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 move more erratically compared to Bitcoin itself. Here’s how they performed compared to other major stocks 👇👇
Major Company Updates
- Soluna Holdings announces CFO transition (link)
- HIVE Digital Technologies tops 15 EH/s and provides July 2025 production report with 24% monthly increase in production (link)
- American Bitcoin and Gryphon announce commencement of Gryphon stockholder voting on go-public transaction (link)
- Bitfarms announces partnership with T5 Data Centers to advance HPC/AI development at Panther Creek campus (link)
- BitMine Immersion (BMNR) ETH holdings exceed 833,000 tokens, valued in excess of $2.9 billion, and largest ETH treasury in world (link)
In case you missed it: we’ve launched dashboards for both the Hash Rate and Treasuries pages over the past two weeks. These updates give you a bird’s-eye view of the sector at a glance. Want to know what % of global hash rate public miners control? Or whether the industry is in accumulation or selling mode? It’s all there.
There are plenty of ways to use these tools to power your own research. Now’s the time to explore- and get creative 😃
Oh, and one more thing: IREN mined more Bitcoin than MARA in July, becoming the top producer among public miners for the month. A surprising shift, considering MARA's usual lead.
It’s a good reminder that leadership in this space is fluid. As Bruce Lee said, “Be like water.” Adaptability still wins. 👀 Keep watching- things move fast.
Finally, I wanted to share that our first podcast is live.
I’ve always wanted to hear directly from investors and operators who are actually in the trenches- not just execs. Different voices help us "think out of the box." After all, markets are shaped by diverse views.
In our first episode, we sat down with Arthur, who’s been closely following Celsius Network and shares updates on Ionic Digital, a company with ~ 86,000 creditor-shareholders and a long-planned IPO. (📺 Watch here)
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 💜