Workflow
Cryptocurrency Mining
icon
Search documents
Cipher Mining Stock Is Up Over 6% In Wednesday's Pre-Market: What's Going On?
Benzinga· 2025-07-02 08:33
Group 1 - Cipher Mining, Inc. has commenced operations at its Black Pearl facility in Texas, achieving an initial hashrate of 2.5 exahashes per second (EH/s) with plans to reach 9.6 EH/s in Phase I and a total hashrate of 23.1 EH/s by Q3 [1][2] - The company started mining Bitcoin ahead of schedule, indicating strong operational efficiency [1] - Analysts from Cantor Fitzgerald have reiterated a "Buy" rating for Cipher's stock, raising the price target from $4 to $6 [1] Group 2 - Cipher Mining has a market capitalization of $1.64 billion and focuses on building and operating industrial-scale data centers for Bitcoin mining and high-performance computing [2] - The stock price of Cipher increased by 6.12% in pre-market trading, following a 2.51% rise during the previous trading session, with a notable 25% increase over the past week and over 50% in the last month [2]
American Bitcoin and Gryphon Digital Mining Advance Toward Public Listing of American Bitcoin with Filing of Amended Registration Statement on Form S-4
Prnewswire· 2025-07-01 21:00
Core Viewpoint - American Bitcoin Corp. is set to merge with Gryphon Digital Mining, with the combined entity expected to trade on Nasdaq under the ticker symbol "ABTC" [1][3]. Company Overview - American Bitcoin is a majority-owned subsidiary of Hut 8, focusing on industrial-scale Bitcoin mining and strategic Bitcoin reserve development [5]. - Gryphon Digital Mining is recognized as an innovative venture in the Bitcoin mining sector [6]. Transaction Details - The companies have filed an amended registration statement with the SEC regarding their stock-for-stock merger transaction [2][3]. - The merger is anticipated to close as early as Q3 2025, with the combined company operating under the American Bitcoin brand and led by its management and board [3]. Regulatory Information - The amended registration statement includes a preliminary proxy statement and prospectus related to the proposed transaction [2][10]. - After the registration statement is declared effective, a definitive proxy statement/prospectus will be sent to Gryphon's stockholders for approval of the transaction [10].
BITF DEADLINE NOTICE: ROSEN, A LEADING NATIONAL FIRM, Encourages Bitfarms Ltd. Investors with Losses in Excess of $100K to Secure Counsel Before Important July 8 Deadline in Securities Class Action – BITF
GlobeNewswire News Room· 2025-06-29 13:02
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][6] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3] Group 3: Case Allegations - The lawsuit alleges that Bitfarms made false and misleading statements regarding its internal controls over financial reporting, misclassifying cash flows, and overstating its remediation efforts [4] - These inaccuracies in financial statements are claimed to have caused investor damages when the true details became public [4]
BITF Deadline: BITF Investors with Losses in Excess of $100K Have Opportunity to Lead Bitfarms Ltd. Securities Fraud Lawsuit
Prnewswire· 2025-06-28 15:37
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities between March 21, 2023, and December 9, 2024, of the July 8, 2025, deadline to become a lead plaintiff in a class action lawsuit [1][4]. Group 1: Class Action Details - Investors who purchased Bitfarms securities during the specified Class Period may be entitled to 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 move the Court to serve as lead plaintiff by July 8, 2025 [2][5]. - The lawsuit alleges that Bitfarms made false and misleading statements regarding its financial reporting and internal controls, leading to potential misstatements in financial statements [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [3].
Bitfarms Ltd. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before July 8, 2025 to Discuss Your Rights - BITF
Prnewswire· 2025-06-26 13:00
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 - 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 Details - The class period for the lawsuit is from March 21, 2023, to December 9, 2024 [1] - Shareholders are encouraged to register for the class action by July 8, 2025, to potentially become lead plaintiffs [2] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2] Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against 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]
Shareholders of Bitfarms Ltd. Should Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights - BITF
Prnewswire· 2025-06-24 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud affecting investors between March 21, 2023, and December 9, 2024 [1] Group 1: Allegations of Fraud - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2] - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2] - The complaint states that Bitfarms overstated its ability to remediate material weaknesses in its internal controls related to the classification of 2021 Warrants [2] - These errors purportedly led to misstatements in several previously issued financial statements, which may require restatement [2] - Consequently, the company's public statements were deemed materially false and misleading throughout the relevant period [2] Group 2: Legal Process and Participation - Investors who suffered losses in Bitfarms Ltd. during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4]
CleanSpark Reaches 50 EH/s Milestone; Escape Velocity in Action
Prnewswire· 2025-06-24 11:00
First publicly traded miner to reach this scale with fully self-operated infrastructure LAS VEGAS, June 24, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today announced it has achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, a measure of computing power dedicated to mining Bitcoin. "Reaching 50 EH/s is a major milestone. It reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right ...
Cipher Mining Commences Bitcoin Mining at Black Pearl Data Center
Globenewswire· 2025-06-23 20:05
Successfully energizes 300 MW Black Pearl site Commences hashing at 150 MW Black Pearl Phase I Total Cipher hashrate currently at ~16 EH/s and expected to increase to ~23.1 EH/s during the third quarter NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leader in the development of industrial-scale data centers, today announced the successful energization and commencement of hashing at its Black Pearl site. Hashrate currently generated at the site is ...
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Bitfarms Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BITF
GlobeNewswire News Room· 2025-06-23 20:02
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities between March 21, 2023, and December 9, 2024, of the July 8, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Bitfarms securities during the specified Class Period may be entitled to 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 move the Court to serve as lead plaintiff by July 8, 2025 [2] - The lawsuit alleges that Bitfarms made false and misleading statements regarding its financial reporting and internal controls, leading to inaccurate financial statements that may need to be restated [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [3]
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Bitfarms Ltd.(BITF) Shareholders
Prnewswire· 2025-06-23 13:00
DEADLINE: July 8, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/bitfarms-ltd-loss-submission-form/? id=153662&from=4 NEW YORK, June 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Bitfarms Ltd. (NASDAQ: BITF). Shareholders who purchased shares of BITF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. App ...