Latest news with #computingpower
Yahoo
11 hours ago
- Business
- Yahoo
Canaan Q2 revenue rises 39.5% to $100.2 million, reports record mining income
Canaan reported Q2 2025 revenues of $100.2 million, up 39.5% year-over-year and ahead of Q1's $82.8 million. Net loss narrowed to $11.1 million from $86.4 million in Q1 and $41.9 million a year earlier. Products revenue was $71.9 million and mining revenue reached an all-time high of $28.1 million after the company mined 284 BTC during the quarter. Gross profit improved to $9.3 million from a $19.1 million gross loss in Q2 2024. Enjoying the read? Get our newsletter directly to your inbox on all things Bitcoin-equities by clicking here. Total computing power sold rose to 6.4 EH/s, up 16.5% sequentially and 3.0% year-over-year. Installed self-mining capacity reached 8.15 EH/s with an average power cost of $0.045/kWh. Operating expenses were $36.4 million, leading to a $27.1 million operating loss. Fair value gains on cryptocurrency and financial derivatives of $10.6 million and $23.4 million, respectively, offset a $17.5 million loss on other financial instruments. Adjusted EBITDA turned positive to $25.3 million from a $38.1 million loss in Q1. The company held crypto assets valued at $61.8 million and crypto receivables valued at $107.6 million at quarter-end. Canaan outlined a strategic realignment to focus on bitcoin mining machine sales, self-mining and consumer mining products, and discontinue its non-core AI semiconductor unit. The company also highlighted insider purchases totaling 817,268 ADSs at an average of $0.76 and progress on a $30 million share repurchase plan, with 3,647,453 ADSs bought for $2.4 million as of August time of publication, CAN is up 1.3% from yesterday's close. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
3 days ago
- Business
- Associated Press
BTC Miner's Stance on Cloud Mining in 2025
New York, NY August 11, 2025 --( )-- BTC Miner believes that in 2025, the global digital asset market is at a critical transition: Potential interest rate adjustments, ETF expansion, the explosion of AI computing power, and the integration of green energy are driving the industry into a new round of 'structural reshuffle.' As high-risk trading becomes increasingly difficult, a low-barrier, and zero-operation method, cloud mining, is also available. From tech geeks to everyday investors, everyone can now easily participate in the underlying blockchain revenue distribution, no longer relying on betting on price fluctuations, but instead on 'renting computing power and earning cash flow.' Cloud mining emerged precisely in response to this trend and gained attention in the first half of 2025. BTC Miner says that its low barrier to entry, automation, and high liquidity make it easy for ordinary users to participate in the underlying value creation of mainstream cryptocurrencies like Bitcoin, earning daily returns by leasing computing power. Compared to high-frequency trading and leveraged speculation, cloud mining is considered a 'passive and stable strategy' more suitable for the current market environment. The cryptocurrency market has once again attracted the attention of global investors, with the successive rises of major currencies such as BTC, XRP, and SOL boosting overall market sentiment. Amid this market rally, a method of participation with lower barriers to entry and more stable returns exists: cloud mining. What is cloud mining? Cloud mining involves users renting remote computing power through an online platform to mine cryptocurrencies. There's no need to purchase mining machines, build a mining farm, or worry about electricity costs or equipment maintenance. Users simply select the appropriate mining contract (such as a 1-day, 3-day, or 5-day contract), and the platform automatically allocates computing power and initiates the mining task. The system automatically calculates profits daily, and users can withdraw them at any time. The biggest advantages of this model are: zero technical barriers to entry, global participation, and daily profit deposits. Website: How does cloud mining work? Users register an account on a cloud mining platform (such as BTC Miner). Select a suitable mining contract (e.g., $500/day, $1000/3 days). After payment, the system automatically starts mining. The platform's backend connects to global mining pools and executes mining tasks in real time. Profits are automatically settled daily, and users can withdraw them at any time. Most platforms rely on wind or solar farms in locations like Iceland and Canada, which are environmentally friendly and energy-efficient, while also reducing electricity costs and providing users with more stable returns. Why 2025? Currently, cloud mining is at the golden intersection of 'finance + computing power + energy conservation.' The rapidly increasing demand for AI computing power, coupled with strong global support for green energy and the crypto market's gradual move towards regulatory compliance, has made cloud mining a new option. BTC Miner states that its platform offers the following highlights: Sign up and receive a $500 mining trial bonus Daily returns up to 6.63% Supports 24/7 deposits and withdrawals for major cryptocurrencies such as BTC, ETH, XRP, and USDT Fully automated system, operating 24/7 Multi-national regulatory approvals ensure fund security and reliability Invitational Reward Program Users can earn commissions by referring friends. They will receive a continuous share of the mining revenue generated by each downline investor, achieving truly accumulative passive income. The company states that compared to holding coins for appreciation or participating in NFT speculation, cloud mining, with its contract-based, automated, and low-volatility features, is more suitable for investors seeking cash flow and stable returns. Of course, ultimate success depends on three key factors: Choosing a trustworthy platform; Understanding the platform's operating mechanisms; Allocating funds and contract strategies wisely. In the volatile crypto market, opportunities and risks always coexist. The rise of cloud mining allows more ordinary investors to easily enter the world of blockchain value creation without relying on technical means. Visit the official website: The company claims daily returns up to 6.63%, with funds available for withdrawal at any time. Contact Information: Isidro Miranda 7544190225 Contact via Email Read the full story here: BTC Miner's Stance on Cloud Mining in 2025 Press Release Distributed by
Yahoo
5 days ago
- Business
- Yahoo
You'll Never Believe What Microsoft CEO Satya Nadella Said About Quantum Computing
Key Points Microsoft announced work on its Level 2 quantum computer earlier this summer. Quantum computing revenue may be drowned out by other Microsoft divisions in the future. 10 stocks we like better than Microsoft › Quantum computing could be the next great step for computing power. Currently, graphics processing units (GPUs), such as those made by Nvidia, are the most powerful computing devices available that aren't dedicated to a single task. While these devices certainly aren't expected to go obsolete, they could be supplemented by quantum computing, and the future looks to be growing brighter for the technology. Tech giant Microsoft (NASDAQ: MSFT) had some positive things to say about quantum computing, and it could start to make stocks in this industry more attractive to investors. But is now the right time to buy quantum computing stocks? CEO Satya Nadella is excited about the future of quantum computing During Microsoft's Q4 FY 2025 (ending June 30) earnings call, CEO Satya Nadella had this to say about quantum computing: The next big accelerator in the cloud will be Quantum, and I am excited about our progress. In fact, earlier this month, we announced the world's first operational deployment of a Level 2 quantum computer, in partnership with Atom Computing. This quote tells investors a few things. First, cloud computing is a big deal for Microsoft. At its core, the cloud computing industry is essentially one company building excess computing power and renting it out to clients that need more computing power. This has two main use cases: First, when a company doesn't want to handle storing data on its own servers or wants to run workloads on the cloud rather than in-house. Businesses are starting to move more and more of their data to the cloud, and companies like Microsoft and its Azure cloud computing product stand to benefit. The second big use case for cloud is for heavy workloads, such as artificial intelligence (AI) model training. Many companies utilize Azure to run AI workloads on it because they don't have the funds to justify building their own supercomputer. This has been a huge growth driver for Azure in recent quarters, and is one of the primary reasons why Azure's growth rate was 39% in the latest quarter. The second item this quote tells us is that Microsoft is getting closer to having useful quantum computing. Microsoft states that its Level 2 computer will have resilient logical qubits. This stage will be focused on eliminating background noise and delivering a product that can produce reliable results. Once it completes its Level 2 activities, it will move to Level 3, which involves achieving scale and producing quantum supercomputers. Once that last stage is complete, it could usher in a brand-new arms race, and if Microsoft is the first to offer this computing power to its clients, it could give it a huge head start over the competition. But what kind of growth can investors expect? Quantum computing may not have the effect on its stock that some expect We're still a few years out from seeing quantum supercomputers on the market. Most companies point to 2030 as a key turning date for quantum computing, so investors shouldn't expect to see any major uses before that date. After that, there are many estimates as to what the quantum computing market will look like. Rigetti Computing points to a projection that states the annual value for quantum computing will be between $15 billion and $30 billion annually starting in 2030. Considering Microsoft's Intelligent Cloud division generated nearly $30 billion in Q4 alone, quantum computing likely won't be a huge growth driver for Microsoft. Companywide, Microsoft's revenue was $76.4 billion in Q4, so if Microsoft dominates the quantum computing market and Rigetti's market prediction comes true, quantum computing won't be a massive growth driver. The only real explosive growth in the quantum computing realm is if one of the pure plays (such as Rigetti Computing) turns out to be a winner. If a giant like Microsoft rises to the top, it will be just another business unit adding more revenue to the tech giant. Should you buy stock in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Microsoft wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,563!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,108,033!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Keithen Drury has positions in Nvidia. The Motley Fool has positions in and recommends Microsoft and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. You'll Never Believe What Microsoft CEO Satya Nadella Said About Quantum Computing was originally published by The Motley Fool Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
30-07-2025
- Business
- Yahoo
Billions wasted as China's data centres sit empty - so now they want to sell you the leftovers
When you buy through links on our articles, Future and its syndication partners may earn a commission. China's cloud rescue plan aims to sell leftover CPU power from idle government data centers Despite massive investment, many Chinese data centers run at only 20 to 30 percent capacity Old CPUs cost money even when idle, China wants to monetize them before they expire China is shifting its approach to managing excess data center capacity by proposing a new nationwide system to redistribute surplus computing power. Following a three-year boom in infrastructure development, many local government-backed data centers now face low utilization and high operating costs. As data centers get older and fewer new customers need their services, the Chinese government aims to revive the sector's viability through a coordinated national cloud service that would unify computing resources across regions. A coordinated response to growing inefficiencies The proposal, driven by the Ministry of Industry and Information Technology (MIIT), involves building a network that allows surplus CPU power from underused data centers to be pooled and sold. According to Chen Yili of the China Academy of Information and Communications Technology, 'everything will be handed over to our cloud to perform unified organization, orchestration, and scheduling capabilities.' The goal is to deliver standardized interconnection of public computing power nationwide by 2028. The glut emerged from the 'Eastern Data, Western Computing' initiative, which encouraged building data centers in less populated, energy-rich western regions to serve the more developed eastern economic zones. But many centers, despite housing some of the fastest CPUs, now sit idle, and this is a serious concern because data center hardware has a definite lifespan. Also, CPUs and their related components are costly to acquire and can become outdated quickly, making unused infrastructure a financial liability. Data centers are expensive to operate, and cooling systems, electricity, and maintenance consume major resources. So when high-performance workstation CPUs are left underutilized, they still incur ongoing expenses, which is very bad for business. Utilization rates reportedly hover between 20% and 30%, undermining both economic and energy efficiency. Over 100 projects have been canceled in the last 18 months, a stark contrast to just 11 in 2023. Despite the setbacks, state investment remains substantial. Government procurement reached 24.7 billion yuan ($3.4 billion) in 2024 alone, and another 12.4 billion yuan has already been allocated in 2025. The National Development and Reform Commission (NDRC) has stepped in to impose stricter controls. New projects must meet specific utilization thresholds and secure purchase agreements before approval. Also, local governments are now barred from launching small-scale computing infrastructure without a clear economic justification. On the technical front, integrating CPUs from various manufacturers, including Nvidia and Huawei's Ascend chips, into a unified national cloud poses a serious hurdle. Differences in hardware and software architecture make standardization difficult, and the government's original target of 20-millisecond latency for real-time applications like financial services remains unmet in many remote facilities. That said, Chen envisions a seamless experience where users can 'specify their requirements, such as the amount of computing power and network capacity needed,' without concerning themselves with the underlying chip architecture. Whether this vision can be realized depends on resolving the infrastructure mismatches and overcoming the technical limitations currently fragmenting China's computing power landscape. Via Reuters You might also like Microsoft just spent $1 billion on sh*t that's going to be buried These are the best mobile workstations you can buy right now We've also listed the best mini PCs for every budget Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
09-07-2025
- Business
- Bloomberg
Goldcrest, Collaborative Lead Round for Argentine Energy Startup Unblock
US-based funds Goldcrest Capital and Collaborative Fund have invested $13.5 million in a seed round for Argentine energy tech startup Unblock, which converts excess gas from oil and gas companies into computing power. The fresh capital will help Unblock double its team to around 26 members across engineering and operations as it eyes a potential expansion into Brazil, said founder and Chief Executive Officer Tomas Ocampo. Other firms that participated in the round included Argentine groups Pampa Energia and Grupo Inversor Sielecki, alongside FJ Labs, NYDIG, Luxor Technology, and Sunna Ventures.
