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Is Cango a Bitmain Proxy? Here’s What I Found
Analysis ·

Is Cango a Bitmain Proxy? Here’s What I Found

CANG just became the 4th largest public Bitcoin miner by hash rate. But after a recent leadership shakeup, is it now acting as a proxy for Bitmain? We break down the ownership changes, executive ties, and industry links to uncover what’s really going on.

Core Scientific's Q2 2024 Highlights
Finance ·

Core Scientific's Q2 2024 Highlights

Core Scientific's Q2 2024 results show HPC hosting contributed 4% of total revenue, but a $804.9M net loss, mainly due to financial instruments from bankruptcy. Managing liabilities and leveraging new revenue streams will be key to future growth.

CleanSpark's Q3 2024 Report Highlights
Finance ·

CleanSpark's Q3 2024 Report Highlights

CleanSpark's Q3 2024 report reveals rapid operation growth, boosting Bitcoin mining revenue by 129% (YoY) to $104.1M. However, a -$236.24M net income highlights financial risks associated with its aggressive expansion.