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TeraWulf Schedules Conference Call for First Quarter 2025 Financial Results
Globenewswire· 2025-04-28 16:51
Company Overview - TeraWulf Inc. is a leading owner and operator of vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy sources [4] - The company focuses on environmentally sustainable data center infrastructure designed for Bitcoin mining and high-performance computing [4] - TeraWulf operates the Lake Mariner facility located on a retired coal plant site in Western New York, generating revenue mainly through Bitcoin mining [4] Upcoming Earnings Call - TeraWulf will hold its earnings conference call for the first quarter ended March 31, 2025, on May 9, 2025, at 8:00 a.m. Eastern Time [1][3] - A press release detailing the financial results will be issued prior to the call on the same day [2] Participation Details - Participants can join the call by logging on or dialing in approximately 5 minutes before the start time [3] - Access ID for the call is 13753593, with dial-in numbers provided for participants [3] Replay Information - A replay of the call will be available until May 23, 2025, at 11:59 PM ET [4] - The replay can be accessed via specific dial-in numbers provided [4]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bitfarms Ltd. - BITF
GlobeNewswire News Room· 2025-04-25 17:31
NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Bitfarms Ltd. (“Bitfarms” or the “Company”) (NASDAQ: BITF).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Bitfarms and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On December 9, ...
4 Stocks to Watch as Bitcoin Gears Up to Surpass $100,000 Again
ZACKS· 2025-04-23 14:30
Cryptocurrency Market Overview - The cryptocurrency market has shown signs of recovery, with Bitcoin (BTC) surpassing $93,000, marking a seven-week high [1][4] - The recent rally in Bitcoin is attributed to optimism surrounding potential easing of trade tensions, particularly after President Trump's comments on trade talks with China [2][4] Bitcoin Performance - Bitcoin experienced a significant increase of over 6% in the past 24 hours, stabilizing around $93,850 [4] - Despite the recent gains, Bitcoin remains significantly lower than its all-time high, suggesting a potential buying opportunity before further rallies [2][4] Economic Context - President Trump's tariff policies have previously led to a decline in Bitcoin's value, dropping below $74,000, but a recent announcement of a 90-day halt on tariffs has contributed to its recovery [6] - Inflation rates have declined, with the consumer price index falling 0.1% month-over-month, raising expectations for potential interest rate cuts by the Federal Reserve [7] Selected Stocks with Growth Potential - **NVIDIA Corporation (NVDA)**: Expected earnings growth rate of 43.5% for the current year, with a 1.9% improvement in earnings estimates over the last 60 days [9] - **Visa Inc. (V)**: Expected earnings growth rate of 12.4% for the current year, with a 0.9% improvement in earnings estimates over the last 90 days [11] - **Accenture plc (ACN)**: Expected earnings growth rate of 8.2% for the current year, with a 0.1% improvement in earnings estimates over the last 90 days [12] - **HIVE Blockchain Technologies Ltd. (HIVE)**: Expected earnings growth rate of 72.7% for the current year, with a substantial 34.8% improvement in earnings estimates over the last 90 days [13] Industry Developments - Visa is expanding its stablecoin settlement capabilities to the Solana blockchain, enhancing global transaction efficiency [10] - Accenture promotes Ethereum-based blockchain solutions to streamline payment processing for businesses [12] - HIVE Blockchain Technologies focuses on cryptocurrency mining and bridging crypto with traditional capital markets [13]
Riot Platforms Announces $100 Million Credit Facility with Coinbase
Prnewswire· 2025-04-23 13:00
CASTLE ROCK, Colo., April 23, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the "Credit Facility") with Coinbase Credit, Inc. ("Coinbase"), a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). Under the terms of the Credit Facility, Coinbase will provide a multiple drawdown term loan facility in an aggregate principal amount up to ...
BitFuFu Files 2024 Annual Report on Form 20-F
Newsfilter· 2025-04-21 22:00
Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [2][3] - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and remains a strategic partner in the Bitcoin mining space [2] Recent Developments - BitFuFu announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 21, 2025 [1] Business Focus - The company is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [3] - BitFuFu leverages its expanding global mining facility network and strategic partnership with BITMAIN to enable efficient mining for institutional customers and digital asset enthusiasts [3]
RETRANSMISSION: HIVE Digital Technologies Announces 100% Completion of First 100 MW Infrastructure in Paraguay and Strategic Operational Hire
Newsfile· 2025-04-21 10:00
Core Insights - HIVE Digital Technologies has completed the 100% construction and energization of its 100 MW Phase 1 infrastructure at the Yguazù facility in Paraguay, which is supported by a fully energized 200 MW substation [3][4] - The company has appointed Carlos Anibal Torres as the new Paraguay Operations & Project Manager to facilitate its expansion in the region [3][6] - HIVE aims to scale its operations to 5 exahash per second (EH/s) in Paraguay and a total of 11.5 EH/s across all operations by the end of Q2 2025 [5][6] Infrastructure and Operations - The completed infrastructure at the Yguazù site enables a capacity for 5 EH/s of next-generation ASIC miners, with 200 petahashes currently operational using proprietary BUZZ Miners [4] - Initial deliveries of new-generation ASICs, including over 20,000 Bitmain S21+ units, are expected to arrive by the end of May, contributing to the scaling efforts [5] - HIVE's management has set a target to reach 25 EH/s by Fall 2025, which would produce over 12 Bitcoins daily at current difficulty levels [6] Financial Management and Growth Strategy - As of March 31, HIVE secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management, marking a strategic pivot with no debt [6] - The company has granted 2,797,000 Restricted Share Units (RSUs) to select employees, ensuring management remains focused on sustainable growth [9][10] - HIVE continues to maintain one of the industry's lowest general and administrative costs per Bitcoin mined while minimizing shareholder dilution [9] Leadership and Vision - Carlos A. Torres Pérez, the new Operations & Project Manager, brings over 15 years of experience in large-scale infrastructure and energy systems, which is expected to enhance HIVE's operational capabilities in Paraguay [7][8] - HIVE's management emphasizes the importance of moving quickly and executing with precision to establish a strong foundation for the digital future in Paraguay [8]
HIVE Digital Technologies Announces 100% Completion of First 100 MW Infrastructure in Paraguay and Strategic Operational Hire
Newsfile· 2025-04-21 05:09
Core Insights - HIVE Digital Technologies has announced the 100% completion of its 100 MW Phase 1 infrastructure at the Yguazù facility in Paraguay, which is supported by a fully energized 200 MW substation [2][3] - The company has appointed Carlos Anibal Torres as the new Paraguay Operations & Project Manager to facilitate expansion in the region [2][5] Infrastructure and Operations - The completed infrastructure enables a capacity of 5 exahash per second (EH/s) for next-generation ASIC miners, with 200 petahashes currently operational using proprietary BUZZ Miners [3] - HIVE expects to have a total of 8,000 BUZZ Miners operational by the end of April 2025, with initial deliveries of new-generation ASICs, including over 20,000 Bitmain S21+ units, expected by the end of May [4] - The company aims to scale to 5 EH/s in Paraguay and a total of 11.5 EH/s across all operations by the end of Q2 2025 [4] Growth Strategy - HIVE's COO stated the goal is to reach 25 EH/s by Fall 2025, producing over 12 Bitcoins daily at current difficulty levels [5] - As of March 31, 2025, the company secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management [5] - The company has completed its expansion from 6.5 EH/s to 11.5 EH/s, which has been fully paid for [5] Leadership and Team - Carlos A. Torres Pérez, the new Operations & Project Manager, has over 15 years of experience in large-scale infrastructure and energy systems, which will support HIVE's operational needs in Paraguay [6] - The company emphasizes the importance of local talent and operational depth as it scales its operations [7] Employee Incentives - HIVE is granting 2,797,000 Restricted Share Units (RSUs) to select employees, officers, directors, and eligible consultants, with a one-year vesting period to ensure focus on sustainable growth [9][10] - The management team continues to demonstrate strength by expanding its Bitcoin and HPC footprints while maintaining low general and administrative costs per Bitcoin mined [9]
BIT Mining Announces March 2025 Production and Operations Updates
Prnewswire· 2025-04-10 10:05
Core Insights - BIT Mining Limited is a leading technology-driven cryptocurrency mining company that released its monthly mining production and operational updates for March 2025 [1] Mining Production and Operations Highlights - BIT Mining is expanding its international mining operations in Ohio and Ethiopia, focusing on scalable and clean-energy-powered infrastructure [2] - The company operates over 28,000 mining machines, with a current operational hash rate of 423 PH/s, and anticipates increased utilization and efficiency in the coming months [3] - In March, BIT Mining produced a total of 41.55 Bitcoin (BTC), with 34.96 BTC for hosted clients and 6.59 BTC self-mined, alongside approximately 2,383,708 Dogecoin (DOGE) and 651.6 Litecoin (LTC) [7] CEO's Commentary - The CEO emphasized steady operational progress and cost discipline, with the cost per self-mined BTC remaining stable at $65,831, while highlighting the long-term growth opportunity in Ethiopia [4] Infrastructure and Capacity Updates - In Ohio, BIT Mining has a power capacity of 82.5 MW, while in Ethiopia, ongoing construction is expected to increase total site capacity to 51 MW by May 2025 [7]
BitFuFu Announces March 2025 Bitcoin Mining and Operation Updates
Globenewswire· 2025-04-09 12:00
Core Insights - BitFuFu Inc. reported an increase in Bitcoin holdings and production for March 2025, highlighting its operational efficiency and market resilience amid macroeconomic risks [3][8][9] Bitcoin Holdings and Production - As of March 31, 2025, BitFuFu held 1,847 Bitcoins, an increase of 47 BTC from the end of February 2025 [8][9] - The company produced a total of 234 BTC in March 2025, which included 58 BTC from self-mining operations and 176 BTC for cloud-mining customers [8][9] - Self-mining production remained unchanged at 58 BTC, while cloud-mining production saw a 9% increase from February 2025 [9] Hashrate Management - Total hashrate under management reached 20.6 EH/s as of March 31, 2025, with self-owned hashrate increasing by 1.1 EH/s or 35% compared to the previous month [9] - The company has a total power management capacity of 478 MW [5] Miner Energization - Most of the 2,000 S21 XP miners and 4,000 S21+ miners ordered in late 2024 have been energized in the company's secured datacenters in the U.S. by the end of March 2025, contributing to the increased self-owned mining capacity [8][9] Cloud-Mining Growth - The number of registered users for cloud-mining services reached 607,377 as of March 31, 2025 [6] Upcoming Conferences & Events - BitFuFu is scheduled to present at the Jefferies Power x Coin Virtual Conference on April 16, 2025, and participate in Bitcoin 2025 in Las Vegas from May 27-29, 2025 [10]
RETRANSMISSION: HIVE Digital Technologies Announces Energization and Commencement of Operations at Yguazú Site and March 2025 Production Results
Newsfile· 2025-04-07 10:00
Core Viewpoint - HIVE Digital Technologies has commenced mining operations at its hydro-powered 200 MW site in Yguazú, Paraguay, achieving an initial production rate of 100 Petahash and reporting significant Bitcoin production results for March 2025 [3][5][6]. Group 1: Operations and Production - HIVE has officially energized Phase 1 of its Yguazú site and is now mining Bitcoin at an initial production rate of 100 Petahash [5]. - The company mined 108 Bitcoin in March 2025, increasing its HODL balance to 2,201 BTC, valued at approximately $180 million based on a BTC price of $82,000 [6]. - HIVE operated at an average hashrate of 6.3 Exahash per second (EH/s), achieving a peak BTC-only hashrate of 6.2 EH/s [6]. Group 2: Strategic Growth and Future Plans - HIVE aims to quadruple its production capacity from approximately 6 EH/s to 25 EH/s by the end of calendar 2025, supported by a robust pipeline of next-generation mining equipment [10]. - The company is fully funded to support its expansion in Paraguay, with disciplined capital strategy and efficient infrastructure [10][11]. - HIVE's local operations team in Paraguay has been critical in meeting the ambitious schedule for the site [7]. Group 3: Executive Commentary - Frank Holmes, Co-Founder and Executive Chairman, highlighted the energization of the Yguazú facility as a pivotal milestone and emphasized the company's disciplined approach to infrastructure investment [11]. - Aydin Kilic, President and CEO, noted the efficient and sustainable progress of the expansion in Paraguay, aiming to become a leading green-powered Bitcoin miner [11].