Key Takeaways WULF posted 37% revenue growth to $35.4 million, but rising costs compressed margins significantly.Cost of revenues surged 46% year over year, outpacing revenue growth and reducing gross margin to 38%.Net income margin declined to 15% from 21%, raising concerns about profitability amid volatility.TeraWulf (WULF) posted strong revenue growth in its third quarter of 2025, reaching $35.4 million compared to $25.8 million in the prior-year period, yet mounting operational expenses and compressed m ...

Cipher Mining Inc. (NASDAQ:CIFR) is one of the best cryptocurrency stocks to buy for the long term. On November 20, Cipher Mining Inc. (NASDAQ:CIFR) said it had struck a 10-year AI-hosting agreement with Fluidstack valued at roughly $830 million. The deal will bring the company’s Barber Lake facility in Texas up to its full 300-megawatt capacity. It also includes options that could push total contracted revenue to about $2 billion and potentially lift the overall value of the partnership to around $9 billi ...

Hut 8 Corp (NASDAQ:HUT) is one of the best cryptocurrency stocks to buy for the long term. On November 17, Hut 8 Corp. (NASDAQ:HUT) said it had reached a final deal to sell its four Ontario natural-gas power plants—about 310 megawatts in total—which are run by Far North Power Corp. The buyer is TransAlta Corporation (NYSE:TAC). Hut 8 Corp. (HUT) Delivers Robust Revenue and Earnings Growth amid Digital Infrastructure Focus everything possible/Shutterstock.com Hut 8 picked up these sites out of bankruptcy ...

Argo Blockchain (NasdaqGS:ARBK) Update / Briefing November 19, 2025 11:00 AM ET Company ParticipantsJon Yorke - Retail AdvocateJustin Nolan - CEODavid Robinson - PartnerScott Beech - General CounselModeratorGood afternoon, ladies and gentlemen, and welcome to the Argo Blockchain town hall meeting. Throughout today's meeting, attendees online will be in listening-only mode. Your questions are encouraged; they can be submitted at any time just using the Q&A tab situated on the right-hand corner of your screen ...

HIVE Digital Technologies (NasdaqCM:HIVE) Q2 2026 Earnings Call November 17, 2025 08:00 AM ET Company ParticipantsAydin Kilic - CEO and PresidentFrank Holmes - Executive ChairmanBill Papanastasiou - Director of Equity ResearchDarcy Daubaras - CFONathan Fast - Director of Marketing and BrandingJoe Vafi - Managing Director of Equity ResearchConference Call ParticipantsFedor Shabalin - Equity Research AnalystMike Grondahl - Senior Research AnalystChris Brendler - Senior Research AnalystDarren Aftahi - Research ...

IREN Limited (NASDAQ:IREN) is one of the stocks Jim Cramer mentioned in his latest comments. Answering a caller’s query about the stock, Cramer remarked: “Okay, so IREN is a press release stock. It’s great that they want a big deal. I think that’s absolutely… it’s super super super. But that is part of the year of magical investing that’s ending… Take, sell half of it, okay?” A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels IR ...

Financial Data and Key Metrics Changes - In Q3 2025, Bitfarms achieved total revenue of $84 million from continuing and discontinued operations, with $69 million from continuing operations, representing a year-over-year increase of 156% [40][41] - Gross mining profit from continuing operations was $21 million, with a gross mining margin of 35% and an average direct cost of $48,200 per Bitcoin mined [41] - Adjusted EBITDA from continuing operations was $20 million, or 28% of revenue, up from $2 million, or 8% of revenue year-over-year in Q3 2024 [42] Business Line Data and Key Metrics Changes - The company confirmed the ability to convert its Bitcoin megawatts for HPC and AI, representing a strategic opportunity to increase total data center megawatts in Quebec by 25% [19] - The Washington site is set to convert to HPC and AI workloads, with a fully funded agreement for $128 million for critical IT infrastructure [20][21] Market Data and Key Metrics Changes - Lease rates for data center infrastructure have grown at an average rate of 12% since 2022, compared to an average of 3% over the last 20 years [8][10] - Analysts predict a massive shortfall of nearly 45 gigawatts of power for data centers by 2030, confirming the increasing demand for data center capacity [10][11] Company Strategy and Development Direction - Bitfarms aims to optimize lease rates and margins through prioritizing infrastructure development, locking in higher rates under multi-year agreements, and developing infrastructure for next-generation GPUs [12][13] - The company plans to transition from Bitcoin mining to HPC and AI infrastructure, with a focus on developing facilities for NVIDIA's Vera Rubin GPUs [14][30] Management's Comments on Operating Environment and Future Outlook - Management expressed high conviction in the demand for HPC and AI infrastructure, emphasizing the strategic value of their energy portfolio and the unique positioning of their megawatts [16][35] - The company is well-capitalized with over $1 billion available for funding development projects, indicating strong financial health and a clear vision for future growth [44][45] Other Important Information - The company has transitioned to U.S. GAAP for Q4 and is working towards a U.S. redomicile in 2026 to improve institutional composition [35] - Bitfarms has maintained steady mining operations, achieving approximately $8 million in monthly free cash flow after G&A, which will support HPC and AI development projects [39][40] Q&A Session Summary Question: Can you share more on how you guys are thinking about economics for the Vera Rubin GPU infrastructure? - Management indicated that the economics will improve due to the increasing shortage of infrastructure and the specific requirements of the Vera Rubin GPUs, which will command a premium [47][49] Question: What is the expected timeline for expanding power capacity at Panther Creek and Scrubgrass? - Management noted that the timeline for expansion is uncertain but could happen quickly due to existing infrastructure and regulatory approvals [59] Question: What are the biggest challenges to meeting timelines for Washington, Sharon, and Panther Creek? - Management highlighted that construction bottlenecks are hard to forecast but emphasized the importance of having strong partners and project management teams in place [75]

Core Insights - HIVE Digital Technologies is expected to report significant revenue growth of 257.45% year-over-year for the second quarter of fiscal 2026, with estimated revenues of $80.96 million [1][9] - The consensus estimate for loss per share is 1 cent, an improvement from a loss of 6 cents per share in the same quarter last year [1] Financial Performance - HIVE has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average negative surprise of 19.51% [2] - The first quarter of fiscal 2026 saw revenues from high-performance computing rise to $4.8 million, an increase of 84.8% year-over-year, driven by strong demand for AI infrastructure [3] Growth Drivers - The company achieved a milestone of 23 Exahash per second in global Bitcoin-mining capacity, representing a 283% increase this year [4] - HIVE expanded its operations by acquiring 32.5 acres in Grand Falls, New Brunswick, to build a Tier III+ HPC data center, supporting its strategy to integrate Bitcoin mining with AI-driven high-performance computing [5][9] Challenges - Fluctuations in Bitcoin prices and intense competition in the cryptocurrency mining sector may have negatively impacted HIVE's performance in the upcoming quarter [6]

Core Insights - TeraWulf Inc. reported a transformational third quarter, achieving significant commercial, operational, and financial milestones that position the company as a leader in sustainable high-performance computing (HPC) infrastructure [3][11] - The company reaffirmed its growth strategy, targeting 250–500 MW of new contracted capacity annually, supported by a strong pipeline and increasing demand for low-cost, low-carbon compute capacity [1][9] Financial Performance - Revenue for the third quarter increased by 87% year-over-year to $50.6 million, driven by higher average bitcoin prices, expanded mining capacity, and the commencement of HPC lease revenue [12] - The cost of revenue, excluding depreciation, rose by 17% year-over-year to $17.1 million, reflecting increased utilization and modestly higher power costs [12] - As of September 30, 2025, TeraWulf held $712.8 million in cash and cash equivalents, with total outstanding debt of approximately $1.5 billion [13] Operational Expansion - TeraWulf's Lake Mariner Campus has energized 245 MW of Bitcoin-mining capacity and 22.5 MW of HPC capacity, with over 520 MW of long-term HPC leases executed across multiple enterprise and hyperscale customers [4][5] - The Abernathy Joint Venture in Texas is designed for an initial capacity of 240 MW, with potential expansion to 600 MW, backed by a $1.3 billion Google credit enhancement [6][11] Strategic Partnerships - The company signed more than $17 billion in long-term, credit-enhanced customer contracts and completed over $5 billion in long-term financings to support its rapidly expanding platform [3][7] - TeraWulf expanded its partnership with Fluidstack and Google, demonstrating the strength of its platform and the trust placed in its execution capabilities [11] Future Growth Pipeline - TeraWulf signed an 80-year lease at its Cayuga site in Upstate New York, establishing a framework for large-scale HPC deployment beginning in 2027 [8] - The company has several in-house development opportunities approaching realization, further strengthening its long-term growth pipeline [8][11]

Core Insights - HIVE Digital Technologies reported a Bitcoin production of 289 BTC in October 2025, marking an 8% increase month-over-month and a 147% increase year-over-year [6][7] - The company has surpassed 24 EH/s of operational hashrate, supported by a total of 300 MW capacity in Paraguay, and is expanding into Tier III+ AI and high-performance computing data centers in Canada [1][4][8] Production Highlights - Bitcoin production reached 289 BTC, with an average daily production of 9.3 BTC/day [6] - The hashrate averaged 21.9 EH/s, with a peak of 23.6 EH/s, reflecting a 13% growth from September [6][7] - Fleet efficiency was recorded at 17.7 J/TH, with production growth outpacing Bitcoin network difficulty [6][7] Expansion and Infrastructure Development - The Phase 3 Valenzuela expansion in Paraguay is complete, bringing the total capacity to 300 MW and operational hashrate to approximately 25 EH/s [4][5] - HIVE is upgrading its Canadian facilities from Tier I to Tier III+ AI data centers, including a 70 MW campus in New Brunswick and a 7.2 MW facility in Toronto [8][10] Management Commentary - Management emphasized that the growth in Bitcoin production is not only enhancing revenue but also funding the transformation of mining campuses into AI infrastructure [11] - The dual focus on Bitcoin mining and AI computing is expected to deliver strong returns while preparing for future demands in the AI sector [11] Future Outlook - Each additional exahash is projected to increase daily Bitcoin production and revenue potential, with stable operating costs due to fixed-rate hydroelectric power [13] - The company is positioned as a significant player in green-energy AI infrastructure development in Canada, aligning with national innovation goals [10]