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TeraWulf (WULF) Soars 16% After Morgan Stanley Posts Upbeat Rating
Yahoo Finance· 2026-02-10 12:42
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 ...
Cipher Mining Announces Date of Fourth Quarter and Full Year 2025 Business Update Conference Call
Globenewswire· 2026-02-09 21:05
NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it will provide a business update and release its fourth quarter and full year 2025 financial results before U.S. markets open on Tuesday, February 24th, 2026. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://inv ...
Cango Inc. Releases 2025 Letter to Shareholders
Prnewswire· 2026-02-09 12:04
Core Insights - The year 2025 was a pivotal chapter for Cango, marking a strategic transformation towards becoming a leading Bitcoin miner and setting the stage for future opportunities in AI compute infrastructure [1][2]. Company Strategy - Cango has executed a disciplined entry into the Bitcoin mining industry, achieving a hashrate efficiency of 50 EH/s and securing 50 MW of energy infrastructure while transitioning to a direct NYSE listing [2][3]. - The company has made treasury adjustments to strengthen its balance sheet and reduce financial leverage, enhancing its capacity for strategic expansion into AI compute infrastructure [3]. Transition to AI Compute - Cango's global mining operations and infrastructure provide a pathway to meet the growing demand for AI compute, addressing the "Power Gap" between compute demand and existing grid capacity [4]. - The transition to AI compute will follow a three-phase roadmap: - Near Term: Standardization and deployment of modular GPU compute nodes for rapid market entry [5]. - Medium Term: Deployment of a proprietary software platform to manage distributed compute capacity [6]. - Long Term: Growth into a mature global AI infrastructure platform, activating underutilized power across the mining ecosystem [7]. Ecosystem Development - Cango aims to create broader ecosystem value by positioning itself as an "Ecosystem Enabler," leveraging underutilized energy infrastructure from the Bitcoin mining industry for AI needs [11]. - The company has established EcoHash Technology LLC to advance its AI compute initiatives, assembling a dedicated team for technical execution [8]. Value Creation - The shift towards a technology-driven infrastructure platform is expected to open new recurring revenue streams, building a resilient business model that complements existing mining operations [13]. - Cango recognizes that the transition from mining to AI compute is a long-term journey, requiring sustained effort and clear execution of its roadmap [14].
CleanSpark (CLSK) Loses 19% as Earnings, Bitcoin Fall
Yahoo Finance· 2026-02-06 07:21
We recently published 10 Big Names, Bigger Losses. CleanSpark Inc. (NASDAQ:CLSK) was one of the worst performers on Thursday. CleanSpark saw its share prices decline by 19.13 percent on Thursday to end at $8.27 apiece as investors digested the company’s dismal earnings performance in the first quarter of fiscal year 2026, as well as Bitcoin’s marked 50 percent fall from its all-time high. In an earnings call, CleanSpark Inc. (NASDAQ:CLSK) said that it swung to a net loss attributable to shareholders of $ ...
CleanSpark(CLSK) - 2026 Q1 - Earnings Call Transcript
2026-02-05 22:32
CleanSpark (NasdaqCM:CLSK) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsBrian Dobson - Brian Dobson is Managing Director of Disruptive Technology Equity ResearchGary Vecchiarelli - President and CFOHarry Sudock - Chief Business OfficerMatt Schultz - Chairman and CEOConference Call ParticipantsGareth Gacetta - Equity Research AnalystGreg Lewis - Managing Director and Energy and Infrastructure AnalystJim McIlree - Senior Research AnalystJohn Todaro - Senior Equity Research AnalystMi ...
CleanSpark(CLSK) - 2026 Q1 - Earnings Call Transcript
2026-02-05 22:32
CleanSpark (NasdaqCM:CLSK) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsBrian Dobson - Brian Dobson is Managing Director of Disruptive Technology Equity ResearchGary Vecchiarelli - President and CFOHarry Sudock - Chief Business OfficerMatt Schultz - Chairman and CEOMike Grondahl - Head of Equities and Director of ResearchConference Call ParticipantsGareth Gacetta - Equity Research AnalystGreg Lewis - Managing Director and Energy and Infrastructure AnalystJim McIlree - Senior Resea ...
CleanSpark(CLSK) - 2026 Q1 - Earnings Call Transcript
2026-02-05 22:30
CleanSpark (NasdaqCM:CLSK) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Speaker8Good afternoon. My name is Jeannie, and I will be your conference operator today. At this time, I would like to welcome everyone to CleanSpark's Fiscal First Quarter 2026 final financial results call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed b ...
CleanSpark Delivers $181 Million in Q1 Revenue, Strengthens Balance Sheet, and Advances Multi-Gigawatt AI Infrastructure Platform
Prnewswire· 2026-02-05 21:05
Core Insights - CleanSpark, Inc. reported a significant expansion in its power capacity and AI-ready site portfolio, securing up to 890 MW of utility-grade power capacity in Texas and Georgia [1][2] - The company emphasized its strong balance sheet and diversified business model, moving beyond solely bitcoin mining to include infrastructure for AI and digital asset management [2] Financial Performance - Quarterly revenues reached $181.2 million, marking an increase of $18.9 million or 11.6% from the previous year [5] - The net loss for the quarter was $378.7 million, translating to a loss of $1.35 per basic share, compared to a net income of $246.8 million or $0.85 per basic share in the same period last year [5][17] - Adjusted EBITDA decreased to a loss of $295.4 million from a profit of $321.6 million in the prior year [5][19] Balance Sheet Highlights - As of December 31, 2025, the company had working capital of $1.3 billion and total assets of $3.3 billion [4][15] - Total liabilities amounted to $1.9 billion, with long-term debt at $1.8 billion [5][15] - Stockholders' equity was reported at $1.4 billion, down from $2.2 billion in the previous quarter [15] Operational Developments - The company is advancing its Sandersville site with the acquisition of an additional 122-acre parcel, aimed at supporting AI tenancy [2] - CleanSpark's bitcoin mining operations continue to generate cash flows, which are being reinvested into long-duration infrastructure opportunities [2] Strategic Direction - CleanSpark is transitioning to a multi-faceted infrastructure platform, with earnings streams from bitcoin mining, AI infrastructure, and digital asset management [2] - The company aims to optimize capital allocation to maximize returns, a strategy considered rare in the current market [2]
Riot Platforms Draws New $17.9 Million Bet as Revenue Hits $180 Million
Yahoo Finance· 2026-01-29 12:33
On January 29, Broad Peak Investment Advisers disclosed a new position in Riot Platforms (NASDAQ:RIOT), acquiring 1.41 million shares valued at $17.86 million. What happened According to a filing with the U.S. Securities and Exchange Commission dated January 29, Broad Peak Investment Advisers reported purchasing 1.41 million shares of Riot Platforms. The stake’s quarter-end value was also $17.86 million, reflecting both share acquisition and market pricing. What else to know Riot Platforms represents 3 ...
Cipher Mining Inc. (CIFR) Diversifies Pipeline into Energy Business amid Focus on Bitcoin Mining Operations
Yahoo Finance· 2026-01-19 13:15
Core Insights - Cipher Mining Inc. is recognized as a promising investment in the cryptocurrency and blockchain sector, particularly following recent leadership appointments aimed at enhancing policy and strategic initiatives [1] Group 1: Business Expansion - Cipher Mining has diversified its operations by acquiring a 200-megawatt site in Ohio, which includes 195 acres of land and secured capacity from AEP Ohio [2] - The new site provides access to PJM, the largest wholesale electricity market in the U.S., and is suitable for high-performance computing (HPC) activities due to its size and fiber path availability [3] - With this acquisition, Cipher Mining's development pipeline has expanded to 3.4 gigawatts (GW) across eight sites, indicating a significant growth trajectory [3][4] Group 2: Strategic Focus - The company is shifting its focus from solely Bitcoin mining to also include hosting for HPC and AI infrastructure, targeting major tech companies like Amazon Web Services (AWS) for long-term revenue [7] - CEO Tyler Page emphasized the importance of this new site in expanding the company's HPC hosting business and geographical footprint, showcasing a strategic pivot towards high-performance computing [5] Group 3: Market Sentiment - Following the acquisition news, Compass Point maintained a Buy rating on Cipher Mining with a price target of $28, while Rosenblatt reduced its target from $33 to $25 but also kept a Buy rating, reflecting mixed market sentiment [6] - The financial strain on pure-play crypto miners due to rising network difficulty and falling Bitcoin prices is noted, suggesting that diversification into HPC may provide a buffer against these challenges [6]