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 price movements in a more amplified manner. Here’s how they performed compared to other major stocks 👇
Major Company Updates
- Applied Digital announces $5 billion AI factory lease with U.S.-based investment grade hyperscaler at Polaris Forge 2 ND campus (link)
- Mawson Infrastructure launches GPU pilot on decentralized AI network (link)
- Bitfarms announces closing of US$500 million of convertible senior notes (link)
- HIVE Digital Technologies targets 35 EH/s in 2026 with newly signed 100 MW hydroelectric expansion in Paraguay and a 5x growth in HPC and AI operations through strategic partnerships with Bell Canada (link)
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 💜