Cango Inc., a leading player in Bitcoin mining, reported strong growth in its production for March 2025. The company produced 530.1 Bitcoins, marking a 12% increase from February’s 472.7 Bitcoins. Daily production also rose slightly, averaging 17.1 Bitcoins compared to 16.9 the previous month. By the end of March, Cango held 2,474.8 Bitcoins, up from ...
Bitfarms Ltd., a leading energy and compute infrastructure company, has shared its March 2025 production and operations highlights. The company’s operational hashrate surged by 21% to reach 19.5 EHuM, exceeding efficiency targets three months ahead of schedule. March was marked by significant milestones, including the acquisition of Stronghold Digital Mining and the sale of a ...
GameStop’s stock rose over 6% in after-hours trading after the company announced plans to invest in Bitcoin with its cash reserves. The board approved an update to its investment policy, making Bitcoin a treasury reserve asset. This move follows reports that GameStop was exploring cryptocurrency investments, spurred by social media speculation from CEO Ryan Cohen. ...
MicroStrategy Inc’s shares are experiencing a decline, falling 12.6% amid a broader Market downturn, with the S&P 500 and Nasdaq also dropping significantly. The company, now named Strategy, has announced plans to raise up to $21 billion through preferred stock to finance further Bitcoin acquisitions, despite the cryptocurrency’s ongoing decline. Currently, MicroStrategy holds nearly 500,000 ...
Riot Platforms, Inc. is a leading Bitcoin mining and digital infrastructure company with operations in Texas and Kentucky. Recently, the firm reported a decline in Bitcoin production, with a notable drop of 11% from January to February 2025, producing a total of 470 Bitcoins. As of March 4, 2025, the company’s stock is priced at ...
HIVE Digital Technologies announced impressive results for the third quarter of fiscal year 2025, reporting total revenue of $29.2 million. This includes $26.7 million from digital currency mining and $2.5 million from high-performance computing services. The company achieved a net income of $1.3 million and an Adjusted EBITDA of $17.3 million, showcasing its operational efficiency. ...
Elon Musk’s recent support for Ron DeSantis as a presidential candidate in 2024 coincides with Tesla’s impressive financial performance driven by its bitcoin holdings. Following a new accounting rule, Tesla’s reported digital asset value surged from $184 million to $1.08 billion, significantly boosting its fourth-quarter net income by $600 million. The rule change allows companies ...
This post highlights various strategic consulting services available for businesses looking to optimize their operations and increase profitability. Key offerings include tailored business strategies, advanced AI agent development for task automation, and Market entry strategies to help businesses thrive in new environments. Additionally, financial optimization services aim to uncover hidden savings, while custom AI applications ...
MicroStrategy’s stock has taken a significant hit, plummeting below $300, down 46% from its peak of $543 last November. The company closed at $302.96 and fell further to $293.59 in after-hours trading. This decline follows their announcement of plans to increase stock shares, raising investor concerns about their aggressive Bitcoin buying strategy. While MicroStrategy has ...
Tether recently made a significant move by transferring 7,629 BTC—worth around $700 million—from Bitfinex’s hot wallet to its Bitcoin reserve. This is the largest addition to Tether’s Bitcoin reserves since March 2024. Following this, another transfer took place on December 31, bringing Tether’s total Bitcoin holdings to 82,983 BTC, acquired for $2.99 billion. Tether plans ...
