Bitcoin mining services
Search documents
Bitfarms Ltd. (BITF) Announces the Sale of Bitcoin Mining Site in Paso Pe
Yahoo Finance· 2026-01-19 13:02
Group 1 - Bitfarms Ltd. announced the sale of its 70 MW Bitcoin mining site in Paraguay to Sympatheia Power Fund, marking its exit from Latin America [1][2] - The transaction is expected to close within 60 days, with Bitfarms receiving $9 million in cash and up to $21 million in milestone payments over the next 10 months [2][3] - This strategic move aligns with the company's initiative to focus on North America for higher returns in HPC/AI infrastructure, accelerating expected free cash flow from the sold site [2][3] Group 2 - Bitfarms Ltd. is recognized as a leading North American energy and digital infrastructure company, specializing in high-performance computing and Bitcoin mining [3]
Bitfarms Ltd. (BITF) Rebalances Energy Portfolio to Focus on North America After Latin America Exit
Yahoo Finance· 2026-01-18 17:30
Core Viewpoint - Bitfarms Ltd is transitioning to a 100% North American energy portfolio after exiting Latin America, which is expected to enhance its operational focus and financial performance [1][2][3]. Group 1: Company Strategy - The company has sold its 70 MW site in Paraguay for $30 million, receiving $9 million in cash upon closing and an additional $21 million over 10 months based on payment milestones [2][3]. - This sale is expected to accelerate free cash flow from operations by 2 to 3 years, allowing for reinvestment in North American HPC/AI energy infrastructure by 2026 [3]. Group 2: Operational Focus - Bitfarms operates large-scale, vertically integrated data centers primarily for Bitcoin mining, utilizing sustainable energy sources, often hydropower [4]. - The CEO emphasized that the sale of the Paso Pe site is part of a broader strategy to completely exit Latin America and concentrate on North American power and infrastructure for HPC/AI [3].
Why This Fund Bet $4.5 Million on Riot Stock Amid a 30% One-Year Run
Yahoo Finance· 2025-12-20 19:23
Core Insights - Aurelius Capital Management has acquired a new position in Riot Platforms, purchasing 238,220 shares valued at approximately $4.5 million, marking it as one of the fund's five largest holdings [2][3][6] Company Overview - Riot Platforms is a U.S.-based Bitcoin mining company that provides Bitcoin mining services, engineering solutions, and manufactures power distribution equipment for large-scale commercial and governmental customers [8][9] - The company primarily generates revenue through its Bitcoin mining operations and the sale of custom electrical infrastructure products and services [8] Financial Performance - In the third quarter, Riot reported record revenue of $180.2 million, more than doubling year over year, with a net income of $104.5 million and adjusted EBITDA of $197.2 million [11] - Riot ended the quarter with $330.7 million in unrestricted cash, $170 million in working capital, and nearly 19,300 bitcoin worth approximately $2.2 billion [12] Market Position - The new position in Riot Platforms accounts for 8.2% of Aurelius's 13F reportable assets under management, with shares priced at $14.50, reflecting a 30% increase over the past year, outperforming the S&P 500, which is up 16% in the same period [4][5]
Cathedra Bitcoin Inc. Issues Shareholder Letter and Operational Update
TMX Newsfile· 2025-12-17 12:00
Core Insights - Cathedra Bitcoin Inc. has undergone a strategic reset in 2025, focusing on long-term value creation and disciplined growth [2][7] - The company emphasizes power and infrastructure as a core component of its strategy, aiming to leverage reliable and cost-effective power sources [3][4] - Cathedra's operational highlights include the successful commissioning of a new 15 MW data center, increasing total operational power capacity by approximately 50% [11] Strategic Focus - The company is concentrating on rural areas with existing power availability in sub-20 megawatt allocations, which is seen as a competitive advantage [4] - By utilizing flexible load characteristics, Cathedra has secured below-market electricity rates, enhancing operational resilience [5] Operational Highlights - Cathedra has made significant strides in expanding and optimizing its infrastructure footprint, with a focus on operational discipline and responsible capital allocation [6] - The company awarded an additional 555,000 restricted share units to directors and officers, reinforcing alignment towards long-term value creation [6] Outlook for 2026 - Cathedra enters 2026 with established strategic pillars of power and infrastructure, aiming to translate strategy into scale and shareholder returns [7] - The company plans to execute its roadmap to achieve over 60 MW of capacity and enhance investor relations communications for better transparency [12] Management Commentary - The Director and Head of Strategy highlighted the importance of building power infrastructure assets at below-market rates and the commitment to execution moving forward [9] Company Overview - Cathedra Bitcoin Inc. develops and operates power and digital infrastructure assets across North America, hosting bitcoin mining clients in four data centers with a total capacity of 45 MW [10] - The company operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [10]
BitFuFu to Update Investors at the Emerging Growth Conference on December 11, 2025
Globenewswire· 2025-12-09 16:00
Core Points - BitFuFu Inc. will provide an update to investors at the Emerging Growth Conference on December 11, 2025 [1] - The presentation will be led by Charley Brady, Vice President of Investor Relations, and will include a Q&A session [2] - BitFuFu is recognized as a leading Bitcoin miner and innovator in mining services [5] Company Overview - BitFuFu Inc. is committed to empowering the global Bitcoin network through its cloud mining platform and innovative mining services [5] - The company is rapidly scaling its infrastructure to enhance its market position [5] Conference Details - The Emerging Growth Conference allows public companies to present their products and services to the investment community [6] - The conference targets a wide audience, including individual and institutional investors, investment advisors, and analysts [7] - BitFuFu's presentation is scheduled for 3:55 PM Eastern time and will last for 10 minutes [2]
Cathedra Bitcoin Announces Employment Agreement with Joel Block as Chief Executive Officer and Grant of Restricted Share Units
Newsfile· 2025-09-29 11:00
Core Viewpoint - Cathedra Bitcoin Inc. has appointed Joel Block as Chief Executive Officer, transitioning from a consulting agreement to a formal employment agreement, which includes the grant of restricted share units (RSUs) [1][2]. Company Overview - Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America, hosting bitcoin mining clients in three data centers with a total capacity of 30 megawatts located in Tennessee and Kentucky. The company also recently sold a 60-megawatt data center in North Dakota, where it held a minority interest [3]. - The company operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [3]. Employment Agreement Details - Under the new employment agreement, Joel Block was granted 43,427,522 RSUs, which are redeemable for subordinate voting shares of the company. These RSUs will vest in equal portions on the first, second, and third anniversaries of the grant date [2]. - The RSUs are subject to applicable securities laws and require approval from the TSX Venture Exchange [2].
Cathedra Bitcoin Announces Early Repayment of Outstanding Debt
Newsfile· 2025-07-18 11:00
Core Insights - Cathedra Bitcoin Inc. has successfully repaid its bitcoin-backed loan of approximately US$2.560 million, which was secured by about 50.5 bitcoin and had an interest rate of 13.0% per annum [1][2] - The company liquidated approximately 21.6 bitcoin to fund the early repayment, with the remaining collateral of approximately 28.9 bitcoin returned to the company [2] - Since the loan was received, the price of bitcoin has appreciated by over 50%, allowing the company to strengthen its balance sheet [2][3] Company Overview - Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America, hosting bitcoin mining clients in three data centers with a total capacity of 30 megawatts [4] - The company has also developed and sold a 60-megawatt data center in North Dakota, where it held a minority interest, with the closing anticipated in 2025 [4] - Cathedra operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [4]
BitFuFu to Report First Quarter 2025 Unaudited Financial Results on June 5, 2025
Globenewswire· 2025-05-29 12:00
Core Viewpoint - BitFuFu Inc. is set to release its unaudited financial results for Q1 2025 on June 5, 2025, before U.S. markets open, indicating the company's ongoing commitment to transparency and investor communication [1]. Company Overview - BitFuFu Inc. is recognized as a world-leading Bitcoin miner and innovator in mining services, focusing on empowering the global Bitcoin network through its advanced cloud mining platform and rapidly scaling infrastructure [3]. Earnings Conference Call - The management team will conduct an earnings conference call on June 5, 2025, at 8:00 A.M. U.S. Eastern Time, allowing investors to gain insights into the company's performance [1]. - Participants must register in advance to join the conference call, receiving a confirmation email with dial-in numbers and a unique access PIN [2]. Investor Relations - For investor inquiries, BitFuFu provides contact details for its Investor Relations team, ensuring open lines of communication for stakeholders [4].
Galaxy Digital Inc-A(GLXY) - Prospectus
2025-05-27 21:35
As filed with the Securities and Exchange Commission on May 27, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Galaxy Digital Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 6211 87-0836313 (I.R.S. Employer Identification Number) 300 Vesey Street New Yo ...
Bitfarms Schedules First Quarter 2025 Conference Call on May 14, 2025
GlobeNewswire News Room· 2025-05-07 11:00
Core Viewpoint - Bitfarms Ltd. is set to report its first quarter 2025 financial results on May 14, 2025, before market opening, with a conference call scheduled for the same day at 8:00 am ET [1]. Company Overview - Bitfarms Ltd. was founded in 2017 and operates as a global energy and compute infrastructure company, focusing on the development, ownership, and operation of vertically integrated high-performance computing (HPC) and Bitcoin mining data centers [3]. - The company currently operates 15 Bitcoin data centers across four countries: the United States, Canada, Argentina, and Paraguay [3]. Sustainability Commitment - Bitfarms is primarily powered by environmentally friendly hydro-electric energy and long-term power contracts, emphasizing its commitment to sustainable and often underutilized energy infrastructure [4].