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. Here鈥檚 how they performed compared to other major stocks 馃憞馃憞
Major Company Updates
- Gryphon Digital Mining announces stockholder approval of merger transaction with American Bitcoin (link)
- Applied Digital finalizes additional 150鈥疢W lease with CoreWeave in North Dakota (link)
- IREN expands AI cloud to 10.9k GPUs, with NVIDIA Preferred Partner status and additional financing secured (link)
- Canaan Inc. supplies Avalon庐 ASIC kits for Bitfury's North American infrastructure upgrade (link)
- Soluna surpasses one gigawatt of clean computing projects with launch of two new sites (link)
- Hut 8 announces plans to develop four new sites with more than 1.5 GW of total capacity (link)
- MARA advances international growth strategy with leadership appointments and regional headquarters in Europe (link)
P.S. We鈥檝e turned our latest analysis report into a short video - because some of you might prefer watching or listening over reading. Thought we鈥檇 give it a shot! Let us know what you think. 馃槈
In the meantime, we鈥檙e already brainstorming topics for our next interview. If you're deeply interested in a particular mining stock and have solid research or a thesis you'd love to share, reach out. We鈥檇 be glad to feature your ideas for the wider investor community. You never know- your perspective might just spark fresh ideas for someone else.
馃憢 Bye, August. Hello, September! 馃尰
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