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DMG Blockchain Solutions Announces Preliminary July Operational Results, Treasury Update, Launch of Blockseer Explorer
GlobeNewswire News Room· 2025-08-07 02:49
Core Insights - DMG Blockchain Solutions Inc. reported a 6% increase in its realized hashrate to 1.65 EH/s in July 2025, attributed to the operationalization of its hydro infrastructure [1][8] - The company successfully addressed infrastructure contamination issues and is now experiencing minimal hashrate fluctuations in its hydro mining segment [1] - DMG's bitcoin balance decreased to 307 BTC by the end of July, following sales to fund operating expenses and reduce its loan balance with Sygnum Bank [2][8] Operational Performance - The hashrate for July 2025 was 1.65 EH/s, up from 1.56 EH/s in June 2025 [1][8] - The company mined 26 BTC in July, compared to 23 BTC in June [8] - DMG's hydro miners are performing well under higher ambient temperatures, with a significantly lower initial failure rate than previous generations of equipment [1] Financial Position - DMG has paid down more than half of its $20 million loan balance with Sygnum Bank as of March 31, 2025 [3] - The company anticipates increasing its bitcoin balance while limiting further debt reductions [3] - DMG's cash cost of energy for bitcoin mining is below market price, making it attractive for growing its bitcoin balance [3] Product Development - DMG relaunched Blockseer Explorer, a tool designed for Bitcoin-native operators, allowing users to track wallet activity and export transaction data easily [4] - The Blockseer Explorer is available at no cost, targeting a specific and underserved market segment [4] Company Overview - DMG is a vertically integrated blockchain and data center technology company focused on monetizing digital assets and AI compute ecosystems [5] - The company operates a carbon-neutral Bitcoin ecosystem through its subsidiary, Systemic Trust Company [5]
Unitronix Corp. Expands Diversified Digital Asset Treasury Strategy With Ethereum Allocation
Prnewswire· 2025-08-06 12:30
Core Insights - Unitronix Corp. is expanding its digital asset treasury strategy to include Ethereum, alongside its existing Bitcoin reserves, to create a multi-asset treasury model aimed at resilience and growth [1][2] - The integration of Ethereum is seen as a significant step towards maximizing long-term value and enabling participation in decentralized finance (DeFi) [2][3] Company Strategy - The company views Bitcoin as a foundational asset while Ethereum is considered a functional asset that unlocks programmable capital for staking, smart contracts, and asset tokenization [3] - Unitronix plans to stake a portion of its Ethereum holdings to earn passive yield and enhance network decentralization and security [3] Recent Developments - The announcement follows Unitronix's recent acquisition of Bitcoin, which positions the company on the Bitcoin Treasuries list and includes a partnership for accessing up to 50% of monthly BTC production from a U.S.-based data center [4] - These initiatives are part of Unitronix's treasury modernization framework focused on functionality, utility, and yield optimization [4] Company Overview - Unitronix specializes in the tokenization of real-world assets (RWAs) and employs smart contracts to improve transparency, security, and liquidity in its operations [5] - The company combines advanced cryptocurrency strategies with disciplined financial planning to innovate in the management and monetization of tokenized assets [5]
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].
X @CoinMarketCap
CoinMarketCap· 2025-08-05 19:00
🚀 Week in Solana: Seeker Phones Ship, Phantom Buys Sniper📈 CME futures volume triples! TROLL rockets +242%! Phantom acquires Solsniper! SOL dips to $155 but bounces back! DEX volume cools 29%, but institutional momentum builds!Here's this week's breakdown 🧵👇1/6 https://t.co/kX7l42Vxq8 ...
Sol Strategies Monthly Update
Newsfile· 2025-08-05 13:23
Core Insights - SOL Strategies Inc. reported a 15% month-over-month revenue growth from June to July 2025, indicating strong operational performance [1][8] - The company has received board approval for a 1-for-8 share consolidation to facilitate its planned Nasdaq listing, which is a significant step towards accessing U.S. capital markets [8][9] - ARK Invest's Digital Asset Revolutions Fund has selected SOL Strategies as its exclusive staking provider, marking a notable partnership with a leading asset management firm [8][9] Financial Performance - Validator operations generated a 15.4% increase in revenue in SOL terms compared to June, driven by growth in network activity and operational efficiencies, achieving a gross margin of approximately 90% [8][9] - As of July 31, 2025, the company holds 396,717 SOL valued at CAD $91.4 million and combined SOL holdings of 428,995 SOL valued at CAD $98.8 million [8] - The company has achieved 100% uptime on its validator operations for over 500 days, showcasing reliability in its infrastructure [8] Upcoming Events - SOL Strategies will release its financial results for the third quarter ending June 30, 2025, on August 26, 2025, followed by a webcast to discuss performance and strategic progress [10][11]
Bit Origin Announces Completion of Share Capital Reduction
Globenewswire· 2025-08-04 20:30
SINGAPORE, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company") today announced that it has completed a reduction of its issued share capital, following the approval by its shareholders and subsequent confirmation by the Grand Court of the Cayman Islands. On June 5, 2025, the Grand Court of the Cayman Islands issued an order confirming the Company’s special resolution passed at its annual general meeting held on March 14, 2025, to reduce the par value of each issue ...
Unitronix Corp. Acquires 5.5 Bitcoin to Launch Strategic Treasury Mining Partnership
Prnewswire· 2025-08-04 17:50
Core Insights - Unitronix Corp. has initiated a Strategic Bitcoin Mining Partnership by acquiring 5.5 Bitcoin (BTC) valued at over $600,000, reinforcing its commitment to digital asset leadership and long-term value creation [1][2][3] Group 1: Strategic Initiatives - The acquisition supports Unitronix's Bitcoin Treasury Reserve Policy, aiming to diversify treasury holdings with assets that provide enduring value, liquidity, and risk mitigation [2][3] - The company emphasizes disciplined Bitcoin accumulation to enhance shareholder value and provide exposure to digital asset markets while serving as a hedge against macroeconomic uncertainties [2][3] Group 2: Management Perspective - Kenneth J. Williams, CEO of Unitronix, stated that the acquisition reflects the company's belief in Bitcoin as a key component of a modern, growth-oriented treasury model [3] - The company is focused on aligning its capital strategy with on-chain finance trends and is considering future acquisitions, strategic partnerships, and DeFi integrations based on market opportunities [3] Group 3: Company Overview - Unitronix specializes in blockchain technology and cryptocurrency asset management, particularly in the tokenization of real-world assets (RWAs) [4] - The company utilizes smart contracts to enhance transparency, security, and liquidity in its digital asset operations, positioning Bitcoin as a macro-hedge and a long-term value-preserving asset [4]
BTC Digital Ltd. Postponed Extraordinary General Meeting to August 22, 2025
Prnewswire· 2025-08-04 12:00
The previously adjourned Meeting was convened on Monday, August 4, 2025, at 9:30 a.m. Eastern Time. Due to continued lack of the required quorum, the Chairman further postponed the Meeting to August 22, 2025. As a result of the Postponement, the Meeting will now be held at 9:30 a.m. Eastern Time on August 22, 2025, at 61 Robinson Road, Level 6 & 7, #738, Singapore 068893. For more information, please visit: https://btct.investorroom.com/ Participants in the Solicitation The Company, its directors and certai ...
X @Chainlink
Chainlink· 2025-08-03 22:07
⬡ Chainlink Adoption Update ⬡This week, there were 8 integrations of the Chainlink standard across 4 services and 11 different chains: Arbitrum, Avalanche, Base, BNB Chain, BOB, Ethereum, Hyperliquid, Solana, Polygon, Plume, and XDC Network.New integrations include EDinheiro, @michionsolana, @MisyonBank, @OpenUSDT, Plexos Institute, @Polytrade_fin, and @vsntoken.Explore the complete Chainlink ecosystem: https://t.co/LDZpTVgZbK ...