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 price movements in a more volatile way. Here鈥檚 how they performed compared to other major stocks 馃憞
Major Company Updates
- CleanSpark, Inc. announces closing of upsized $1.15 billion zero-coupon convertible notes offering (link)
- Bitdeer announces pricing of US$400.0 million convertible senior notes offering (link)
- Soluna completes Project Dorothy 2, increasing operational capacity by 64% to 123 MW (link)
- Bitfarms announces plans for conversion of Washington site to HPC/AI workloads (link)
- Applied Digital advances AI factory buildout with second $787.5 million draw from Macquarie Asset Management (link)
- HIVE Digital Technologies reports October production of 289 BTC, achieves 24 EH/s, and completes Paraguay expansion while fueling Canada鈥檚 Tier III+ AI data center growth (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