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MARA Holdings (MARA) Faces Pressure After Bitcoin Drop
Yahoo Finance· 2026-01-09 08:16
MARA Holdings, Inc. (NASDAQ:MARA) is one of the 12 Stocks that Will Bounce Back According to Wall Street Analysts. On December 19, Rosenblatt reduced its price target on MARA Holdings, Inc. (NASDAQ:MARA) from $22 to $15 but kept its Buy rating on the stock. The firm’s analyst noted that Bitcoin miners have struggled throughout 2025 because of very high network competition. This problem has “gone from bad to worse” after the recent sharp decline in Bitcoin prices. Rosenblatt pointed out that while pure pla ...
Cipher Welcomes Industry Veterans Lee Bratcher and Drew Armstrong
Globenewswire· 2026-01-06 13:45
NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer and operator of industrial-scale data centers, today announces the appointments of Lee Bratcher as Head of Policy and Government Affairs and Drew Armstrong as Head of Strategic Initiatives. The Company is pleased to welcome these two industry leaders whose combined experience will further strengthen Cipher’s team and support its continued growth. Mr. Bratcher brings to Cipher extens ...
Bitcoin Mining Actually Stabilizes Grids and Lowers Costs, Researcher Says
Yahoo Finance· 2026-01-05 10:02
Bitcoin mining operations strengthen electrical grids rather than destabilize them, and they help reduce consumer electricity costs through demand flexibility and grid services, according to a comprehensive analysis by independent researcher Daniel Batten, which directly challenges persistent misconceptions about the industry’s energy impact. The research, titled “Common Bitcoin Energy Misconceptions,” dismantles several widely circulated claims about Bitcoin mining’s resource consumption and environment ...
Bitfarms Completes Latin America Exit with $30M Paraguay Facility Sale, Accelerating North American AI and HPC Expansion
Crowdfund Insider· 2026-01-04 22:21
Bitcoin mining company Bitfarms Ltd. (Nasdaq: BITF) has finalized its withdrawal from Latin America by divesting its last remaining asset in the region, a 70-megawatt facility in Paso Pe, Paraguay. The sale, valued at up to $30 million, underscores the firm’s deliberate pivot toward high-performance computing (HPC) and artificial intelligence infrastructure in North America, where it sees greater long-term profitability amid evolving industry dynamics.Announced on January 2, 2026, the transaction involves t ...
Bitmine publie un nouveau message du président expliquant pourquoi les actionnaires devraient voter OUI pour approuver l'amendement visant à augmenter le nombre d'actions autorisées
Prnewswire· 2026-01-03 19:00
L'assemblée générale annuelle de Bitmine se déroulera au Wynn Las Vegas le 15 janvier 2026 Bitmine reste soutenue par un groupe d'investisseurs institutionnels de premier plan, dont Cathie Wood d'ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital et l'investisseur personnel Thomas « Tom » Lee, pour appuyer l'objectif de Bitmine d'acquérir 5% du nombre total d'ETH LAS VEGAS, 3 janvier 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NASDAQ : BMNR) annonce aujourd'hui ...
Bitfarms enters share purchase agreement to sell Paso Pe site for up to $30M
Yahoo Finance· 2026-01-03 12:05
Core Viewpoint - Bitfarms is exiting the Latin American market by selling its 70 MW Bitcoin mining site in Paraguay to the Sympatheia Power Fund for a total value of up to $30 million [1] Group 1: Transaction Details - Bitfarms has entered into a definitive share purchase agreement to sell its Paraguay site [1] - The transaction is expected to close within 60 days and is subject to customary closing conditions [1] - The buyer will acquire shares of a subsidiary that holds all operating assets related to the mining site [1] Group 2: Financial Aspects - The proposed transaction values the operating site at up to $30 million [1] - Bitfarms is expected to receive $9 million in cash upon closing, anticipated in Q1 2026 [1] - An additional amount of up to $21 million will be received over 10 months following closing, contingent on certain payment milestones [1]
Bitfarms Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M
Globenewswire· 2026-01-02 12:00
Core Viewpoint - Bitfarms Ltd. is strategically selling its 70 MW site in Paraguay to focus entirely on North American energy and digital infrastructure, particularly in high-performance computing (HPC) and artificial intelligence (AI) sectors [1][2]. Transaction Details - The sale involves a definitive share purchase agreement with the Sympatheia Power Fund, valuing the operating site at up to $30 million [3][6]. - Bitfarms will receive $9 million in cash upon closing, including a $1 million non-refundable deposit, and up to $21 million over the following 10 months based on payment milestones [6]. Strategic Rebalancing - The transaction allows Bitfarms to rebalance its energy assets portfolio to 100% North American, enhancing its liquidity profile and accelerating the monetization of operations [6]. - The updated energy portfolio includes 341 MW of energized capacity, 430 MW under active development, and a total multi-year pipeline of 2.1 GW in North America, with approximately 90% based in the U.S. [6]. Company Overview - Bitfarms is a North American energy and digital infrastructure company that operates state-of-the-art data centers and energy infrastructure for Bitcoin mining and HPC/AI [4][5]. - The company was founded in 2017 and is headquartered in New York and Toronto, trading on both the Nasdaq and Toronto Stock Exchange [5].
HIVE Digital (HIVE) Drops 5% – Here’s Why
Yahoo Finance· 2025-12-31 13:39
We recently published 10 Big Names Crumbling Before 2026. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the worst performers on Tuesday. HIVE Digital extended its losing streak to a third day on Tuesday, shedding 5.17 percent to close at $2.57 apiece as investors took profits amid the lack of fresh catalysts to boost buying. In recent news, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) successfully listed on the Colombian Stock Exchange as part of its expansion plans, as it aims to offer more in ...
CleanSpark's AI Expansion Progresses: Are Revenues Still Far Away?
ZACKS· 2025-12-30 18:35
Core Insights - CleanSpark, Inc. (CLSK) is advancing its artificial intelligence (AI) initiatives, but the immediate revenue impact is limited as Bitcoin mining remains the primary revenue source [1][9] Group 1: AI and HPC Expansion - CleanSpark has secured over 1.3 gigawatts of power capacity and identified land opportunities in Georgia and Texas to support its AI and high-performance computing (HPC) data center initiatives [2] - The company has partnered with Submer to enhance deployment using liquid-cooled, modular data center solutions [2] - Monetization of AI initiatives is expected to be delayed, with initial deployments at the Texas AI campus not anticipated until the first half of 2027 [3] Group 2: Financial Projections and Competition - Construction costs for AI data centers are estimated at around $10 million per megawatt, which may pressure near-term cash generation [4] - The Zacks Consensus Estimate for fiscal 2026 revenues indicates a year-over-year growth of 12.1%, while fiscal 2027 suggests a decline of 7.7% [4] - Cipher Mining (CIFR) is emerging as a strong competitor, having secured a 15-year, 300 MW campus lease with Amazon Web Services valued at approximately $5.5 billion [5] - IREN Limited (IREN) is also intensifying competition with a $9.7 billion AI cloud agreement with Microsoft and plans to deploy 140,000 graphics processing units by 2026 [6] Group 3: Share Price and Valuation - CleanSpark's shares have increased by 16.4% over the past year, outperforming the Zacks Finance – Miscellaneous Services industry, which declined by 4.2% [7] - The company trades at a forward price-to-sales ratio of 3.25, which is lower than the sector's average of 9.08 [10] - The Zacks Consensus Estimate for CleanSpark's fiscal 2026 earnings is currently pegged at 26 cents per share, reflecting a year-over-year decline of 63.4% [13]
TeraWulf (WULF): Rosenblatt Highlights Strategic Pivot as Bitcoin Mining Profitability Hits Record Lows
Yahoo Finance· 2025-12-28 17:46
Core Insights - TeraWulf Inc. is transitioning from pure Bitcoin mining to High-Performance Computing (HPC) infrastructure to mitigate profitability challenges in the Bitcoin mining sector [2][3] Financial Performance - In Q3 2025, TeraWulf reported a GAAP revenue increase of 6% quarter-over-quarter, reaching $50.6 million, driven by $7.2 million in HPC lease revenue [2] - Bitcoin mining production decreased by 22% to 377 tokens, but adjusted EBITDA improved by 25% to $18.1 million, indicating a shift towards higher-margin HPC business [2] - The company reported a significant GAAP net loss of $455 million, compared to a loss of $18.4 million in the previous quarter [3] Strategic Developments - TeraWulf closed over $4.2 billion in transactions, including $3.2 billion in senior secured notes and $1.025 billion in convertible notes, to fund its expansion [3] - A 10-year agreement with Google is expected to generate $670 million in average annual revenue, supporting the expansion of the Lake Mariner facility [3] - The annual target for new HPC signings has been increased from 100 MW to a range of 250 to 500 MW, supported by a joint venture with FluidStack and Google for the Abernathy HPC campus in Texas [4]