Latest news with #hashrate
Globe and Mail
6 days ago
- Business
- Globe and Mail
DMG Blockchain Solutions Announces Preliminary July Operational Results, Treasury Update, Launch of Blockseer Explorer
VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for July 2025: During July 2025, DMG's realized hashrate was 1.65 EH/s, up 6% from the 1.56 EH/s reported in June, as the Company was able to make fully operational its hydro infrastructure with 0.4 EH/s hashrate, achieved in the latter part of July. As a result of diligent efforts by its mining staff, the Company was able to overcome the infrastructure contamination issues caused by manufacturer quality control issues. DMG is now observing intraday hashrate fluctuations of less than 1% in its hydro mining segment, even during the warmest part of the summer. The hydro miners are designed to maintain hashrate under higher ambient temperatures, albeit at reduced efficiency, and are performing as expected. Notably, the initial failure rate of the hydro miners has been significantly lower than that of previous generations of air-cooled equipment. The Company has scheduled substation maintenance in August, which is expected to result in three days of downtime, with the possibility of partial shutdowns around that period. DMG does not currently utilize backup power generation for its Bitcoin mining operations, except for its server room. DMG's bitcoin balance was 307 BTC at the end of July. The Company sold bitcoin during the month to fund operating expenses and further reduce its loan balance with Sygnum Bank, in line with prior guidance. Digital Asset Treasury Update As of the date of this press release, DMG has paid down more than half of its Sygnum Bank loan balance, which was $20.0 million as of its most recently reported financial quarter ending March 31, 2025. In the near-term, DMG anticipates it will increase its bitcoin balance and limit further reductions in its debt. As a bitcoin miner, DMG's cash cost of energy to make bitcoin is well below the market price, which makes its cost of growing its bitcoin balance attractive. The Company continues to explore the development of a broader digital asset portfolio. DMG Launches Blockseer Explorer DMG announces it has relaunched Blockseer Explorer, which is part of DMG Blockchain's digital asset software suite and is a product tailored to a specific and underserved segment of the market: Bitcoin-native operators such as miners and self-custody treasuries. Explorer helps users track wallet activity, set alerts and export concise, spreadsheet-ready transaction data—with no coding, API setup or SQL required. By providing a bitcoin-only, GUI-first and export-friendly solution for wallet monitoring, Blockseer Explorer offers immediate benefit to a wide range of operators who want visibility, not complexity. Blockseer Explorer is available at no cost at About DMG Blockchain Solutions Inc. DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG's carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner. For additional information about DMG Blockchain Solutions and its initiatives, please visit Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights. For further information, please contact: On behalf of the Board of Directors, Sheldon Bennett, CEO & Director Tel: +1 (778) 300-5406 Email: investors@ Web: For Investor Relations: investors@ For Media Inquiries: Chantelle Borrelli Head of Communications chantelle@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG's strategies and plans, increasing the Company's bitcoin balance and limit further reductions in its debt, explore building a broader digital asset portfolio, scheduled substation maintenance in August, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company's products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
Yahoo
04-08-2025
- Business
- Yahoo
MARA's July Bitcoin production slips 1% as energized hashrate rises
MARA produced 703 BTC in July 2025, down 1% month-over-month, mining 207 blocks (–2%) even as energized hashrate climbed 3% to 58.9 EH/s, according to MARA's monthly mining update. CEO Fred Thiel attributed the dip in blocks won to a 9% jump in mining difficulty as global hashrate rebounded from seasonal curtailment. He highlighted that energized hashrate grew by 3% and that MARA's bitcoin treasury surpassed 50,000 BTC, ending the month with 50,639 BTC on its balance sheet. Thiel noted that while Ohio sites Wolf Hollow and Kearney experienced higher than expected curtailment, operational efficiency improved through boosted productivity and streamlined supply-chain processes. He also confirmed plans to energize the data center at the company's Texas wind farm in the second half of the year. With over $5 billion in liquid assets and nearly $1 billion raised since June 30, MARA has the flexibility to fund continued domestic growth and pursue international expansion. Thiel emphasized the firm's disciplined asset-management strategy, treating bitcoin as a productive, risk-managed asset rather than a passive treasury time of publication, MARA is up 1.6% during pre-market hours. Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
RETRANSMISSION: HIVE Digital Technologies Surpasses 14 EH/s Milestone as Global Expansion Accelerates Toward 25 EH/s
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - July 30, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is proud to announce that it has surpassed 14 Exahash per second ("EH/s") of Bitcoin mining hashrate across its operations in Canada, Sweden, and Paraguay, and in the process has realized a current Bitcoin annual run rate ("ARR*") revenue of $315 million, with mining margins* of approximately 55% after electricity costs, based on the current hashprice per the Bitcoin Hashprice Index ( HIVE remains firmly on track to reach 18 EH/s by the end of summer and 25 EH/s by U.S. Thanksgiving, positioning the Company as one of the world's most efficient and fastest-scaling Bitcoin miners. This milestone marks a pivotal inflection point in HIVE's global growth trajectory as the Company leverages favorable market conditions, including rising Bitcoin prices, increasing institutional adoption of digital assets, and growing demand for AI-ready data centers. Paraguay-Fueled Growth: Over 7 Bitcoin Mined Daily, 300 Construction Workers and Engineers On-Site HIVE's three-campus buildout in Paraguay continues with focus. Phase 2 at the Yguazú site is now over 60% complete, with 4 EH/s of next-generation Bitmain S21+ Hydro miners already energized - increasing our daily Bitcoin global production to over 7 BTC, up from 4 BTC earlier this year. With full deployment of Phase 2 expected to deliver 6.5 EH/s, and ongoing development at the Valenzuela site (Phase 3), HIVE forecasts daily production to reach 12 Bitcoin per day by year-end - or nearly 3% of the global daily Bitcoin output (based on current Bitcoin Network Difficulty). "We have over 300 locally hired workers, all moving in lockstep to deliver world-class digital infrastructure at an extraordinary pace," said Frank Holmes, Co-Founder and Executive Chairman. "This is a project built on speed, precision, and purpose - think Navy SEALs meets Stargate in West Texas." Further, "The team is working 24/7 with enthusiasm and pride - not only to scale our electrical infrastructure, but to transform and uplift surrounding communities," added Gabriel Lamas, Country President of HIVE Paraguay. "This project is about national progress, innovation, and sustainable leadership in the digital economy." Global Adoption Tailwinds: U.S. Genius Act and Stablecoin Boom HIVE's strategy aligns with powerful macro trends: the global acceleration of stablecoin usage, Bitcoin's growing role in emerging market finance, and regulatory clarity in the U.S. The recent passage of the U.S. Genius Act in Washington has further legitimized Bitcoin and stablecoins as core financial infrastructure. This development mirrors HIVE's own belief in decentralized, energy-efficient digital systems as the foundation for the future of finance. Revenue Run Rate Surges to $300 Million and Climbing Bitcoin Prices to All Time High Following its fiscal year-end on March 31, 2025, in which the Company reported $105 million in Bitcoin revenue, HIVE's annualized Bitcoin mining ARR* with with mining margins* of approximately 55% after electricity costs, based on the current hashprice per the Bitcoin Hashprice Index ( has now more than tripled to $315 million as HIVE's hashrate and network rewards rise. "We're mining over 7 Bitcoin a day - clean, green, and fully funded by our operations," said Aydin Kilic, President & CEO. "Our growth is powered by cash flow and HODL - no dilution, no shortcuts. We're focused on scaling with discipline." Execution Excellence: 18.5 J/TH Efficiency Target Upon completing Phase 2, HIVE expects its global fleet efficiency to improve to approximately 18.5 joules per terahash ("J/TH") thanks to the integration of energy-efficient ASICs and advanced cooling infrastructure. "Our team in Paraguay is functioning at an exceptionally high level," said Luke Rossy, Chief Operating Officer. "We're racking miners and energizing containers in record time. HIVE continues to perform strongly in both ROIC and infrastructure cost-efficiency." * As used herein, "Mining Margin" is calculated by dividing the mining profit (revenue generated from mining activities minus power costs related to those activities) by the total revenue generated from mining activities and expressed as a percentage. In mining, the most significant expense is power costs. "ARR", as a metric, represents revenue only, and does not represent profitability. ARR is presented here as a measure of growth. These non-GAAP measures should be read in conjunction with and should not be viewed as alternatives to or replacements for measures of operating results and liquidity presented in accordance with GAAP in HIVE's quarterly and annual financial statements. About HIVE Digital Technologies Ltd. Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure data centers, powered exclusively by renewable hydroelectric energy. With a global footprint in Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and scaling the future of digital finance and computing, while creating long-term value for its shareholders and host communities. For more information, visit or connect with us on: X: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes"Executive Chairman For further information, please contact: Nathan Fast, Director of Marketing and Branding Frank Holmes, Executive Chairman Aydin Kilic, President & CEO Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the construction of the Company's in Yguazú, Paraguay and its potential specifications and performance upon completion, the timing of it becoming operational; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at and The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law. 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Forbes
07-07-2025
- Business
- Forbes
What's New With Cipher Mining Stock?
CANADA - 2025/04/22: In this photo illustration, the Cipher Mining logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Cipher Mining (NASDAQ:CIFR), a company engaged in Bitcoin mining that specializes in building and managing large-scale data centers for Bitcoin mining and high-performance computing hosting, witnessed an increase of nearly 16% during trading on Wednesday. This surge follows the company's announcement of significant advancements at its new mining site, referred to as Black Pearl. The hash rate at this location, which indicates the speed at which computers can handle Bitcoin transactions, far exceeded the company's predictions, with expectations for further growth in Q3. This is important since a higher hash rate enhances Cipher's capability to extract more Bitcoin and can also improve overall operational efficiency and profit margins. Furthermore, Cipher reported that it mined 160 bitcoins in June, sold 58 bitcoins, and currently holds 1,063 bitcoins. In spite of the recent developments, Cipher stock appears less appealing when considering its operational performance over recent years as well as its current and past financial status. Nevertheless, for those looking for potential gains with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having surpassed the S&P 500 and achieved returns exceeding 91% since its inception. Cipher Mining has reported mixed outcomes, although it should be noted that mining companies, especially in the crypto sector, typically display volatile financial results that do not always conform to conventional valuation standards. Revenue has remained relatively stagnant, decreasing slightly from $153 million to $152 million over the past year. In contrast, profitability has been significantly negative. The company recorded an operating loss of $129 million over the last four quarters, resulting in an operating margin of -84.5%, while net losses amounted to $124 million, equating to a net margin of -81.2%. Despite these unfavorable margins, the stock is trading at a price-to-sales ratio of 11.6, notably higher than the S&P 500's 3.1. CIFR stock has performed far worse than the benchmark S&P 500 index during several recent declines. Although investors hope for a soft landing for the U.S. economy, how severe could the situation become if another recession occurs? Our dashboard How Low Can Stocks Go During A Market Crash illustrates how key stocks performed during and after the last six market crashes. In the inflation shock of 2022, CIFR stock plummeted 97.2% from a peak of $14.52 on 16 September 2021 to $0.41 on 28 December 2022, compared to a peak-to-trough drop of 25.4% for the S&P 500. The stock has yet to bounce back to its pre-crisis high. While it would be wise to steer clear of CIFR stock for the time being, you might consider the Trefis Reinforced Value (RV) Portfolio, which has outperformed its benchmark for all-cap stocks (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) delivering strong returns for investors. Why is that? The quarterly rebalanced mix of large-cap, mid-cap, and small-cap RV Portfolio stocks has offered a proactive strategy to capitalize on positive market conditions while minimizing losses when markets decline, as elaborated in RV Portfolio performance metrics
Yahoo
02-07-2025
- Business
- Yahoo
Bitcoin Miner IREN Hits 50 EH/s Midyear Hashrate Target, Eyes AI Expansion
Australian bitcoin (BTC) miner IREN (IREN) said it reached its midyear hashrate target of 50 exahashes per second (EH/s) installed self-mining capacity. The growth from 31 EH/s at the end of last year is anchored by IREN's 750MW site in Childress, Texas, the company formerly known as formerly Iris Energy, said in an announcement on Tuesday. Sydney-based IREN's attention is now on Horizon 1, a 50MW AI data center at Childress, which it says it set for delivery in the fourth quarter. Hashrate is a measurement of the computing power behind the Bitcoin network. The higher a company's hashrate, the higher its chances of mining new BTC and receiving the rewards that come with it. Rival CleanSpark (CLSK) also reached the milestone of 50 EH/s last month. "With 50 EH/s of mining expansion complete, we're now turning to our next frontier, leveraging the same execution discipline to scale AI infrastructure across high-growth compute markets," co-founder Daniel Roberts said in the statement. IREN's Nasdaq-listed shares closed over 4% higher at $14.57 on Monday. They were recently 4.12% lower in pre-market trading. Sign in to access your portfolio
