Hong Kong, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a new generation digital center with inhouse bitcoin mining operations, today announced its unaudited results for the third quarter ended September 30, 2025 which reflect continued solid progress at both its sites in Tennessee. Highlights of the Quarter ●Total revenue reached $1.61 million in Duff, Tennessee, representing a 27.5% increase compared to the same period last year. Profit of this self-owned mining operation was $0.76 ...

Core Insights - Hut 8 experienced significant growth in the first three quarters of 2025, driven by trends in AI and Bitcoin, with shares increasing over 90% in Q3 alone [6][8] - Zweig-DiMenna Associates LLC increased its holdings in Hut 8 by 508,700 shares in Q3 2025, bringing its total position to 707,000 shares valued at approximately $24.61 million as of September 30, 2025 [2][3] - As of December 5, 2025, Hut 8 shares were priced at $42.43, reflecting a 57.0% increase over the year, outperforming the S&P 500 by 44.2 percentage points [3][4] Company Overview - Hut 8 operates as a vertically integrated provider of energy infrastructure and digital asset mining, focusing on Bitcoin and advanced computing workloads [5][7] - The company utilizes large-scale data centers to support cryptocurrency mining and high-performance computing for enterprise clients, aiming to capture value in both digital asset and AI-driven markets [5][7] Financial Metrics - Hut 8's market capitalization is approximately $4.58 billion, with a revenue of $178.32 million and a net income of $205.76 million for the trailing twelve months (TTM) [4] - The fund's investment in Hut 8 now represents 1.72% of Zweig-DiMenna's total assets under management (AUM) of $1.43 billion [3] Market Dynamics - The surge in Hut 8's stock price was partly due to investor optimism regarding Bitcoin, which has been volatile, and the potential impact of a pro-crypto administration [8][9] - Despite the reliance on Bitcoin, Hut 8 is positioning itself as a power generator and digital infrastructure firm, which may provide alternative revenue streams through AI data center services [9]

One hedge fund’s newest bet may depend more on data centers than on bitcoin.New York City-based Kintayl Capital disclosed a new stake in Core Scientific (CORZ +3.20%) valued at approximately $10.2 million, according to its November 14 SEC filing.What HappenedKintayl Capital LP initiated a new position in Core Scientific (CORZ +3.20%) during the third quarter of 2025, acquiring 570,054 shares worth an estimated $10.2 million. The transaction was disclosed in a regulatory filing with the U.S. Securities and E ...

Core Scientific, Inc. is a leading provider of blockchain infrastructure and digital asset mining services in North America, operating a network of advanced data centers. The company leverages proprietary technology and large-scale facilities to optimize mining efficiency and deliver robust hosting solutions to institutional clients. Its integrated business model and focus on operational scale position it as a key player in the evolving digital asset infrastructure market.The company operates a dual busines ...

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short BMNR ETF (Ticker: BMNZ), aimed at sophisticated traders seeking to express short-term bearish views on BitMine Immersion Technologies, Inc. [1][2] Investment Objective - The BMNZ ETF seeks to deliver -200% of the daily percentage change in the share price of BitMine Immersion Technologies, Inc., focusing solely on daily performance before fees and expenses [3][5]. Underlying Stock - BitMine Immersion Technologies, Inc. specializes in industrial-scale digital asset mining, primarily self-mining bitcoin and hosting third-party mining equipment [4]. Fund Suitability - The BMNZ ETF is designed for knowledgeable investors who understand the risks associated with leveraged investments and are willing to actively monitor their portfolios [5][6]. Performance Characteristics - The Fund's performance is intended for short-term use, and its results may differ significantly from -200% of the underlying stock's performance over longer periods due to compounding effects [5][12]. Risks Associated with the Fund - The Fund is subject to various risks, including market volatility, leverage risk, and the potential for significant losses if the underlying stock's price increases [8][14][21].

Core Insights - TeraWulf Inc. reported a third-quarter 2025 adjusted loss of 7 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 4 cents and 40% wider than the loss of 5 cents from the same quarter last year [1] - Revenues reached $50.6 million, marking an 87% year-over-year increase, although it fell short of the consensus estimate by 1.26% [1] - The increase in revenue was attributed to higher bitcoin output, expanded mining capacity, and the initiation of High-Performance Computing (HPC) lease revenues [1] Quarterly Financial Performance - Revenues for the third quarter increased by 87% year over year, driven by a higher average bitcoin price, expanded mining capacity, and the first-time recognition of HPC lease revenues [2] - Non-GAAP adjusted EBITDA was $18.1 million, a 203% increase compared to $6.0 million in the prior-year quarter [2] Segment Performance - Digital asset revenues in the third quarter were $43.4 million, up 60% year over year from $27.1 million in the third quarter of 2024, primarily due to expanded Bitcoin mining capacity and higher average Bitcoin prices [3] - The HPC segment generated its first reported revenues of $7.2 million in the third quarter, indicating a significant operational shift for the company [6] Mining Capacity and Operations - As of September 30, 2025, the Lake Mariner facility has energized 245 MW of Bitcoin-mining capacity, benefiting from low-carbon energy sources [4] - During the third quarter, TeraWulf's power costs averaged approximately 5 cents per kWh, with cost of revenues rising 17% year over year to $17.1 million [5] Strategic Partnerships and Expansion - TeraWulf formed the Abernathy Joint Venture in Texas, initially designed for 240 MW of capacity with potential expansion to 600 MW, backed by a $1.3 billion Google credit enhancement [11] - The company secured a 51% interest in a future 200 MW Fluidstack-led project, enhancing its long-term growth pipeline [12] Capital and Financing - TeraWulf completed over $5 billion in long-term financings to support its expansion, including a $1.0 billion offering of Convertible Notes and a $3.2 billion private offering of Senior Secured Notes [13][14] - The company ended the third quarter with cash and equivalents of $712.8 million, compared to $274.1 million at the end of 2024, with total outstanding debt around $1.5 billion [15] Future Guidance - TeraWulf reaffirmed its growth strategy targeting 250-500 MW of new contracted HPC capacity annually, with a focus on execution for growth beyond 2027 [16][17] - The company aims to have 200-250 MW of HPC capacity operational by year-end 2026, with phased delivery of the 450 MW Akela capacity scheduled through 2026 [18]

Group 1 - BitFuFu Inc. (NASDAQ:FUFU) is recognized as one of the best stocks under $5 with significant upside potential [1] - The company announced the offering of NTMINER S21+ Hyd. Bitcoin miners at a special rate of $15.3 per terahash (TH/s) [1] - The ANTMINER S21+ Hyd. delivers a hashrate of 358 TH/s at 5370 W, achieving an energy efficiency of 15 J/TH [3] Group 2 - BitFuFu Inc. provides digital asset mining and cloud mining services, catering to both individual enthusiasts and institutional customers [4] - The company emphasizes a compliant, secure, and transparent blockchain infrastructure [4] - The hosting fee for mining services is competitively priced at $0.078/kWh, appealing to miners preparing for a potential Bitcoin bull market [2]

Core Viewpoint - Core Scientific shareholders have rejected a proposed $9 billion merger with AI computing company CoreWeave, ending a significant transaction in the high-power computing sector [1][2]. Company Summary - Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining [2]. - The merger was intended to provide CoreWeave with 1.3 gigawatts of gross power across Core Scientific's data center footprint, with potential for an additional 1 gigawatt [3][4]. - Core Scientific's stock rose by 0.3% following the announcement, while CoreWeave's shares fell nearly 4% [3]. Industry Context - The Bitcoin mining industry has faced increasing challenges, including rising operational costs and reduced rewards due to last year's halving, which cut Bitcoin earnings from 6.25 to 3.125 [5]. - Miners are exploring new revenue sources, such as high-performance computing for AI, to cover operational costs [5]. - Transitioning to AI data centers is complex, requiring advanced heating, ventilation, and air conditioning systems compared to traditional Bitcoin mining setups [6].

Core Insights - ORG Wealth Partners, LLC initiated a new position in ARMOUR Residential REIT, acquiring 315,000 shares valued at $4.71 million during Q3 2025, representing 1.0% of the fund's total reportable assets of $470.31 million [1][2][3] Company Overview - ARMOUR Residential REIT primarily invests in residential mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies and government-sponsored entities, operating as a mortgage real estate investment trust (REIT) [5][6] - The company reported a trailing twelve months (TTM) revenue of $116.8 million and a net income of $52.54 million, with a dividend yield of 17.57% as of October 23, 2025 [4] Recent Performance - As of October 23, 2025, ARR shares were priced at $15.94, reflecting an 18.6% decline over the past year and underperforming the S&P 500 by 19.02 percentage points during the same period [3] Investment Strategy - The investment in ARMOUR Residential REIT by ORG Wealth Partners may indicate a strategy to diversify its portfolio, which is heavily weighted towards technology stocks, by adding a high dividend yield asset [9]

Core Points - Enlightify Inc. has received notification from the NYSE regarding the commencement of delisting proceedings for its common stock due to non-compliance with listing standards [1][2] - The company does not intend to appeal the NYSE's determination, and the delisting will be effective 10 days after the filing of Form 25 with the SEC [3] - Following delisting, the company's common stock is expected to be quoted on the OTC Markets under the same ticker symbol (ENFY) [4] Company Overview - Enlightify Inc. produces and distributes humic acid-based compound fertilizers and other agricultural products through its subsidiaries [5] - In 2023, the company expanded its operations by purchasing digital asset mining machines and established Antaeus Tech Inc. for bitcoin mining [5]