Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce that on July 17, 2025, the Company repaid its outstanding bitcoin-backed loan of approximately US$2.560 million (the "Loan"). The Loan, which was made to the Company by an arm's length third party on March 14, 2025, was secured by approximately 50.5 of the Company's bitcoin, ca ...

CASTLE ROCK, Colo., July 17, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announced today that it has scheduled its second quarter 2025 earnings conference call for Thursday, July 31, 2025, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended June 30, 2025. This conference call will be availa ...

HONG KONG, July 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.The approved resolutions authorize significan ...

Core Viewpoint - Hut 8 Corp. has announced a corporate rebrand to better align its external positioning with its strategic focus on energy and digital infrastructure, emphasizing a disciplined capital allocation and operational rigor [1][2] Company Developments - The rebrand reflects a power-first, innovation-driven approach to developing and operating energy and digital infrastructure [2] - Since the merger with U.S. Data Mining Group in November 2023, Hut 8 has expanded its energy infrastructure platform to 1,020 megawatts (MW) under management across 15 sites as of March 31, 2025 [2] - The company has built a utility-scale power origination pipeline of approximately 10,800 MW, a more than threefold increase from over 3,000 MW at the end of Q2 2024 [2] - Hut 8 is advancing AI data center development opportunities with a total capacity of 430 MW, including a 592-acre campus in Louisiana [2] - The company has restructured its Bitcoin mining business into a standalone entity, American Bitcoin Corp., allowing for independent scaling [2] Financial Strategies - Hut 8 executed innovative financings, including an upsized Coinbase credit facility from $65 million to $130 million at a fixed interest rate of 9.0% [2] - A Bitcoin-backed call option structure was utilized to fund machine purchases from BITMAIN, and a covered call program generated over $20 million in net proceeds in fiscal year 2024 [2] - An at-the-market equity offering program raised $275.5 million in net proceeds at a weighted average price of $28.23 per share as of March 31, 2025 [2] Institutional Growth - Institutional ownership increased from approximately 12% at the end of Q1 2024 to about 55% by year-end 2024, supported by strategic investments and the onboarding of a Big 4 audit firm [8] - The company has realigned its reporting structure to provide a clearer view of how each layer of its platform contributes to growth and profitability [8] Brand Legacy - The Hut 8 name remains unchanged, honoring the legacy of technical innovation associated with Alan Turing's work at Bletchley Park [3]

Core Viewpoint - Cathedra Bitcoin Inc. has appointed Joel Block as the new Chief Executive Officer, marking a significant leadership change aimed at pursuing the company's strategic objectives in the bitcoin infrastructure sector [1][3]. Management Changes - Joel Block will also serve as a member and chairman of the Board of Directors, while former CEO AJ Scalia and former President Drew Armstrong have resigned but will remain in advisory roles during the transition [2][3]. - The Board expressed confidence in Block's leadership skills and experience, believing he will provide new guidance and vision for the company [3]. Joel Block's Background - Block previously served as Chief Financial Officer of US Bitcoin Corp., where he led a major merger with Hut 8 Corp, and was involved in a $750 million spin-off of Celsius Network's bitcoin mining subsidiary [4]. - His experience includes roles at Credit Suisse, focusing on institutional fixed income and interest rate derivatives [4]. Company Overview - Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America, hosting bitcoin mining clients in three data centers with a total capacity of 30 megawatts [6]. - The company has produced approximately 400 PH/s of hash rate through its proprietary bitcoin mining machines [6].

On Monday, July 7, AI infrastructure darling CoreWeave (CRWV -9.60%) announced it would be acquiring Bitcoin miner Core Scientific (CORZ -1.97%) in an all-stock deal.Large acquisitions like this $9 billion venture can sometimes blow up in the acquiror's face. However, delving into the details of this deal's terms, not only does the combined company appear to have a high-probability of realizing significant benefits, but the acquisition also appears to have limited risks relative to typical large deals.Three ...

Core Insights - Bitdeer Technologies Group has joined the Russell 2000® and 3000® Indexes as of June 30, 2025, marking a significant milestone for the company [1][5] - The company has increased its self-mining hashrate by 21% to 16.5 EH/s and aims to reach 40 EH/s by the end of October 2025 [1][3] - The SEALMINER A3 series is nearing mass production, with all machine level testing results meeting expectations [1][3] Operational Update - Self-mined Bitcoin increased to 203 Bitcoins in June 2025, a rise of approximately 4% from May 2025 [4] - Total hash rate under management reached 30.6 EH/s in June 2025, up from 27.4 EH/s in May 2025 [5] - The company has manufactured a total of 14.9 EH/s in mining rigs, with 5.3 EH/s shipped to external customers [4] Mining Rig Manufacturing and R&D - SEALMINER A1 has 3.9 EH/s energized, while SEALMINER A2 has 14.9 EH/s manufactured and 1.1 EH/s in final assembly [4] - SEALMINER A4 is on track to achieve an expected chip efficiency of approximately 5 J/TH [4] Infrastructure Update - Total electrical capacity across various sites is 1,098 MW, with several sites in progress and expected to be fully energized by Q3 2025 [7][9] - The company has ongoing discussions for HPC/AI projects with multiple development partners in the U.S. [4] Financial Update - Bitdeer successfully closed a total of US$375.0 million principal amount of 4.875% Convertible Senior Notes due 2031 through an oversubscribed private placement offering [4] - Bitcoin held by the company increased to 1,502 Bitcoins as of June 2025, compared to 1,351 in May 2025 [5]

Group 1 - Hyperscale Data, Inc. announced that its subsidiary Sentinum, Inc. received approximately 13.7 Bitcoin in June 2025 and approximately 103.7 Bitcoin year-to-date through June 30, 2025 from its mining pool [1][2] - Sentinum entered into a hosting services agreement in Montana, providing access to approximately 20 megawatts of energy capacity for its Bitcoin mining operations, with 6,800 Antminers delivered and operational [2][3] - The company reported approximately $11.2 million in year-to-date Bitcoin mining revenue, with expectations for significant revenue growth in the third and fourth quarters of 2025 [3] Group 2 - The activation of two additional Bitcoin mining sites has increased the total operational Antminers to approximately 18,200 [3] - Sentinum has reenergized approximately 10 MWs of power at its Montana facility, with plans to increase operational Antminers from 2,600 to approximately 3,200 by the end of July 2025 [2][3] - The company is focused on maximizing efficiency and delivering long-term value to stockholders [3] Group 3 - Hyperscale Data is planning to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, transitioning to solely operate data centers for high-performance computing services [6] - The company will continue to support various industries, including AI ecosystems, through its data center operations [5][6]

Investors 'probably' expected a higher valuation for Core Scientific, Bernstein says after bitcoin mining stock falls 17% https://t.co/BUGYq9F6fJ ...

Group 1 - CoreWeave Inc announced an all-stock acquisition of Core Scientific Inc, valuing the latter at $9 billion or $20.40 per share, significantly higher than its pre-deal price of under $11 [1][2] - CoreWeave's stock fell by 3.9% despite a 293% year-to-date rally, indicating investor skepticism about the merger of high-growth AI with high-volatility crypto mining [2][3] - Core Scientific has seen a 12% decline in the past month and remains negative year-to-date, yet the acquisition offer suggests nearly double its current share price [3][4] Group 2 - The acquisition is positioned as a strategic move for CoreWeave to secure cheap, scalable power for its AI infrastructure, leveraging Core Scientific's energy-dense data centers [2][4] - There is uncertainty regarding whether a 2021-style crypto valuation can be sustained in the current market environment, with investors currently not convinced [4]