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Cipher Mining Surpasses Hashrate Growth Forecasts at Black Pearl and Announces June 2025 Operational Update
Globenewswire· 2025-07-02 11:00
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]
CLSK Stock To Rise 2x?
Forbes· 2025-06-25 13:30
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]
Cipher Mining Announces May 2025 Operational Update
Globenewswire· 2025-06-04 20:05
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 ...
BitFuFu to Report First Quarter 2025 Unaudited Financial Results on June 5, 2025
Globenewswire· 2025-05-29 12:00
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 ...
BITF Investor Notice: Robbins LLP Reminds Stockholders of the Securities Class Action Against Bitfarms Ltd.
GlobeNewswire News Room· 2025-05-20 20:17
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 ...
Pomerantz Law Firm Announces the Filing of a Class Action Against Bitfarms Ltd. and Certain Officers - BITF
Prnewswire· 2025-05-12 17:39
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, ...
BitFuFu Announces April 2025 Bitcoin Mining and Operation Updates
Globenewswire· 2025-05-08 12:00
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].
Bitfarms Schedules First Quarter 2025 Conference Call on May 14, 2025
GlobeNewswire News Room· 2025-05-07 11:00
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 ...
Riot's Q1 Leaves Investors Wanting For More
Seeking Alpha· 2025-05-02 13:02
Company Overview - Riot Platforms, a Bitcoin mining company, reported its first quarter earnings, but the stock's reaction has been muted, indicating a potential disconnect from Bitcoin's price movements [2]. Market Reaction - The stock of Riot Platforms has somewhat decoupled from Bitcoin's price, which is unusual given the company's direct involvement in Bitcoin mining [2]. Analyst Insights - The analysis emphasizes the importance of combining technical and fundamental analysis to identify potential growth stocks early in their cycles, which is a focus area for the investment group Timely Trader [3].
HIVE Digital: 'Value' Among Bitcoin Miners
Seeking Alpha· 2025-04-10 11:32
In December of last year, I upgraded HIVE Digital Technologies ( HIVE ) to a 'buy' after calling it a 'hold' in late-April 2024. The stock proceeded to fall more than 65% virtually in a straight line:Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD, MARA, HIVE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business ...