About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

SHANGHAI, May 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in April 2025. Bitcoin Mining Update for April 2025 | Metrics | | Apr 2025 1Mar 2025 1 | | --- | --- | --- | | Number of Bitcoins produced | 470.0 | 530.1 | | Average number of Bitcoins produced per day | 15.7 | 17.1 | | Total number of Bitcoins held 2 | 2,944.8 | 2,474.8 | | Total number of Bitcoins sold 2 | - | - | | Deployed hashrate 2 | 32 EH/s | 32 EH ...

Core Insights - CleanSpark (NASDAQ: CLSK) is focused on Bitcoin mining rather than pursuing high-performance computing (HPC) service revenue, differentiating itself from many competitors in the industry [1]. Company Focus - CleanSpark's commitment to Bitcoin mining indicates a strategic choice to capitalize on the growing demand for cryptocurrency rather than diversifying into HPC services [1]. Analyst Background - The analysis is provided by a former media research analyst with expertise in crypto, Bitcoin miners, metals, and media equities, suggesting a knowledgeable perspective on the industry [1].

Company Overview - blockchAIn Digital Infrastructure generated unaudited revenue of $26.8 million and net income of $4.0 million in 2024 [2] - The company focuses on crypto mining, artificial intelligence (AI), and high-performance computing (HPC) data hosting markets [1][3] Transaction Details - Signing Day Sports has signed a non-binding letter of intent to acquire 100% of blockchAIn Digital Infrastructure through an all-equity exchange [1][5] - The transaction is expected to be structured such that blockchAIn Digital Infrastructure will merge with a newly formed subsidiary of Signing Day Sports, becoming a wholly-owned subsidiary [6][9] - The consideration for the transaction is approximately $215.0 million in shares of Signing Day Sports common stock, with blockchAIn Digital Infrastructure's equity securityholders anticipated to own about 91.5% of the combined company post-transaction [9][10] Market Position and Expansion - The digital infrastructure market, including crypto mining, HPC, and AI-related computing, is rapidly evolving due to increasing demand for energy-efficient processing power [3] - blockchAIn Digital Infrastructure currently operates a 40 MW crypto mining facility in South Carolina, with plans to expand to 50 MW, and is commissioning a new 150 MW facility in Texas [4] - The Texas facility is designed to be modular, allowing flexibility for crypto mining and/or AI and HPC data hosting activities, with an initial focus on internally owned crypto mining operations [4] Strategic Rationale - Signing Day Sports views the acquisition as a strategic entry into the digital infrastructure space, enhancing its platform with a technology-driven business that has strong fundamentals and scalable infrastructure [5][7] - The combined company is expected to leverage blockchAIn Digital Infrastructure's existing operations and roadmap towards AI workload enablement [7]