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Hyper Bit Announces Execution of Definitive Agreement to Acquire Dogecoin Mining Technologies Corp., With Hardware Supply Agreements for up to 2,660 ElphaPex DG1+ and DG2 Miners to be Hosted at Renewable Power Facility with Access to 11 MW Capacity
Newsfile· 2025-08-21 14:44
Hyper Bit Announces Execution of Definitive Agreement to Acquire Dogecoin Mining Technologies Corp., With Hardware Supply Agreements for up to 2,660 ElphaPex DG1+ and DG2 Miners to be Hosted at Renewable Power Facility with Access to 11 MW CapacityAugust 21, 2025 10:44 AM EDT | Source: Hyper Bit Technologies Ltd.Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") is pleased to announ ...
BIT Mining Limited Announces Unaudited Financial Results for the Six Months Ended June 30, 2025
Prnewswire· 2025-08-14 20:30
Core Insights - BIT Mining Limited reported a significant decline in financial performance for the six months ended June 30, 2025, with total revenues of US$11.0 million, down 43.3% from US$19.4 million in the same period of 2024 [11][20][30] - The company is strategically shifting its focus towards the Solana ecosystem, having acquired $7.1 million worth of SOL and launched a self-operated validator node [3][24] Financial Performance - Revenues for the self-mining business were US$4.6 million, while the data center business generated US$6.4 million [6] - Operating costs and expenses increased to US$24.5 million, up 12.4% from US$21.8 million in the previous year [12] - The operating loss was US$13.9 million, compared to a loss of US$0.5 million in the same period of 2024 [18][30] - Net loss attributable to BIT Mining was US$13.9 million, a stark contrast to a net income of US$18.9 million in the prior year [20][21] Cryptocurrency Operations - The total hash rate capacity for DOGE/LTC mining machines was approximately 8,149.73 GH/s, producing 10.5 million DOGE and 2,980 LTC [7] - The BTC mining operations produced 17.3 BTC, generating approximately US$1.7 million in revenue [9] - The company reported a decrease in cryptocurrency assets to US$3.6 million as of June 30, 2025, down from US$9.6 million at the end of 2024 [23] Data Center Operations - The Ohio Mining Site's 82.5 megawatt space generated approximately US$6.4 million in service fee revenue, a decrease of US$3.9 million compared to the previous year [10] - The decline in revenue was attributed to discounts on hosting fees to retain customers [10] Strategic Initiatives - The company completed the acquisition of a 51% equity interest in a cryptocurrency mining data center in Ethiopia and is expanding its operations into the Solana ecosystem [2][3] - BIT Mining aims to optimize treasury efficiency and support its strategic shift towards sustainable value creation [24]
Bit Origin Acquires Over 40 Million Dogecoin (DOGE) to Advance Treasury Strategy
GlobeNewswire News Room· 2025-07-21 12:30
Core Insights - Bit Origin Ltd has made an initial purchase of approximately 40.5 million DOGE as part of its digital asset treasury initiative, supported by capital facilities of up to $500 million [1][2]. Company Overview - Bit Origin Ltd is an emerging growth company based in the United States, engaged in cryptocurrency mining and actively deploying blockchain technologies alongside diversified expansion strategies [3]. Dogecoin Treasury KPIs - The average acquisition cost for DOGE is approximately $0.2466 per DOGE, with an initial DOGE-Per-Share (DPS) of around 0.691 [5]. - The company recognizes the potential of Dogecoin for micropayments, driven by renewed developer activity and institutional interest in tokenization [2].
Thumzup Media Corporation's Board of Directors Authorizes Company to Hold up to $250 Million in Cryptocurrencies
Prnewswire· 2025-07-17 17:16
Core Insights - Thumzup Media Corporation has received approval from its Board of Directors to diversify its cryptocurrency portfolio, allowing the company to hold up to $250 million in various cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Litecoin (LTC), and Stablecoin USDC [1][2][3] Company Strategy - The company aims to remain at the forefront of the evolving cryptocurrency landscape as the U.S. federal government moves towards more crypto-friendly policies and regulatory clarity [2] - By diversifying its cryptocurrency holdings, Thumzup seeks to gain broader market exposure and create significant value for its shareholders [2][3] Technological Innovation - Thumzup is also developing a patent-pending Lifestyle AI Agent Marketplace, which is intended to revolutionize lifestyle planning through curated, AI-powered experiences [3] - The company operates a proprietary platform that allows users to earn cash for sharing branded content on social media, managed through a programmatic advertiser dashboard [2] Market Presence - The Thumzup app is available for download on both the App Store and Google Play, indicating the company's commitment to accessibility and user engagement [4] - Thumzup has been featured in notable media outlets such as CBS Los Angeles and KTLA, enhancing its visibility in the market [4]
Coeptis (COEP) Announces Filing of Registration Statement on Form S-4 with SEC in Connection with Proposed Transaction with Z Squared
Globenewswire· 2025-06-26 12:34
Company Overview - Coeptis Therapeutics Holdings, Inc. is a next-generation technology and biopharmaceutical company focused on developing innovative cell therapy platforms for cancer, autoimmune, and infectious diseases [3][4] - The company has a therapeutic portfolio that includes assets licensed from Deverra Therapeutics, featuring an allogeneic cellular immunotherapy platform and DVX201, a clinical-stage natural killer cell therapy technology [4] - Coeptis is also developing a universal, multi-antigen CAR technology licensed from the University of Pittsburgh, alongside GEAR cell therapy and companion diagnostic platforms in collaboration with VyGen-Bio and the Karolinska Institute [4] Recent Developments - Coeptis has filed a registration statement on Form S-4 with the SEC related to a proposed merger agreement with Z Squared Inc. [1][2] - The Form S-4 includes a preliminary proxy statement/prospectus regarding the proposed transaction, which has not yet become effective [2] Technology Division - Coeptis has established a Technology Division aimed at enhancing operational capabilities through advanced technologies, including AI-powered marketing software and robotic process automation tools acquired from NexGenAI Solutions Group [5] Z Squared Overview - Z Squared Inc. is focused on digital asset compute mining, primarily generating Dogecoin (DOGE) and other digital assets like Litecoin, with a market cap of $20 billion [7]
GameStop-Themed Crypto Skyrockets Over 500% After Retailer Announces $1.75 Billion Investment Plan
Benzinga· 2025-06-12 04:24
Group 1 - A cryptocurrency named GameStop Coin (GME) surged 532% in 24 hours following GameStop Corp.'s announcement to raise over $1 billion for investment purposes [1][3] - The token is unrelated to GameStop and aims to leverage the hype surrounding the meme stock [2] - GameStop announced a proposed private offering of $1.75 billion in convertible senior notes to institutional buyers, intending to use the proceeds for investments aligned with its investment policy [3] Group 2 - GameStop adopted a Bitcoin treasury strategy earlier this year, purchasing approximately 4,700 BTC for $512.6 million [4] - The company reported first-quarter revenue of $732.4 million, missing analyst estimates of $754.24 million, but adjusted earnings of 17 cents per share exceeded expectations of four cents [4] - GME shares fell 11.2% in after-hours trading after a 5.31% decline during the regular session, closing at $28.55 [5]