3 - Shares of Riot Platforms, Inc. have returned +10.8% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]
CleanSpark Executives to Discuss Fiscal Q3 2025 Financial Results
Prnewswire· 2025-07-31 20:30
Core Insights - CleanSpark, Inc. is set to discuss its fiscal third quarter 2025 financial results on August 7, 2025, via a live webcast [1] - The company is recognized as America's Bitcoin Miner® and operates a portfolio of mining facilities across the United States [2] Company Overview - CleanSpark is a market-leading, pure play Bitcoin miner with a strong track record of success [2] - The company optimizes its mining facilities to deliver superior returns to shareholders by leveraging globally competitive energy prices [2] - CleanSpark focuses on monetizing low-cost, high-reliability energy while securing Bitcoin, a finite global asset, positioning itself for success in a dynamic market [2]
BitFuFu to Report Second Quarter 2025 Unaudited Financial Results on August 15, 2025
Globenewswire· 2025-07-31 12:00
SINGAPORE, July 31, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced that it will release its unaudited financial results for the quarter ended June 30, 2025, before the U.S. markets open on August 15, 2025. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Friday, August 15, 2025 (8:00 P.M. Singapore Time on the same day). All participants must ...
Canaan Inc. to Supply Additional Avalon A1566I Immersion-Cooling Miners to CleanSpark
Prnewswire· 2025-07-31 10:30
SINGAPORE, July 31, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its U.S. subsidiary has received a purchase order from CleanSpark Inc. (NASDAQ: CLSK) ("CleanSpark") to supply additional Avalon A1566I immersion-cooling miners. Each unit delivers a hashrate ranging from 249 to 267 terahashes per second (TH/s), without overclocking."Following CleanSpark's initial order in November, we are pleased to continue supporting this cut ...