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 decoupled Bitcoin’s price movements. Here’s how they performed compared to other major stocks 👇
Major Company Updates
- Bitfarms announces pricing of upsized US$500 million of convertible senior notes (link)
- TeraWulf Inc. announces pricing of $3.2 billion of senior secured notes (link)
- Canaan Inc. regains compliance with Nasdaq minimum bid price requirement (link)
- Cathedra Bitcoin announces completion of share consolidation (link)
- IREN closes $1.0 billion convertible notes offering (link)
- Bitfarms announces the retirement of Jeff Lucas, chief financial officer, and the appointment of Jonathan Mir as successor (link)
In case you’re looking for a high-level overview of last month’s operational updates across the sector, here’s a quick cheatsheet:
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 💜