Core Insights - Cipher Mining Inc. has successfully exceeded its self-mining capacity guidance for Q2 2025, achieving approximately 3.4 EH/s at the Black Pearl site, with expectations to reach around 23.1 EH/s upon completion of installations [1][2] Production and Operations Update - In June 2025, Cipher mined approximately 160 BTC and sold about 58 BTC, ending the month with a total of approximately 1,063 BTC held [3][4] - The company has deployed 104,000 mining rigs, with a month-end operating hashrate of 16.8 EH/s and fleet efficiency of 20.8 J/TH [3][4] Strategic Decisions - Cipher's proactive 4CP avoidance strategy has allowed the company to maintain low power costs and avoid costly penalties, with insights from June informing further refinements to this model for the summer [2][3]

Core Viewpoint - Cango Inc. has successfully completed the acquisition of on-rack crypto mining machines with a total hashrate of 18 Exahash per second, issuing 146,670,925 Class A ordinary shares to the sellers as part of the Share-Settled Transactions [1][2]. Group 1: Acquisition Details - The On-Rack Sales and Purchase Agreement for the Share-Settled Transactions was signed on November 6, 2024, with several amendments made leading up to the closing on June 27, 2025 [2]. - All closing conditions for the Share-Settled Transactions were satisfied or waived, including the NYSE's authorization for the supplemental listing application regarding the Class A ordinary shares [2]. Group 2: Ownership Structure - Following the completion of the Share-Settled Transactions, Golden TechGen Limited, the largest seller, now owns approximately 19.85% of Cango's total outstanding shares, while all sellers collectively own about 41.38% of the total outstanding shares before any Bonus Shares or Adjustment Shares are issued [3]. Group 3: Operational Aspects - The acquired mining machines are currently operational and located in data centers across several countries, predominantly in the U.S. Cango will continue to host these machines and has engaged a service provider for operational and maintenance services [4]. - The completion of these transactions is expected to bolster Cango's expansion and growth within the crypto asset sector [4]. Group 4: Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations strategically located in North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the increasing adoption of digital assets [5].

Core Insights - CleanSpark achieved a significant milestone with a hashrate of 50 EH/s, leading to a 13% stock surge on June 24, 2025, and plans to scale to 60 EH/s, raising questions about its investment potential [2] - The company exhibits strong revenue growth, with a 90.1% increase in revenues over the past 12 months, reaching $537 million, significantly outpacing the S&P 500's growth [3] - CleanSpark's adjusted EBITDA margin stands at 65% for 2024, indicating solid underlying profitability despite a reported operating loss [4] - The company's financial stability is robust, with a moderate Debt-to-Equity Ratio of 23.1% and a strong cash position of $934 million [5] - CleanSpark's stock has shown weaker resilience during market downturns, with a 95.6% decline during the Inflation Shock of 2022, compared to a 25.4% decline in the S&P 500 [7] - The stock's performance is closely tied to Bitcoin's volatility, posing additional risks to its valuation [8] - Overall, CleanSpark demonstrates strong growth and adjusted profitability, with an average analyst price estimate of $20 suggesting a potential 2x upside from current levels [8]

NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for May 2025. Key Highlights Key MetricsMay 2025BTC Mined1179BTC Sold64BTC Held2966Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)13.5Month End Fleet Efficiency (J/TH)18.9 1 Includes May power sales estimates (based on current meter dat ...

SINGAPORE, May 29, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced that it will release its unaudited financial results for the quarter ended March 31, 2025, before U.S. markets open on June 5, 2025. The Company’s management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Thursday, June 5, 2025 (8:00 P.M. Singapore Time on the same day). All participants must register ...

SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Bitfarms Ltd. (NASDAQ: BITF) securities between March 21, 2023 and December 9, 2024. Bitfarms operates integrated Bitcoin (also referred to as “BTC”) data centers in Canada, the U.S., Paraguay, and Argentina. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegation ...

Core Viewpoint - Cango Inc. reported significant growth in the first quarter of 2025, primarily driven by its entry into the Bitcoin mining industry, resulting in total revenues of RMB1.1 billion (US$145.2 million), a substantial increase from RMB64.4 million in the same period of 2024 [3][5][10]. Financial Performance - Total revenues for Q1 2025 were RMB1.1 billion (US$145.2 million), compared to RMB64.4 million in Q1 2024, marking a year-over-year increase of approximately 1,610% [5][8]. - Revenue from Bitcoin mining was RMB1.0 billion (US$144.2 million), with 1,541 Bitcoins mined during the quarter, up from 933.8 Bitcoins in the previous quarter [3][5]. - Revenue from automotive trading-related income was RMB7.6 million (US$1.0 million), a decrease from RMB64.4 million in the same period of 2024 [6]. Operating Costs and Expenses - Total operating costs and expenses in Q1 2025 were RMB1.2 billion (US$166.7 million), primarily related to Bitcoin mining operations [7][8]. - The cost of revenue for Bitcoin mining was RMB955.1 million (US$131.6 million), compared to RMB29.1 million in Q1 2024 [7][8]. Profitability Metrics - Loss from operations in Q1 2025 was RMB155.5 million (US$21.4 million), compared to income from operations of RMB74.2 million in Q1 2024 [9]. - Net loss for the quarter was RMB207.4 million (US$28.6 million), a decline from net income of RMB90.0 million in the same period of 2024 [10][30]. - Adjusted EBITDA was RMB27.6 million (US$3.8 million), down from RMB108.4 million in Q1 2024 [11][30]. Balance Sheet and Cash Position - As of March 31, 2025, cash and cash equivalents totaled RMB2.5 billion (US$347.4 million), an increase from RMB1.3 billion as of December 31, 2024 [16]. - The total outstanding balance of financing transactions facilitated by the company was RMB2.6 billion (US$358.4 million) as of March 31, 2025 [8]. Business Outlook - The company aims to increase its computing power from 32 EH/s to approximately 50 EH/s by the end of July 2025, enhancing its position among top-tier Bitcoin miners [3][12]. - Cango plans to continue optimizing its existing resources and explore high-quality M&A opportunities to scale operations and deliver long-term value [3][12].

NEW YORK, May 12, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Bitfarms Ltd. ("Bitfarms" or the "Company") (NASDAQ: BITF) and certain officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 25-cv-02630, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Bitfarms securities between March 21, 2023 and December 9, 2024, ...

Core Insights - BitFuFu Inc. reported strong operational progress in April 2025, with significant growth in managed hashrate and power capacity, alongside an increase in Bitcoin holdings [2][4]. Bitcoin Holdings and Production - As of April 30, 2025, Bitcoin holdings reached 1,908 BTC, an increase of 61 BTC from March 31, 2025, due to self-mining operations and net inflow from customer payments [5]. - The company produced a total of 209 BTC in April 2025, which included 173 BTC from cloud mining and 36 BTC from self-mining [5]. Hashrate Overview - Total hashrate under management was 28.3 EH/s as of April 30, 2025, reflecting a 37.4% month-over-month increase, driven by expanded supplier partnerships and increased hash power procurement [4][5]. - Self-owned hashrate accounted for 4.2 EH/s, while hashrate from third-party suppliers and hosting customers was 24.1 EH/s [5]. Power and Infrastructure - Total power capacity under management increased to 566 MW across five continents as of April 30, 2025, marking an 18.4% month-over-month increase [4][5]. - BitFuFuPool connected 10.9 EH/s of hashrate to the network, and BitFuFuOS optimized 9.7 EH/s of hashrate, adding software support for various Antminer models [6]. Upcoming Conferences & Events - BitFuFu will sponsor and present at Bitcoin 2025 in Las Vegas from May 27 to 29, 2025, and will also present at the Lytham Partners Spring 2025 Investor Virtual Conference on May 29, 2025 [6].

TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, will report its first quarter 2025 financial results on Wednesday, May 14th before the market opens. Management will host a conference call on the same day at 8:00 am ET. All Q1 2025 materials will be available before the call and can be accessed on the 'Financial Results' section of the Bitfarms investor site. Tracy Krumme SVP, Head of IR & Corp. Comms. +1 786-671-5638 tkrumme@bit ...