Cango’s first full mining year ended with a $452.8 million net loss, selling bitcoin to repay debt and fund its AI pivot.
Bitdeer's new SEALMINER DL1 Air mining machine is purpose-built for the Scrypt algorithm used by Litecoin and Dogecoin.
HIVE said it is progressively phasing down its ASIC-based bitcoin mining operations in Sweden amid tax disputes and operational uncertainty.
Hashrate Index found that about 90% of global Bitcoin hashrate operates in electricity markets largely insulated from oil prices.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CleanSpark produced the most bitcoin among the three miners in February, while Cango and BitFuFu combined added more than 680 BTC.
The increase follows a mining fleet expansion as the firm focuses on accumulating bitcoin through large-scale self-mining.
Core Scientific secured a $500 million Morgan Stanley facility, with an option that could bring total commitments to $1 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The expansion will support American Bitcoin's strategy of accumulating BTC below spot prices after posting a 53% gross margin in Q4.
MARA has expanded its policy to allow balance sheet bitcoin sales after reporting a $422.2 million fair-value decline in 2025.
Core Scientific has already sold around $175 million in bitcoin as the company accelerates its pivot toward AI-focused data centers.
Riot will pay $20 million after a court limited SBI’s bitcoin-linked damages claims that exceeded $175 million.
Nasdaq-listed TeraWulf said its total revenue reached $168.5 million in 2025, up 20.3% from the prior year.
A steep accounting loss tied to bitcoin’s price decline overshadowed gains, but MARA is betting its future on AI-driven revenue.
Benchmark says 2026 will hinge on Hut 8 proving it can convert its AI pipeline into contracted, long-duration cash flows.
The company generated $185.2 million in annual revenue as it scaled its mining operations and accumulation efforts.
Hut 8's 2025 results were weighed down by $220 million in unrealized digital asset losses, reversing large gains a year earlier.
The deal was funded through the issuance of Canaan shares valued at roughly $39.75 million, making Cipher a significant shareholder.
The liquidation makes Bitdeer the largest publicly traded bitcoin miner by self-mining hashrate to hold no BTC on its balance sheet.
Bitcoin mining difficulty jumped 14.7% to 144.4T in a record absolute increase as hashrate rebounded after U.S. winter storm curtailments.
Starboard argues Riot’s Texas power assets position the company to secure large AI data center tenants if management accelerates deal execution.
Bitdeer is leaning into shifting compute resources toward AI and high-performance computing infrastructure, similar to many of its peers.
Bitcoin miner Cango has closed a $10.5 million equity investment and secured an additional $65 million in commitments as it pivots toward AI.
Canaan's hardware shipments hit a record level in the quarter, helped by large North American mining orders.
Cango sold 4,451 BTC for about $305 million to repay a bitcoin-backed loan and support its AI infrastructure push.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts argued that bitcoin-related volatility is no longer central to the investment case as IREN accelerates its shift toward AI.
Nasdaq-listed bitcoin miner MARA moved roughly 1317 BTC ($87.4 million) in the past 13 hours, onchain data shows.
CleanSpark’s heavier Tennessee footprint left the stock more exposed to weekend power-outage headlines from a multi-state snowstorm.