Bitdeer Technologies Group (NasdaqCM:BTDR) Q4 2025 Earnings call February 12, 2026 08:00 AM ET Speaker11Good day, and thank you for standing by. Welcome to the Bitdeer fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You'll then hear an automated message advising you your hand is raised. ...

Core Insights - Bitdeer Technologies Group has reported a significant financial turnaround in Q4 2025, achieving a net profit of US$70.5 million compared to a net loss of US$531.9 million in the same quarter of the previous year [5][21][32] - The company is strategically transitioning towards high-performance compute infrastructure and colocation services, anticipating a widening supply/demand imbalance in global AI infrastructure [2][3] - The self-mining operations remain a key component of the business, with a substantial increase in Bitcoin mined and hash rate under management [3][5] Financial Performance - Total revenue for Q4 2025 was US$224.8 million, a significant increase from US$69.0 million in Q4 2024 [5][9] - Cost of revenue rose to US$214.3 million from US$63.9 million, primarily due to higher electricity and depreciation costs [5][14] - Gross profit was US$10.6 million, up from US$5.1 million, with a gross margin of 4.7% compared to 7.4% in the previous year [5][17] Operational Metrics - The total hash rate under management increased to 71.0 EH/s from 21.6 EH/s year-over-year, with self-mining contributing 55.2 EH/s [3][9] - Bitcoin mined through self-mining operations reached 1,673 BTC, a significant increase from 469 BTC in Q4 2024 [5][9] - The number of mining rigs under management grew to 293,000, up from 175,000, with self-owned rigs increasing to 211,000 [3][9] Cash Flow and Balance Sheet - Cash and cash equivalents as of December 31, 2025, were US$149.4 million, down from US$476.3 million a year earlier [5][25] - The company generated net cash from financing activities of US$454.5 million, primarily from convertible senior note issuances [25][34] - Total assets increased to US$2.8 billion from US$1.6 billion year-over-year, reflecting growth in mining rigs and inventories [25][30] Strategic Initiatives - Bitdeer is pursuing a dual-track AI infrastructure strategy, focusing on colocation for large sites while expanding GPU-as-a-service opportunities [2][3] - The company is leveraging its power procurement and infrastructure development capabilities to meet the growing demand for AI compute capacity [2][3] - The operational infrastructure and speed to market are highlighted as competitive advantages in the current market landscape [2][3]

来源：市场资讯 （来源：吴说） 吴说获悉，比特币矿企 Cango Inc. (NYSE: CANG) 宣布已完成此前公布的来自 Enduring Wealth Capital Limited (EWCL) 的 1050 万美元股权投资。此外，公司已与董事长 Xin Jin 及董事 Chang-Wei Chiu 全资 拥有的实体签署最终协议，这些实体同意向公司进行总计 6500 万美元的额外股权投资。本次额外投资 的 A 类普通股认购价格为每股 1.32 美元。Cango 表示，将利用这笔资金继续发展其综合能源及 AI 算力 平台业务。 ...

Cango Inc. Closed the US$10.5 Million Equity Investment and Secured US$65 Million Additional Equity Investments [Accessibility Statement] Skip NavigationDALLAS, Feb. 12, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it closed the previously announced US$10.5 million equity investment from Enduring Wealth Capital Limited ("EWCL"), and entered into d ...

Cango Inc. Closed the Previously Announced US$10.5 Million Equity Investment from EWCL and Secured US$65 Million Additional Equity Investments [Accessibility Statement] Skip NavigationDALLAS, Feb. 12, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it closed the previously announced US$10.5 million equity investment from Enduring Wealth Capital Limit ...

Key Takeaways Morgan Stanley set a $38 target on CIFR and $37 on WULF, implying roughly 158-159% upside. Cipher Mining is pivoting toward AI data center leasing for steadier, long-term cash flows. ETFs holding WULF and CIFR offer diversification amid miners' recent volatility.Morgan Stanley’s recent initiation of coverage on Cipher Mining (CIFR) and TeraWulf (WULF) with overweight ratings sent both bitcoin miners’ shares soaring by double digits, as investors reacted enthusiastically to the bullish outlook. ...

Bitcoin Mining Economics Signal Potential Market FloorETF Trends is now VettaFi. Read More --Bitcoin is currently trading below the average cost of production for listed miners, a situation that historically doesn't last long, according to recent CoinShares [research].The average production cost for publicly traded bitcoin mining companies sits around $74,600, per the report. When prices fall below this threshold, miners face pressure on their balance sheets and capital spending, typically forcing a contrac ...

Soluna Holdings (NASDAQ: SLNH) began energizing Project Kati 1 as of Tuesday following approval from the Texas grid authority ERCOT, according to a Soluna press release. The 83 MW data center expansion in South Texas lifts the company’s total compute capacity past 200 MW. Soluna’s management targets full completion of the project by the fourth quarter of 2026. Soluna anticipates the project will generate between $17.3 million and $19.6 million in annual revenue. The facility operates on renewable energy ...

We recently published 10 Big Names With Effortless Double-Digit Gains. TeraWulf Inc. (NASDAQ:WULF) was one of the best performers on Monday. TeraWulf soared by 16.52 percent on Monday to finish at $16.62 apiece as investors took heart from Morgan Stanley’s bullish coverage for its stock. In a market report, the investment firm issued an “overweight” rating for TeraWulf Inc. (NASDAQ:WULF) with a price target of $37. The figure marked a 123 percent upside potential from its latest closing price. Accordin ...

Cango (NYSE: CANG), a Bitcoin (BTC) mining company, said it sold 4,451 BTC over the weekend, generating net proceeds of about $305 million as it moves to reduce leverage tied to a bitcoin-collateralized loan. The company said on Feb. 9 the transaction was settled in Tether’s USDT stablecoin, with the full amount used to pay down debt backed by its Bitcoin holdings. Related: Popular crypto company exits Bitcoin amid crash The move comes as mining economics remain volatile and reflects what the company de ...