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鈥檚 volatility- but in more amplified way. Here鈥檚 how they performed compared to other major stocks 馃憞馃憞
Major Company Updates
- TeraWulf Inc. announces full exercise of greenshoe option in $1.0 billion convertible senior notes offering (link)
- LM Funding America raises $23 million direct investment to accelerate Bitcoin treasury strategy (link)
- BUZZ High Performance Computing, a subsidiary of HIVE Digital Technologies Ltd., partners with Bell Canada to deliver advanced sovereign NVIDIA AI infrastructure for Canada (link)
- Applied Digital to break ground on $3 billion Polaris Forge 2 campus in September 2025, expanding North Dakota鈥檚 role as a national AI infrastructure leader (link)
- BitMine Immersion (BMNR) is the #1 ETH treasury in the world, now the 2nd largest crypto treasury globally and the 10th most liquid U.S. stock, trading $6.4 billion per day on average (link)
- Bitfarms appoints former AWS executive Wayne Duso to board of directors (link)
That鈥檚 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 馃挏