Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Hut 8 Corp. following a class action complaint filed on February 7, 2024, regarding alleged breaches of fiduciary duties by the board of directors during the Class Period from November 9, 2023, to January 18, 2024 [1][5]. Company Overview - Hut 8 was formed in November 2023 through the merger of Hut 8 Mining Corp. and U.S. Data Mining Group, Inc. (USBTC), which included a 50% interest in a joint venture bitcoin mining facility in King Mountain, Texas [5]. Allegations and Financial Impact - A report by J Capital Research on January 18, 2024, claimed that Hut 8's merger with USBTC was based on misstatements, including undisclosed related party interests and operational failures of USBTC's core asset [5]. - Following the report, Hut 8's stock price dropped by $2.16, or 23.3%, closing at $7.12 per share on January 18, 2024, amid heavy trading volume [5]. Class Action Details - The class action complaint alleges that Hut 8's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations, including issues related to USBTC's largest shareholder and the profitability of its assets [5].

Core Viewpoint - SATO Technologies Corp. is undergoing a strategic review to enhance financial and operational flexibility amid challenging market conditions in the digital asset sector [1][3]. Market Context - The digital asset markets have faced increased volatility, with a notable rise in Bitcoin network hashrate and difficulty, leading to sector underperformance [2]. Strategic Review and Asset Optimization - The management and Board of Directors are exploring strategic and financial alternatives to maintain liquidity and operational flexibility [3]. - The review includes evaluating potential outcomes for the flagship Center One facility, such as sales, partnerships, or joint ventures [9]. - The company is also assessing opportunities to monetize non-core assets to support liquidity without impacting core operations [9]. - SATO is engaged in discussions with Sygnum Bank regarding a forbearance agreement to defer payments under a master loan agreement [9]. - Approximately 15% of the mining fleet has been down-clocked to reduce operating costs and improve efficiency during periods of compressed margins [9]. Company Overview - SATO Technologies Corp., founded in 2017, specializes in high-density computing and digital asset infrastructure, currently operating a data center for Bitcoin mining and considering expansion into High Power Computing and Artificial Intelligence [4].

Core Viewpoint - Bitfarms is transitioning from Bitcoin mining to AI infrastructure, rebranding as Keel Infrastructure to focus on high-performance computing (HPC) and AI data centers in North America [1][2]. Company Transition - The company announced its intention to abandon Bitcoin mining in November, aiming to improve net operating incomes by shifting to AI infrastructure [1]. - CEO Ben Gagnon emphasized that the new name reflects the company's infrastructure-first approach and its commitment to building future computing infrastructure [2]. - A shareholder vote is scheduled for March 20 to approve the transition, which is part of a strategic review by the board over the past year [3]. Market Reaction - Following the announcement, shares of Bitfarms (BITF) increased by 27%, trading around $2.17, amid a broader recovery in crypto equities [2]. - The company plans to complete its U.S. redomiciliation by April 1 and will trade on Nasdaq under the ticker KEEL [2]. Industry Context - Other publicly traded Bitcoin miners, such as Riot Platforms and MARA Holdings, are also shifting towards AI, indicating a broader trend in the industry [4]. - The move to AI may provide a more stable revenue stream for miners facing uncertainty due to fluctuating Bitcoin prices, which recently dropped significantly [4][5].

Core Insights - Financial giants are showing a bearish sentiment towards Bitfarms, with 66% of traders exhibiting bearish tendencies and only 22% being bullish [1] - The average price target set by analysts for Bitfarms is $3.0, with a recent downgrade to Market Perform by Keefe, Bruyette & Woods [5] Options Trading Analysis - There have been 9 unusual trades in Bitfarms options, with 4 puts valued at $194,500 and 5 calls valued at $183,266 [1] - Whales have been targeting a price range of $2.0 to $3.0 for Bitfarms over the last 3 months based on volume and open interest [2] Volume and Open Interest - The volume and open interest data for Bitfarms options indicate significant liquidity and interest, particularly within the $2.0 to $3.0 strike price range over the last 30 days [3] Company Overview - Bitfarms Ltd operates in the cryptocurrency mining industry, focusing on selling computational power for hashing calculations across multiple jurisdictions, including Canada, the United States, and Argentina [4] - The company owns and operates server farms designed to validate transactions on the Bitcoin Blockchain [4] Current Market Position - Bitfarms' trading volume is reported at 45,705,628, with the stock price currently at $2.15, reflecting a 26.37% increase [6] - RSI indicators suggest that the stock is currently neutral, positioned between overbought and oversold [6] - An earnings announcement is expected in 48 days [6]

Core Viewpoint - Bitfarms Ltd. (NASDAQ:BITF) is facing mixed analyst opinions, with concerns about its leasing agreements and rising leverage, despite a raised price target from $2.50 to $3 [1][2]. Group 1: Analyst Ratings and Opinions - Keefe, Bruyette downgraded Bitfarms to Market Perform from Outperform but increased the price target to $3, indicating potential challenges in securing leasing agreements and rising capital expenditures [1]. - KBW analyst Catherine Mealor maintained a Hold rating, citing insufficient differentiated upside in Bitfarms' risk-reward profile, which prevented a Buy recommendation despite some advantages [2]. Group 2: Company Overview - Bitfarms Ltd. operates cryptocurrency mining server farms that validate transactions on the Bitcoin blockchain, positioning itself within the cryptocurrency industry [3].

Core Viewpoint - IREN stock is facing challenges due to concerns regarding its cryptocurrency mining operations, despite the company's shift towards artificial intelligence computing [1] Group 1: Cryptocurrency Mining Operations - The company has experienced negative sentiment surrounding its cryptocurrency mining activities, which has impacted its stock performance [1] Group 2: Shift to Artificial Intelligence - IREN is pivoting towards artificial intelligence computing as part of its strategic direction, indicating a potential long-term growth opportunity [1]

Group 1 - Hut 8 Corp. experienced a significant drop in share prices, falling by 17.89% to $44.48, influenced by negative investor sentiment due to the Treasury department's inability to support the cryptocurrency market [1][2] - The decline in Hut 8's stock was part of a broader trend affecting other cryptocurrency-related companies, including MARA Holdings and Riot Platforms, following Treasury Secretary Scott Bessent's statement regarding the lack of authority to intervene in the cryptocurrency market [2] - Bitcoin's price fell sharply to around $62,000, representing a 50% decrease from its all-time high of $126,000, which further impacted investor confidence in cryptocurrency assets [2] Group 2 - Michael Burry, a well-known investor, expressed concerns about Bitcoin's weakness, warning that a drop to the $50,000 level could lead to a "death spiral" for Bitcoin investors [3] - Hut 8 Corp. is recognized as a leading player in the Bitcoin mining industry and is currently transitioning towards artificial intelligence services [3] - The company holds a majority stake in American Bitcoin Corp., co-founded by Eric Trump, indicating its strategic positioning within the cryptocurrency sector [4]

Core Viewpoint - Riot Platforms Inc. experienced a significant decline in stock price, falling 14.71% to $12.06, primarily due to a drop in Bitcoin prices and lack of government support for the cryptocurrency market [1][2]. Group 1: Market Performance - Riot Platforms Inc. (NASDAQ:RIOT) was one of the worst performers, alongside other companies in the cryptocurrency sector, following the Treasury Secretary's statement that the government lacks authority to support the market [2]. - Bitcoin prices fell to as low as $62,000, marking a 50.8% drop from its all-time high of $126,000 [3]. Group 2: Company Production and Holdings - In December, Riot Platforms produced 460 Bitcoins, an 8% increase from 428 in November, but an 11% decrease compared to December 2024 [4]. - As of the end of last year, Riot Platforms owned a total of 18,005 Bitcoins [5].

Core Insights - HIVE Digital Technologies reported strong performance in January 2026, with a significant increase in Bitcoin production and hashrate growth [1][2] Group 1: Production and Performance - The company produced 297 Bitcoin in January 2026, a 191% increase from 102 Bitcoin in January 2025 [1] - Average daily production reached 9.6 BTC despite a 30% year-over-year increase in global Bitcoin mining difficulty [1] - HIVE's average hashrate for January was 22.2 EH/s, peaking at 23.7 EH/s, representing a 290% increase from 5.7 EH/s a year earlier [2] Group 2: Operational Efficiency - Fleet efficiency averaged 17.5 J/TH, with production of 13.4 Bitcoin per EH/s [2] - The company maintained over 2% of the global Bitcoin network hashrate during January [2] - HIVE's geographically diversified operating model across three continents helped sustain performance during severe cold weather [3] Group 3: Financial Performance - HIVE realized approximately $7.4 million in value through cashless exercises tied to 480 Bitcoin, with an average value of about $102,000 per coin [3] - The company expects its global hashrate to rise to 25.5 EH/s following the installation of new mining equipment [5] Group 4: Renewable Energy and Future Plans - HIVE currently operates 440 MW of renewable-powered energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026 [6] - The added capacity may support Bitcoin mining expansion and potential future AI and HPC computing workloads [6] Group 5: Leadership Perspective - The executive chairman emphasized the company's strength comes from its people and disciplined execution [7]

CleanSpa (B) France Holly FY2026 FIRST QUARTER EARNINGS CALL F Y 2 0 2 6 Q 1 E A R N I N G S C A L L S A F E H A R BO R S TATE M EN T This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this presentation, forward-looking statements include, but may not be limited to, statements regarding the Company's evolving business strategy to expand into the market for high-performing computing ("HPC") and artificial intelligence ("AI") an ...