About: Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. For more information, please visit: ir.cangoonline.com.
Index Update
5-D Volatility: Bitcoin mining stocks mirrored Bitcoin’s volatility. Here’s how they performed compared to other major stocks 👇👇
Major Company Updates
- Gryphon Digital Mining announces stockholder approval of merger transaction with American Bitcoin (link)
- Applied Digital finalizes additional 150 MW lease with CoreWeave in North Dakota (link)
- IREN expands AI cloud to 10.9k GPUs, with NVIDIA Preferred Partner status and additional financing secured (link)
- Canaan Inc. supplies Avalon® ASIC kits for Bitfury's North American infrastructure upgrade (link)
- Soluna surpasses one gigawatt of clean computing projects with launch of two new sites (link)
- Hut 8 announces plans to develop four new sites with more than 1.5 GW of total capacity (link)
- MARA advances international growth strategy with leadership appointments and regional headquarters in Europe (link)
P.S. We’ve turned our latest analysis report into a short video - because some of you might prefer watching or listening over reading. Thought we’d give it a shot! Let us know what you think. 😉
In the meantime, we’re already brainstorming topics for our next interview. If you're deeply interested in a particular mining stock and have solid research or a thesis you'd love to share, reach out. We’d be glad to feature your ideas for the wider investor community. You never know- your perspective might just spark fresh ideas for someone else.
👋 Bye, August. Hello, September! 🌻
That’s all for this week! Feel free to drop us a message if you have any suggestions, feedback, or just want to say hi.
Thanks for being part of our journey - see you next week!
Cindy & the BMS Team 💜