股价情况 同日美股纳斯达克指数上涨1.19%，资本市场板块整体上涨2.32%，为个股上涨提供外部支撑。但需注 意，灿谷年初至今仍下跌40.33%，长期基本面压力（如净利润亏损、业务依赖加密货币挖矿）仍是主 要风险。 经济观察网 灿谷（CANG.N）股价在2026年2月18日出现显著上涨，单日涨幅达9.15%，收盘报0.90美 元。此次异动主要与以下因素相关： 以上内容基于公开资料整理，不构成投资建议。 业绩经营情况 此前股价连续下跌，2月17日单日跌幅达6.82%，最低触及0.79美元。2月18日开盘后股价从0.83美元拉 升，振幅达14.27%，呈现超跌反弹特征。当日成交量为36.29万股，虽低于前一日61.23万股的水平，但 价格突破均线阻力，反映部分资金低位回补。 行业板块情况 2025年第三季度财报显示，公司总营收达2.246亿美元，同比增长490%，净利润为3730万美元，同比增 长285%。其中比特币挖矿业务收入占比显著，达2.209亿美元，成为业绩主要驱动力。尽管公司长期处 于亏损状态（TTM市盈率为-0.72），但短期业绩改善可能提振了市场信心。 ...

Core Viewpoint - Bit Digital is facing dual impacts from tightening regulatory policies and Bitcoin market volatility in early 2026, leading to significant short-term stock price fluctuations, while institutional ratings maintain a buy recommendation [1] Industry Policy and Environment - The People's Bank of China issued a regulatory notice on February 9, 2026, prohibiting new "mining" projects and addressing activities across the entire chain, which may have a lasting impact on Bit Digital's Bitcoin mining operations [2] - The advancement of the U.S. CLARITY Act is reshaping the cryptocurrency market landscape, indirectly affecting the company's operational environment [2] Stock Recent Trends - Bitcoin prices rebounded in early January 2026, with market sentiment fluctuations often impacting mining-related stocks [3] - Global regulatory divergence, such as the implementation of the EU MiCA regulation, has increased uncertainty in the cryptocurrency market [3] Capital Movements - On January 9, 2026, Bit Digital's trading volume reached $93.2252 million, a 24.12% increase from the previous day, indicating high market activity despite a significant stock price decline of 46.97% over the past 60 days [4] Institutional Perspectives - As of November 23, 2025, six institutions have given buy recommendations for Bit Digital, with a target average price of $5.58, although future updates should be monitored [5]

本公告由德林控股集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）自願 刊發，旨在向本公司股東及潛在投資者通報本集團的最新業務發展情況。 茲提述本公司日期為2025年12月14日、2025年12月30日及2025年12月31日之公告 （「月度更新公告」），內容有關（其中包括）本集團比特幣挖礦業務的最新進展。除另 有界定者外，本公告所用詞彙與月度更新公告所界定者具有相同涵義。本公司董事會 （「董事會」）欣然向其股東及市場更新有關其比特幣挖礦業務的最新進展。 1 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 自願公告 有關比特幣挖礦業務的最新發展 承董事會命 德林控股集團有限公司 主席、行政總裁兼執行董事 陳寧迪 香港，2026年2月2日 於本公告日期，執行董事為陳寧迪先生、郎世杰先生 ...

Core Viewpoint - CANG.US is undergoing a strategic transformation towards cryptocurrency mining, with strong financial performance and a focus on renewable energy, which has garnered positive outlook from HC Wainwright, maintaining an $8 target price and "Buy" rating [1][2]. Financial Performance - In Q2 2025, CANG.US reported total revenue of 1 billion yuan, with the Bitcoin mining segment contributing 989 million yuan, accounting for over 98% of total revenue, indicating a successful shift from traditional business models to a focus on cryptocurrency mining [2]. - The company faced a significant challenge with a net loss of 2.1 billion yuan due to one-time accounting adjustments, but this was not indicative of operational losses, as adjusted EBITDA reached 710.1 million yuan, showcasing strong cash flow generation capabilities [2]. Strategic Initiatives - CANG.US is expanding into renewable energy mining, including the acquisition of a 50 MW mining facility in Georgia, USA, and is enhancing operational efficiency with a significant increase in online mining machine rates [3]. - The company has managed to keep its Bitcoin mining cost at approximately $98,000 per coin, which is significantly lower than market prices, demonstrating effective cost control and risk management [3]. Business Model and Future Outlook - The light-asset operational model and focus on renewable energy align with current ESG investment trends, reducing operational costs and improving financing conditions [3]. - CANG.US is transitioning from a single Bitcoin mining focus to an integrated platform of "Energy + High-Performance Computing (HPC)," with plans to launch HPC pilot projects in the first half of 2026, aiming to establish a second growth curve [3].

Core Viewpoint - Derin Holdings (1709.HK) experienced a significant drop of over 9% in intraday trading, reaching a new low of 3.04 HKD since late June, with a trading volume of 810 million HKD [1] Group 1: Fundraising and Share Placement - The company is conducting a placement of 201 million shares using a "old shares first" method, along with an additional placement of 20 million shares under a special authorization agreement [1] - The subscription price for the shares is set at 2.95 HKD each, representing a discount of approximately 11.94% compared to the closing price from the previous day [1] - The total amount raised from this fundraising effort is approximately 653 million HKD [1] Group 2: Use of Proceeds - The funds raised will be utilized to support the company's strategic acquisitions or investments [1] - The capital will also be directed towards expanding the RWA tokenization program and developing Bitcoin mining operations, as well as establishing Bitcoin reserves [1] - Additionally, the company plans to use the funds to create a licensed virtual asset over-the-counter trading and retail network in Hong Kong [1]

Core Insights - Hyperscale Data, a publicly listed company on the NYSE, has announced that its wholly-owned subsidiary Sentinum has signed a custodial agreement to expand its Bitcoin mining operations and participate in energy reduction programs [1] Company Summary - Hyperscale Data is focusing on enhancing its Bitcoin mining capabilities through the new custodial agreement with Sentinum [1] - The company is also engaging in energy reduction initiatives, indicating a commitment to sustainability within its operations [1] Industry Summary - The announcement reflects a growing trend in the cryptocurrency industry where companies are increasingly looking to optimize energy consumption while expanding mining activities [1]

Core Viewpoint - BitFuFu is experiencing significant growth in revenue and profit due to the recent surge in cryptocurrency prices, with plans to enhance its self-mining operations to further improve profitability [1][2]. Group 1: Financial Performance - BitFuFu's revenue for 2024 increased by 63% to $463.3 million, while net profit surged over fivefold to $54 million [1]. - The company's Bitcoin mining revenue grew by 57% to $157.5 million, slightly outpacing the 52% growth in its cloud mining services [2]. Group 2: Business Strategy - BitFuFu maintains a flexible business model that allows it to adjust mining power between self-mining and cloud mining services based on market conditions [5]. - The company is actively expanding its self-mining operations, having acquired a mining facility in Ethiopia and a majority stake in a mining data center in Oklahoma, USA [5]. Group 3: Cost Management - The ownership of mining machines and data centers leads to higher depreciation costs but helps reduce expenses by eliminating third-party equipment and hosting fees [6]. - BitFuFu's average hosting costs for 2024 decreased by 25% compared to the previous year due to the relocation of some mining machines to the newly acquired Ethiopian data center [6]. Group 4: Market Position - BitFuFu's stock price has risen approximately 4% over the past year, with a current price-to-sales (P/S) ratio of 1.58, which is lower than competitors like Riot Platforms and Mara [7]. - The company's ability to remain profitable in a volatile industry is noteworthy, and its self-mining facilities are seen as a strategic advantage in the current market environment [7].