Partnerships and contracts between mining companies and major cloud/AI providers like Microsoft, Amazon, and CoreWeave.
APLD · Q3 FY2026 Earnings Call
…live; two 150 MW buildings under construction. PF2 (200 MW hyperscaler campus): progressing on schedule; foundations largely complete. Delta Forge 1 (300 MW Southern U.S. campus): construction started; expected operational by mid-2027. Pipeline expanded to four development sites totaling ~1 GW of potential grid power capacity. South…
AGRI · Q4 FY2025 Earnings Call
…businesses capable of migrating financial workflows onto Avalanche. Partnership with Treehouse involving deployment of over 800 thousand AVAX into liquid staking, targeting approximately 6 percent yield. Board authorized a 40 million dollar share repurchase program; 3.3 million shares repurchased to date. Company expects meaningful revenue scaling…
KEEL · Q4 FY2025 Earnings Call
…serve hyperscalers and neocloud companies with power-secured, colocation‑ready data center infrastructure. Over 2 GW of secured and expansion energy capacity across Pennsylvania, Washington and Quebec. Key Strategic Developments Exited legacy Bitcoin operations; 2026 will complete majority of wind-down. Stronghold acquisition, substantial power…
CORZ · Q4 FY2025 Earnings Call
…Management emphasized strong demand and progress, but longer hyperscaler contracting cycles caused delays. New Power Expansion at Existing Site: Delivered with Dalton, Georgia expansion to 450 MW total capacity, including 120 MW leasable. New Large Land & Power Agreement: Delivered with acquisition of a 265-acre site in Hunt County, Texas, supporti…
RIOT · Q4 FY2025 Earnings Call
…internal engineering capabilities (ESS Metron). Riot sees the AMD partnership as a long-term strategic relationship and is encouraged by early progress. Follow-up (financing details). Answer (Jason Chung): Discussed dual-part risk structure (stabilized cash flows vs. expansion), strong liquidity in project finance markets, and benefits of a low…
WULF · Q4 FY2025 Earnings Call
…(Hawesville – 480 MW): Immediate power availability. Significant hyperscaler interest. State leadership highly supportive. Potential for expansion beyond initial 480 MW. Maryland (Morgantown/Chesapeake Data – 1+ GW): Former coal facility with grid infrastructure. Plan includes 500 MW dispatchable generation, 250 MW battery storage, 500 MW data…
ABTC · Q4 FY2025 Earnings Call
…AI‑powered site optimization, SG&A efficiency, and the Hut 8 partnership, making it highly competitive even as legacy miners fade. Closing Remarks Leadership emphasized SG&A leadership (reduced to 9% of revenue), low mining cost structure, and strong brand momentum. Company reiterates mission: accumulate BTC efficiently, grow per-share BTC expos…
HUT · Q4 FY2025 Earnings Call
…Sutton, Craig-Hallum Question: “How important is the Anthropic partnership for Phase II and III opportunities?” Response (Asher): Very important. Anthropic is flexible and works from first principles, supporting long-term co-engineering and future AI/robotics integration. Kevin Dede, H.C. Wainwright Question: Reaction to potential U.S. rul…
CIFR · Q4 FY2025 Earnings Call
…Stingray, strong but more nuanced demand at Reveille, significant hyperscaler interest at Ulysses, and early-stage but positive interest across remaining sites pending final interconnect approvals. Christopher Charles Brendler – Rosenblatt Securities Question: Asked about new hires and depth of team as the company shifts from mining to HPC; also a…
HIVE · Q3 FY2026 Earnings Call
…Tier 3 designation just directional, or do you already have hyperscaler interest?” Response (Aydin Kilic): AI cloud GPUs typically ROI in ~2.5 years; GPUs have strong residual value (60–80% after several years). BuzzCloud is proven from years of GPU operations. New Brunswick Tier 3 plans are active with engineering underway; interest exists but det…
BTDR · Q4 FY2025 Earnings Call
…Infrastructure & Data Center Development Bitdeer emphasizes colocation for large-scale sites and GPU-as-a-service for smaller sites. Industry AI capacity shortage expected to persist into 2027; time-to-power is a major differentiator. Site-Specific Updates Teadle, Norway (225 MW) Near-term colo opportunity; Tier III-ready build reduces c…
CLSK · Q1 FY2026 Earnings Call
…“Are AI CapEx announcements like Amazon’s indicative of broader hyperscaler demand? Any signs of caution?” Response: Demand is escalating rapidly; significant inbound activity. Question: “How confident are you in signing a contract in the near future?” Response: Very confident; pace has accelerated beyond original expectations. Focus i…
IREN · Q2 FY2026 Earnings Call
…connectivity, attractive SPP power market economics, and proximity to hyperscaler activity. Sweetwater 1 and 2 expected to be included in ERCOT Batch 0, ensuring both sites’ full 2 GW of power remains secured. Capital & Liquidity Position Cash balance at end of January: $2.8 billion. Total capital secured FYTD: $9.2 billion inc…
APLD · Q2 FY2026 Earnings Call
…200-megawatt, 15-year, 5 billion dollar lease with an investment-grade hyperscaler. Total contracted capacity in the Dakotas now stands at 600 megawatts, representing 16 billion dollars in future lease revenue. Company is in advanced discussions for an additional 3 sites totaling 900 megawatts with another investment-grade hyperscaler. Constructi…
ABTC · Q3 FY2025 Earnings Call
…revenue, underscoring a lean operating model driven by the Hut 8 partnership. Bitcoin Mining & Operational Metrics Total mining capacity: Reached 25 exahash by quarter end after exercising a purchase option for 14.8 EH of miners. Average fleet efficiency: 16.3 joules per terahash. Bitcoin reserves: Increased from 0 (April 1, 20…
NIPG · Q2 FY2025 Earnings Call
…Two incentive programs active: AD Gaming / DCT partnership offering 30% payroll subsidy and office subsidies. ADIO incentive program offering up to USD 40 million over four years. HQ build-out is on schedule; several executives already relocated. Incentives expected to materially improve operating leverage…
CLSK · Q4 FY2025 Earnings Call
…demand from hyperscalers and high-quality tenants; focus is on lease agreements at Sandersville and Sealy for HPC/AI use. National strategy to evaluate each megawatt for best use: Bitcoin, AI, HPC, or grid stabilization. Targeting modular fleet upgrades (13.5 J/TH S21X units), maintaining high efficiency and uptime. Analyst Q&A Highli…
KEEL · Q3 FY2025 Earnings Call
…targeted for completion in Dec. 2026. Pursuing both colocation and GPU-as-a-service (cloud) strategies. Panther Creek (PA): 350 MW secured with phased build-out: 50 MW by end of 2026, 300 MW by end of 2027. Additional capacity up to 500+ MW in development with potential ESA conversion and expanded loa…
WULF · Q3 FY2025 Earnings Call
…HPC lease agreement for 360 MW with Fluidstack, backstopped by Google at Lake Mariner campus. Closed $3.2 billion in senior secured financing for Lake Mariner HPC build-out. Formed a new JV with Fluidstack and Google to develop 168 MW of HPC capacity at the Abernathy campus in Texas with expansion potential up to 600 MW. Inc…
IREN · Q1 FY2026 Earnings Call
…related to convertible note financing. Major Milestone – Microsoft AI Cloud Contract Contract Value: $9.7 billion over 5 years with Microsoft to deploy NVIDIA GB300 GPUs across 200MW at Childress campus. Annual Recurring Revenue: Expected ~$1.94 billion. Upfront Prepayment: 20% of contract value (~$1.9 billion), covering ~1/3 o…
MARA · Q3 FY2025 Earnings Call
…buildouts expected to be faster and cheaper than traditional hyperscaler sites. Reggie Smith: "How do you know this strategy is working? What milestones should we look for?" Fred Thiel: Key signal is increasing inference AI workloads and higher profit per megawatt hour. Partnering with governments and securing low-cost energy at scale ar…
HUT · Q3 FY2025 Earnings Call
…Revenue up 31% YoY to $5.1 million, driven by increased ASIC colocation activity. Shifted to intercompany operation with American Bitcoin, revenue now eliminated in consolidation. Power: Revenue declined to $8.4 million from $26.2 million YoY, due to wind down of Ionic Digital MSA. Managed services expanded with American Bitcoin to 325MW. 85%…
CIFR · Q3 FY2025 Earnings Call
…development. Major HPC Contracts Secured: Amazon Web Services (AWS) Lease: Executed a 15-year, 300 MW direct lease with AWS, expected to generate $5.5 billion in contract revenue. Phase 1 delivery in July 2026, rent commences August 2026. Fluidstack & Google Deal: 10-year lease agreement for 168 critical IT MW (244 MW gro…
RIOT · Q3 FY2025 Earnings Call
…temporary and rolling off going forward. Legacy mining host contract settled, eliminating negative drag from ongoing litigation and improving earnings visibility. Analyst Q&A Highlights John Todaro – Needham: “Can you just give us an update, in particular, on the discussions you're having with potential tenants for those fi…
APLD · Q1 FY2026 Earnings Call
…billion NOI run rate over five years with support from long-term hyperscaler contracts (CoreWeave and pending contracts for Harwood site). Power Availability: Project expansion subject to regional power and transmission capabilities; expected scaling at Polaris Forge sites through 2028–2030. Industry Context: AI hyperscalers projected to in…
IREN · Q4 FY2025 Earnings Call
…decision to fill Horizon 1 with your own GPUs versus pursue a colocation deal?” Kent Draper: Not a binary decision. Capacity could be split. Flexibility to pursue cloud if returns are better; Horizon 2 preconstruction gives optionality. Nick Giles, B. Riley: “You’re focused on bare metal today, but could…
DMGI.V · Q3 FY2025 Earnings Call
…minister-level officials and interested clients. Malahat Nation partnership progressing on pilot project and infrastructure buildout for 15MW agreement. Working with First Nations Finance Authority on funding. Two megawatts of prefabricated data center infrastructure purchased; potential sale or deployment under discussion. Bitcoin…
WULF · Q2 FY2025 Earnings Call
…site. Q: “Does Fluidstack have a hyperscale partner like Microsoft with CoreWeave?” A: Management declined to specify Fluidstack’s customer list. Q: “Why a 95M share price for Cayuga?” A: Langlais said it was done at a discount to third-party bids and in equity to align interests. Stephen Will…
KEEL · Q2 FY2025 Earnings Call
…and the appointment of T5 lends credibility thanks to their hyperscaler experience. Stephen Glagola (JonesTrading) Q: “Could you share expected revenue per MW for powered shell at Panther Creek? And PUE benchmarks?” A: Gagnon refrained from precise revenue or EBITDA forecasts due to sensitivities but cited PUE target of 1.25 vs 1.5 industry…
HUT · Q2 FY2025 Earnings Call
…American Bitcoin for over 130 MW of both managed services and ASIC colocation. Infrastructure Development: Vega site partially energized; expected to provide 205 MW for Bitmain and (via purchase option) American Bitcoin. Far North JV: Secured 310 MW in five-year capacity agreements for Ontario-based power plants. Energy Management: Near…
CIFR · Q2 FY2025 Earnings Call
…half 2026. Barber Lake: 300 MW site. Actively pursuing a hyperscaler HPC lease. Discussions progressing; deal anticipated by year-end. Stingray Site (Andrews County, TX): 100 MW front-of-meter site. Substation development underway. Target energization: Q3 2026. Future Growth Sites: Reveille (Katula, TX): 70 MW approved, e…
RIOT · Q2 FY2025 Earnings Call
…completion by end of Q3 2025, enabling tenant discussions and lease finalization. Rockdale Upgrade: 125MW of added capacity repurposed for BTC mining short-term, long-term objective is data center transformation. Capital Investment: Fully funded CapEx through 2025. Raising 2025 hash rate forecast from 38.4 EH/s to 40 EH/s, and initial Q1 20…
APLD · Q4 FY2025 Earnings Call
…Polaris Forge 1 Data Center: Signed 15-year lease agreements with hyperscaler CoreWeave for 250 megawatts of capacity. CoreWeave has since exercised an option for an additional 150 megawatts, totaling 400 megawatts contracted. Revenue Impact: Leases expected to generate ~$7 billion in total contracted revenue through term end. Construction…
MARA · Q2 FY2025 Earnings Call
…some mid-tier miners are attempting HPC, most haven’t secured hyperscaler contracts and will struggle with customer acquisition. MARA remains focused on bitcoin mining while positioning to leverage convergence of AI-driven inference needs, particularly around data sovereignty and partnership with sovereigns and energy companies to create strategic…
HIVE · Q4 FY2025 Earnings Call
…footprint increase expected. Question: “Customer base and contract durations for HPC?” Answer: 80% utilization with mix of Dylan – ROTH: Question: “Will Toronto data center come online in phases or all at once?” Answer: Likely in one 9-month retrofit phase; facility currently operating, but…
DMGI.V · Q2 FY2025 Earnings Call
…Management continues to explore innovative financing and partnership arrangements to support growth without shareholder dilution.…
BTDR · Q1 FY2025 Earnings Call
…inbound requests; priority is securing a development partner with hyperscaler relationships. Q2: Why the recent loan agreement and thoughts on capital structure going forward? A (Jeff LaBerge): Avoided ATM dilution due to poor market timing. Going with responsible debt to finance chip purchases with expected ROI. Kevin Cassidy – Rosen…
IREN · Q3 FY2025 Earnings Call
…with several potential anchor customers (multiple site visits, contract negotiations ongoing). Future vision includes potential retrofitting and expansion of whole 750 MW Childress site to AI workloads. Sweetwater, TX: 2 GW AI flagship campus across 1,800 acres; first phase (1.4 GW) on track for April 2026 delivery. All majo…
KEEL · Q1 FY2025 Earnings Call
…Gagnon: Demand remains insatiable. Short-term headlines (e.g., Microsoft pullbacks) haven’t slowed investment or customer engagement.
MARA · Q1 FY2025 Earnings Call
…workloads and digital infrastructure offerings Hardware partnership with Auradine ( BTC price as of end of Q1: ~$82k (vs. $100k+ currently), suggests $800M unrealized fair value gain potential for Q2 Capital and Financial Strategy $2B at-the-market (ATM) equity facility established to support flexible, KPI-based capital deploym…
CLSK · Q2 FY2025 Earnings Call
…Question: “Is access to power easing as big players like Microsoft pull back commitments?” Zach Bradford: Yes. Power availability in rural America remains strong. Hyperscalers shifting from co-lo to own builds, creating infrastructure opportunities for miners like CleanSpark.…
HUT · Q1 FY2025 Earnings Call
…dedicated entity. Hut 8 retains strategic agreements including colocation, managed services, and shared services with ABTC, converting cyclical mining revenues into contracted recurring revenues. Capital Position: $275.5 million raised via ATM offering since inception; Bitcoin assets available for growth investments; actively exploring refinanc…
CORZ · Q1 FY2025 Earnings Call
…FY2025. CapEx: ~$90 million in Q1, with majority funded by CoreWeave under contractual terms. CapEx aligns with infrastructure expansion, not expected to recur at this level in future quarters. GPU Transition: Core is executing a major shift from Bitcoin mining to colocation infrastructure for GPU-based workloads, with 570 megawatts billabl…
CIFR · Q1 FY2025 Earnings Call
…including from global investors and enterprise clients. Larger hyperscaler engagements continue at normal cadence. Joseph Vafi – Canaccord Genuity: "Could you drill down more on the financing strategy approach at Barber Lake with Fortress? And how does this approach translate to your longer-term strategy for your pipeline?"…
RIOT · Q1 FY2025 Earnings Call
…AI/HPC?” Jason Les: Demand remains strong, reinforced by hyperscaler earnings calls highlighting increasing CapEx. William Copps, Piper Sandler: “What would project-level financing look like?” Jason Les: Open to all forms of financing; goal is to optimize cost of capital. The quality of the tenant will influence deal qual…
APLD · Q3 FY2025 Earnings Call
…assisting with leasing discussions for Ellendale Strong hyperscaler interest for Ellendale’s 100MW (and full 400MW) capacity Goal to lease full campus to a single customer Active discussions for future South Dakota site and additional campuses Analyst Q&A Highlights Nick Giles – B. Riley Securities: “First…
KEEL · Q4 FY2024 Earnings Call
…will that be your strategy?” Ben Gagnon: Depends on the hyperscaler. Triple-net leases are preferred. Hyperscalers offer better credit and cost-of-capital advantages. “Could you be opportunistic in buying miners at a discount?” Ben Gagnon: No immediate plans. Would only consider if pricing becomes materially attractive.…
DMGI.V · Q1 FY2025 Earnings Call
…to quantify, but SCIF-rating could command premium long-term colocation contracts, potentially exceeding BTC mining revenue. Q: Does the market care about carbon-neutral bitcoin? A (Sheldon Bennett): Yes. Financial institutions are seeking compliant, carbon-neutral options. Growing demand and market naturally moving toward renewable…
HUT · Q4 FY2024 Earnings Call
…development with land secured and site prep already started. Hyperscaler-focused with high-value infrastructure appeal and pre-zoning/planning approvals secured. Analyst Q&A Mike Colonnese – H.C. Wainwright: "Could you provide more detail around your capital allocation priorities for 2025?" Answered by Asher Geno…
WULF · Q4 FY2024 Earnings Call
…Colo remains preferred model due to higher returns. Open to hyperscaler deals if returns align. John Todaro (Needham & Company): "Will current elevated power costs persist and is HPC overhead front-loaded?" Patrick Fleury: Power spikes in Dec-Jan were anomalies. Long-term expected power pricing at ~$0.045/kWh. SG&A now reflects…
MARA · Q4 FY2024 Earnings Call
…equipment. Brett Knoblauch: "Update on NGON 25 MW partnership?" Fred Thiel: On track to be fully operational by end of Q1 2025. Validates MARA’s ability to generate on-site efficiently. Opens opportunities for deploying larger onsite generation. Brett Knoblauch: "What gets you excited in the Bitcoin ecosystem?"…
CORZ · Q4 FY2024 Earnings Call
…sites and signing additional contracts across enterprise and hyperscaler clients. Joe Flynn, Compass Point Research: “What has been the biggest challenge in project timeline pushouts?” Adam Sullivan: Scheduling equipment deliveries required redesigns; increased design complexity and permitting reviews…
BTDR · Q4 FY2024 Earnings Call
…especially Clarington, OH, for AI and HPC. No slowdown seen in partnership interest despite industry uncertainties. Analyst Q&A Highlights Mike Colonnese – H.C. Wainwright: "There have been several media reports out there that suggest some U.S.-based miners are experiencing delays in receiving their ASICs from your bigges…
CIFR · Q4 FY2024 Earnings Call
…interest so then Softbank came around? Or are you seeing more hyperscaler interest since Softbank came in?” Answer (Tyler Page, CEO): Interest preceded and continued post-SoftBank. There's steady interest across several sites, particularly Barber Lake and the eastern "3M" sites. While exclusive to final deal with SoftBank for now, disc…
RIOT · Q4 FY2024 Earnings Call
…justify. Combined site capacity (1.7GW) could attract a single hyperscaler. Brett Knoblauch (Cantor Fitzgerald): "Is all of Corsicana on the table for a hyperscaler?" Answer (Jason Les): Yes, both the current 400MW and future 600MW can be utilized if economics and interest align. Brett Knoblauch (Cantor Fitzgerald): "Would Rockdale’s…
IREN · Q2 FY2025 Earnings Call
…Maintain flexibility across Bitcoin mining and AI colocation/cloud at core sites Childress: continues as hub for BTC & liquid-cooled multi-tenant AI deployments Sweetwater: targeted for massive single-tenant AI deployment British Columbia: operating both BTC mining and cloud/AI services (H100/H200 GPUs)…
APLD · Q2 FY2025 Earnings Call
…main substation transformer energized in December 2024. Hyperscaler Lease at Ellendale: Still in late-stage due diligence with multiple interests. Originally exclusive negotiations are now open, increasing engagement pace. Available Expansion Capacity: An additional 1.6GW in pipeline for deployment in 2026–2027. Analyst Questions…
DMGI.V · Q4 FY2024 Earnings Call
…44% in Q3. FY margin improved to 42% from 40% AI Strategy: Partnership with Malahat Nation for up to 30MW joint AI compute build-out; pilot 15MW expected in Christina Lake in 2025 Core+ Strategy: Systemic Trust (digital asset custodian) nearing regulatory approval; Terra Pool and facility management software Helm being revamped; Explorer re…
IREN · Q1 FY2025 Earnings Call
…for mining hardware, $8.1M for GPUs, remainder is electricity contract collateral. Reggie Smith (JPMorgan): “How do you appraise the strategic value of your assets?” Dan Roberts: Part science (NPV models), part art (market signals). Market waking up to the scarcity of signed interconnection agreements. “Are you s…
CAN · Q3 FY2024 Earnings Call
…units), Cipher (6,600 units). Infrastructure Expansion: Partnership with Luna Squares for 30 MW deployment (1.61 EH/s) in Texas and project upgrade with Stronghold in Pennsylvania (0.9 EH/s). Inventory Optimization: Inventory at three-year low; A13 series Bitcoin Holdings: 1,212 Bitcoins at quarter end, now worth ~$110 million at marke…
BTDR · Q3 FY2024 Earnings Call
…are ongoing with potential partners. Jeff LaBerge added that partnership structures and financing are key focus areas. Q: “Can you talk about the rollout of those more efficient rigs… and the scale-up of your global hash rate?” A: Matt Kong confirmed A2 mass production and initial deployment of 18 EH/s, split between self-mining and extern…
DGXX · Q3 FY2024 Earnings Call
…Segment Performance (YTD through September 30, 2024) Colocation Services: $10.7 million (compared to $0 in 2023). Growth driven by partnerships with major U.S. Bitcoin miners and high-efficiency S21 mining equipment. Digital Mining: $10.3 million (down from $13.5 million in 2023). Decrease attributed to Bitcoin halving event and strategi…
HUT · Q3 FY2024 Earnings Call
…expanded from 70% to 86% YoY. High Performance Computing, Colocation & Cloud: Brought in $3.4 million in Q3 2024, no comparable revenue from Q3 2023. Other Revenue: Increased to $7.9 million from $1.3 million, primarily from $5.4 million in natural gas power plant revenue. Energy Cost Optimization: Achieved a 28% reduction in average ki…
ABTC · Q3 FY2024 Earnings Call
…hosting transition timing?” Response (Gutterman): Coinmint contract runs through year-end; fleet likely stays unless a materially better option becomes immediately available. Question: “What does Dan from Anchorage bring to the AI/HPC push?” Response (Gutterman): Dan is highly experienced in mining and power markets; provides daily str…
WULF · Q3 FY2024 Earnings Call
…first customer before year-end... how should we think about contract structure and counterparties?" A (Patrick Fleury): Expect 1–2 customers for 72.5 MW of initial HPC. Will only announce signed definitive agreements. Contract options for expansion will include one-year revenue prepay to facilitate further project financing. Mike Grondahl…
MARA · Q3 FY2024 Earnings Call
…operating; full 372 MW deployment targeted by end of 2025. NGON Partnership: Emerging on-site power generation strategy via stranded natural gas, reducing power cost to as low as $0.01/kWh. Hybrid Strategy (Mining + HODL): Executed a successful Bitcoin acquisition strategy, enhancing BTC-per-share yield by about 50% YTD without equity dilut…
CORZ · Q3 FY2024 Earnings Call
…Secured full 500 megawatts (MW) of HPC hosting contracts with CoreWeave, projected to generate $8.7 billion over 12 years Reallocated 100MW of infrastructure from Bitcoin mining to HPC use, expanding HPC total to 570MW Leased site in Alabama (11MW operating, up to 66MW capacity); serves as platform for new client diversification 100MW e…
CIFR · Q3 FY2024 Earnings Call
…Adjusted net loss of $3M, consistent with prior quarter. Power Contract Derivative Valuation: Marked down $49M in Q3 due to mild summer and lower forward power prices — now valued at $74M. Excluded from adjusted earnings. Balance Sheet: $152M in current assets; cash decreased to $25M from $122M at Q2-end, due to: $67.5M Barbe…
RIOT · Q3 FY2024 Earnings Call
…down from $15.5M in Q3 2023 due to delays in a large government contract. Gross Margin: -$0.9M gross loss vs. $2.3M gross profit in prior-year quarter. Government contract completed in Q3 2024, which has unlocked 1/3 of warehouse capacity. Higher-margin commercial contracts expected to return in Q1 2025. Guidance Revisions 2024…
NB2.DE · Q3 FY2024 Earnings Call
…GPUs ongoing; strong customer demand noted. Extended partnership with NVIDIA to include AI Enterprise software for generative AI tools. Data Center Business: Expansion of capacity with Pittsburgh site retrofit—20MW total, first 5MW availability in early 2025. Total access to above 60MW now, with 1.2GW…
APLD · Q1 FY2025 Earnings Call
…Initial 100MW building nearing lease finalization with a US-based hyperscaler; expansion planned up to 400MW. Data Center Hosting: Operating at full capacity (286MW) across two locations in North Dakota. Cloud Services: Six GPU clusters online; $25.9 million in revenue — strong contributor to overall revenue growth. GPU Lease Financing:…
CANG · Q2 FY2024 Earnings Call
…Analyst, CITIC Securities Question: "How's your strategic partnership with major used car markets help improve your market position? And what about the contribution by these partnerships to your financial performance?" Response (Jiayuan Lin): The partnerships expand our supply chain and in-market inventory variety, addressing diverse cus…
IREN · Q4 FY2024 Earnings Call
…~16 H100 GPUs, ~$1M spend). Seeking sustainable growth with contract pre-payment and credit-worthiness controls. Revenue & Financial Highlights: Adjusted EBITDA: $54.7M (up from $1.4M YoY) Total Revenue: $184M from Bitcoin mining (up from $75M YoY) Bitcoin Mined: 4,191 at average $44k price (89% YoY increase in BT…
APLD · Q4 FY2024 Earnings Call
…projected total cost >$1B. Secured LOI from a US-based hyperscaler for 400MW (includes Ellendale + two new buildings). Project-level financing partners lined up with 80–90% LTC ratios expected pending lease finalization. Outlook Ellendale lease finalization with hyperscaler expected soon; currently >90% comp…
DMGI.V · Q3 FY2024 Earnings Call
…SOC 2 Type 2 compliance. Uses FPPS with competitive fees. Key partnership with PayPal in institutional carbon-neutral bitcoin transactions. Helm Software: Revamped for facility management with rule-based operations. Beta version expected later this year. Blockseer Explorer: Being redesigned to be a general-purpose blockchain explorer. Launc…
LMFA · Q2 FY2024 Earnings Call
…Oklahoma City Expansion: Strategic partnership with Arthur Mining to establish 15 MW hosting facility. Arthur Mining to host LMF’s miners at cost for 10 months. Post-period will shift to market-rate hosting with site-subleasing expected to repay LMF-funded build-out loan. Considering additional adjacent 60 M…
HUT · Q2 FY2024 Earnings Call
…business unit, while co-location targets multi-100MW builds with hyperscaler tenants on long-term contracts.
CIFR · Q2 FY2024 Earnings Call
…entrance into the HPC infrastructure business to support AI and hyperscaler tenants. Strong interest from industry players and capital partners, leveraging Cipher’s experience in data center operations and existing site portfolio. Bitcoin Holdings: Held 2,270 BTC as of July 2024, up from 780 at year-end 2023. Sold 153 BTC during Q2 for $10M in…
WULF · Q2 FY2024 Earnings Call
…infrastructure is a competitive advantage, especially for non-hyperscaler customers.
KEEL · Q2 FY2024 Earnings Call
…customer is ideal for Bitfarms?” Answer: Prefer a single hyperscaler or financially strong partner to avoid managing multiple smaller clients. Focus to remain on infrastructure only. Martin Toner (Follow-Up) – ATB Capital Question: “Did PJM auction results provide more confidence in cost-to-mine projections i…
CORZ · Q2 FY2024 Earnings Call
…100 MW facility HPC build-out CapEx funded by client (CoreWeave) and handled through CapEx credit arrangements Strategic Milestones: Signed 12-year HPC hosting contracts with CoreWeave totaling 382 MW & ~$6.7B in revenue potential Delivered Austin HPC site 30+ days ahead of schedule Began build…
NB2.DE · Q2 FY2024 Earnings Call
…capacity. Total company-owned capacity is now 60MW. Mining partnership in Paraguay with Penguin Infrastructure adds 28MW of renewable energy capacity. Mining to reach 7.9 exahash by year-end. New 300MW site acquired in Corpus Christi, Texas, and AI Accelerator initiative launched to support AI startups. Guidance & Outlook 2024…
RIOT · Q2 FY2024 Earnings Call
…long-term contract structures like Core Scientific’s deal with CoreWeave. Q: “How do you internally benchmark uptime and what’s being done to improve?” A (Jason Les): Historically not satisfied with uptime. Current efforts focus on Corsicana’s improved infrastructure and replacing legacy miners at Rockdale. Major priority area going forward.…
DMGI.V · Q2 FY2024 Earnings Call
…since start of year; targeting launch by year end. Bosonic Partnership: $600k investment; integration with Systemic Trust underway. Terra Pool: Limited operational capacity recently; focused on software rebuild for scalability and SOC2 Type 2 compliance; aims to serve carbon-neutral miners. Helm: New mine management software under devel…
KEEL · Q1 FY2024 Earnings Call
…infrastructure capex. Company is debt-free (excluding IFRS lease accounting). Estimated total remaining payments for miners: $156 million, mostly due in Q3 2024. Approximately $50 million to be spent on infrastructure with most of this happening in Q3 2024. Strategic Positioning Post-Halving: B…
CAN · Q1 FY2024 Earnings Call
…Operating cash consumption at ~$20 million per quarter. Contract Advances: Grew to $39 million at end of Q1 (up from $19.5 million in Q4 2023), driven by A14 presales. Inventory & A14 Transition: A14 in mass production and entering delivery ramp-up stage. A15 series launched May 9, 2024, at Bitcoin Asia—engineering prototypes delivered with…
IREN · Q3 FY2024 Earnings Call
…Answered by Daniel Roberts: Paybacks vary by contract length. Dense 70kW rack design is already “future-proof.” Most traditional centers can't handle this density. Paul Golding (Macquarie): "Is capital the only constraint to sourcing more GPUs and any scenario where you swap ASICs for GPUs?"…
HUT · Q1 FY2024 Earnings Call
…million, up from $5.1 million, driven by launch of Ionic Digital contract. HPC / Cloud / Co-location Revenue: $3.3 million, with no prior-year counterpart as this originated from the merged Hut 8 Mining Corp. Other Revenue: $8.8 million, including hosting, equipment sales, and power revenues from the Ontario plant. Bitcoin Holdings: 9,1…
WULF · Q1 FY2024 Earnings Call
…Question: “Does the Nautilus expansion option change with Amazon's acquisition? And what's the timing outlook?” Response (Nazar Khan): No change in terms. Still valid. Targeted online date in 2025. Current focus remains on completing Lake Mariner’s new buildings for near-term capacity boost. Question: “How should we prioritize paying down de…
CLSK · Q1 FY2024 Earnings Call
…Portfolio: 8 owned/operated data centers in Georgia and Mississippi; colocation in New York Efficiency: Among the most efficient miners globally; 50% cash EBITDA margin Fair Value Bitcoin Accounting: Recognized $120 million unrealized gain from Bitcoin holdings under new fair value method Growth Target: Reaffirmed path to 32 EH/s by end…
CORZ · Q1 FY2024 Earnings Call
…over 3–4 years Already delivered a 16 MW facility to CoreWeave, over 30 days early Target revenue per MW: $1.4M – $1.6M/year with 75%–80% gross margins Conversion cost: $5M–$8M per MW (vs $7M–$12M greenfield) BTC Mining & HPC Strategy: Balanced to optimize cash flow and risk Use of Client Prepaid CapEx: T…
CIFR · Q1 FY2024 Earnings Call
…industry electricity cost at ~$0.027/kWh. Odessa power contract added $7.3M in financial value and is valued at $101M as a derivative asset. Adjusted gross margin benefited from disciplined cost management and strong fixed power arrangement. Liquidity & Balance Sheet: $213M in liquidity as of Ap…
SDIG · Q1 FY2024 Earnings Call
…agreement starting March 2024. Announced demand response partnership with Voltus to participate in PJM grid programs (price response and sync reserve). Expected to improve power economics by getting paid for curtailing load. Environmentally Beneficial Operations: Removed ~30 million tons of toxic mining waste…
APLD · Q3 FY2024 Earnings Call
…approx. $200,000 each (45 required). HPC Expansion: 400 MW hyperscaler LOI signed (includes existing 100 MW). Total development capacity at Ellendale now 400 MW, plus 9 MW HPC at Jamestown. Hyperscaler deal expected to lead to 15-year contract. Cloud: Welcomed Together AI as a client. Revenue from clusters was delayed but expected to accele…
GRYP · Q4 FY2023 Earnings Call
…renewable energy. Published a full carbon emissions report in partnership with CarbonChain, making Gryphon the first miner to publicly share such a granular assessment. Maintained positive net cash flow throughout 2023, even during market downturns. Top-ranked for Bitcoin Efficiency in 6 of the last 12 months and consistently ranked in…
HUT · Q4 FY2023 Earnings Call
…– is this for 2024 revenue or 2025? Will you build a site or colocation?" Asher Genoot (CEO): Execution will begin in 2024. We'll announce full plan next quarter. Entry point via colocation to accelerate exposure to GPU market while preparing longer-term AI data center infrastructure. John Todaro (Needham): "What…
WULF · Q4 FY2023 Earnings Call
…Response (Patrick Fleury): HPC infra (with long-term hyperscaler contracts) can be financed 70–90% Bitcoin mining at Lake Mariner continues to benefit from favorable pricing and climate, supporting cost targets James Roland, Meme Stock Watch Question: Why is WULF the best choice among miners, especial…
CORZ · Q4 FY2023 Earnings Call
…Diversification: Signed $100+ million multi-year contract with CoreWeave for high-performance compute (HPC) hosting. Represents strategic optionality and diversification into AI/cloud markets. Cost Efficiency: Total cash cost to mine a bitcoin was $14,982 in 2023 ($12,528 power + $2,454 facility ops), or $3.98 per terahash. Operational Rest…
CANG · Q4 FY2023 Earnings Call
…Q1: "We noticed that the company has entered a strategic partnership with Caocao Mobility. Can the management share some details on these progress?" A (Jiayuan Lin, CEO): Caocao is a major shared mobility platform. Cango brings strong inventory and automotive trading experience. Both companies’ IT teams are collaborating on backend system in…
KEEL · Q4 FY2023 Earnings Call
…cost as low as $7,700/BTC due to cheap $0.021/kWh electricity contract. Annual Share Performance: 592% annual stock return in 2023, making Bitfarms the top performer on TSX and 8th best on NASDAQ. Strategic & Operational Highlights Hashrate Growth: Targeting an increase from 6.5 EH/s to 12 EH/s by mid-2024, and 21 EH/s by year-end…
CIFR · Q4 FY2023 Earnings Call
…2025. Target is to increase to 25.1 EH/s by 1H 2025. Power Contract Value: Derivative asset from Odessa PPA is now valued at $93.6M, up $26.9M YoY, recorded partially as non-GAAP gain. Treasury Strategy: Cipher continues to HODL BTC while also using strategic collars to hedge downside and capitalize on upside during volatility. Accounti…
CAN · Q4 FY2023 Earnings Call
…power selling price increased? How was spot sales compared to contract sales? How were sales of mining machines with higher power efficiency?” Answer: A13 series sold on spot market; A14 on future contracts. Presale prices for A14 are rising. Spot sales in Q4 reached 5.47 million TH/s; presales crossed 7.5 million TH/s. Lucas Pipes – B. R…
IREN · Q2 FY2024 Earnings Call
…miners instead of S21 or others?" Daniel Roberts: BITMAIN partnership demonstrates reliability and flexibility. The T21s offer high efficiency, dual-mode operations, and optimal use of high-density IREN data centers. Josh Siegler (Cantor Fitzgerald): "What informed the decision to lean into GPU Cloud instead of a larger…
APLD · Q2 FY2024 Earnings Call
…amortization/lease costs for non-revenue generating GPUs and colocation assets. Business Highlights Data Center Hosting Capacity: Jamestown (100 MW): Full capacity for 5th consecutive quarter. Ellendale (180 MW): Full capacity and consistent uptime. Garden City (200 MW): Currently operating at 132…
CAN · Q3 FY2023 Earnings Call
…64.6% YoY due to regulatory shutdown in Kazakhstan and partner contract breach in U.S. Mining Operations: Ongoing resumption in Kazakhstan; new mining projects deployed in North & South America and Africa. Inventory Management: Nearly completed destocking of models up to A4; currently focusing on clearing A13 series. Expenses:…
SDIG · Q3 FY2023 Earnings Call
…expanding Bitcoin operations right now. Frontier Agreement: Partnership with Frontier Hosting to manage data centers and boost mining uptime. Estimated revenue benefit of $5M–$10M annually compared to internal staffing model. Financial Notes: No new miner purchases since July 2023. All upgrades delivered and deployed by end of August. Cash…
CIFR · Q3 FY2023 Earnings Call
…operational. With new rig acquisitions, total capacity under contract now stands at 8.4 EH/s. By end of 2025, anticipated growth may bring capacity to 23.5 EH/s. Odessa Facility: Odessa, Cipher's flagship facility, achieved 6.2 EH/s using 207 MW of power. In Q3, it mined 1,091 BTC and YTD (through Sept 30) mined 3,162 BTC. Power Costs and E…
APLD · Q1 FY2024 Earnings Call
…and anchor tenants there?" A (Wes Cummins): Current colocation has limited capacity. Most of it used to ramp GPUs to 26,000 (potentially 34,000 by April). Future customers will be serviced from in-process HPC facilities. Q: "Any kind of color from the suppliers... seemed like certainly doable?" A (Wes Cummins): Additional GP…
SDIG · Q2 FY2023 Earnings Call
…plans to achieve 4 EH/s by September 1; 4.2 EH/s hash rate under contract. New Site Development: Planning deployment of 25MW of capacity at a third site; updates expected by end of Q3 2023. Efficiency Gains: Over 6,000 MicroBT M50/M50S and 8,000 Canaan A1246/A1346 miners added for under $15 million, enabling projecte…
CLSK · Q3 FY2023 Earnings Call
…early November. All infrastructure components ordered and under contract. The biggest potential risk lies with utility timing. Q2: "Once the 16 exahash target is achieved, would you view this larger HODL balance as a potential funding source for growth?" Zachary Bradford: Yes, BTC holdings are viewed as a liquidity and gro…
APLD · Q4 FY2023 Earnings Call
…Character.AI: $180M over 24 months; option to expand contract to up to $360M (already executed). Second AI customer contract: Worth up to $460M over 36 months. GPU Procurement: Over 26,000 GPUs ordered; delivery through April 2024. Financing sourced from customer prepayments, OEM options, and vendor financing. New…
CANG · Q1 FY2023 Earnings Call
…April, open to registered dealers nationwide. Formed partnership with China Grand Auto for aftersales services. Financial Metrics Cost of Revenues: RMB480.5 million, down from RMB687 million in Q1 2022. Sales & Marketing Expenses: RMB12.5 million, down from RMB53.8 million YoY. General & Administrative Expen…
DMGI.V · Q2 FY2023 Earnings Call
…Question: “What power prices has DMG seen? How is the power contract structured? And what guarantees does the company have on pricing and availability?” Answer (Sheldon Bennett): DMG uses fixed tariff pricing suitable for large commercial users. This insulates them from market volatility and provides near 100% power availability barring weathe…
CAN · Q1 FY2023 Earnings Call
…depreciation? Answer (James Cheng): Partnership with Cipher is strategic; A13 well-suited to their site. Pricing still low due to market saturation. Depreciation is over 18 months. Inventory is a mix of finished goods and components. Jiaer Zhu (China Renaissance): Questions:…
MIGI · Q1 FY2023 Earnings Call
…energy. Strategic Developments: Sold Greenfield Texas lease and transformers for $8.5 million. Raised $5 million in capital post-Q1 for infrastructure deployment. In final discussions for additional regional sites. Focus shifting toward expanding self-mining vs. hosting. Self-manufactured modular data centers (MDCs) cos…
LMFA · Q1 FY2023 Earnings Call
…for $300,000, expected delivery by end of May 2023. Contract signed with GIGA Energy to host 1,080 miners, expected to be online by end of May, increasing total capacity to 627 petahash. Legacy Business: Nonprofit community association funding business remains stable since Q4 2022. Financial Overview (Compared to Q1 20…
CIFR · Q1 FY2023 Earnings Call
…pricing/payment terms, and Canon’s willingness to build a long-term partnership. Also highlighted Canon’s claim of better heat resilience — useful for Texas hosting. Question: “What would push you to select a new site versus expanding Bear & Chief?” Answer – Tyler Page: Bear & Chief are strong candidates. However, new opportunities with po…
WULF · Q4 FY2022 Earnings Call
…Financial Restructuring and Guidance: Miner contract restructuring with Bitmain, unlocking capital without additional commitments. New capital raised in 2022-early 2023: Over $135 million. Debt restructured from $17M quarterly amortization to free cash flow sweep. SG&A expected to be $22.5 million in 2023, do…
KEEL · Q4 FY2022 Earnings Call
…Morphy: Argentina is energy-rich with abundant natural gas; contract terms secure electricity at sub-$0.03/kWh. Expected to be lowest-cost power source in Bitfarms’ portfolio. Bill Papanastasiou, Stifel: "More color on $22.4 million hardware credit and equipment decisions?" Jeff Lucas & Geoff Morphy: Credits fully cover…
CIFR · Q4 FY2022 Earnings Call
…depreciation, stock-based compensation and fair value change in power contract derivative. Cash & Bitcoin as of February 2023: $16.4 million ATM Equity Shelf: $250 million shelf in place, not drawn to date Key Operational Highlights Total self-mining hash rate of 5.2 EH/s as of February 2023, heading toward 6.0 EH/s target…
MIGI · Q3 FY2022 Earnings Call
…compared to the prior quarter. Hosting Revenue: Hosting colocation revenue rose 58% from Q2 ($3.6M) to Q3 ($5.7M). Energy Market Revenue: Increased dramatically to $6.3M from $0.5M in Q2 (1,160% increase). Cost Discipline: SG&A expenses reduced by 47%, from $9.4M in Q2 to $5.0M in Q3. Balance Sheet: Net assets stood at $92.8M. Post-…
CAN · Q3 FY2022 Earnings Call
…write-down in Q3. Q: “How is your total sales and future contract sales ratio?”A (James Cheng): (Response not specified in transcript.) Q: “What’s the progress of collaboration with foundries?”A (Nangeng Zhang): (Response not specified in transcript.) Kevin Dede – H.C. Wainwright Q: (Actual que…
CIFR · Q3 FY2022 Earnings Call
…agreement. Revenue Impact: The gain on the Odessa power contract (valued at $78.9 million) significantly contributed to net income; the contract allows Cipher to optimize between mining and power sales. Bitcoin Mined: 196 bitcoin mined during Q3 from the Alborz data center; Bear and Chief data centers added capacity capable of producing ~2…
APLD · Q1 FY2023 Earnings Call
…"Can you confirm the length and terms of the new ND power contract?" Response (Wes Cummins): Contract is 5 years in length with very attractive pricing (undisclosed). Nick (for Kevin Dede) – H.C. Wainwright: “Can you confirm energization timelines for Garden City and Ellendale?” Response (Wes Cummins): Garden City: any time…
IREN · Q4 FY2022 Earnings Call
…20 MW minimum viable component; $30/TH pricing from Bitmain contract helps keep CapEx low. Majority of CapEx is in the initial connection. Joseph Vafi (Canaccord): "With global energy prices, is there potential to use your cheap power for things other than Bitcoin mining?" Answered by Daniel Roberts: Alter…
APLD · Q4 FY2022 Earnings Call
…major potential HPC customer that could anchor shift to broader colocation business. Q: "How repeatable and scalable is the community bank-based project financing?" A: Wes & David: Highly repeatable; model resembles traditional real estate financing; allows access to low-rate credit like 1.5% ND loan. Targeting 50% loan-to-value going forw…
MIGI · Q2 FY2022 Earnings Call
…power. Texas Expansion: Secured low-capex 120 MW facility in partnership with Texas Pacific Land Corporation and JAI Energy. Australia Expansion: 33% ownership in hydro-powered Bitcoin mining site (Tasmania Data Infrastructure). Sustainability Focus: Net-zero carbon mining strategy, 100% carbon-free energy at main U.S. sites, and extens…
CAN · Q2 FY2022 Earnings Call
…demand. Canaan continued to fulfill orders due to earlier contract sales and maintained sizable customer prepayments (RMB1.017 billion). Overseas expansion is ongoing: Singapore HQ now includes R&D, finance, assembly, and logistics. North America targeted for mining expansion; 5,000 units secured for future deployment in U.S. mining sit…
LMFA · Q2 FY2022 Earnings Call
…(CEO): Added that they cannot comment on whether their pricing contract is consistent with other contracts with Bitmain. Matthew Galinko – Maxim Group: “I guess, maybe last question for me, and I'll jump back into queue. For those of us who are well immersed in SPAC transactions on the sponsor side, anymore or what are the next step…
SDIG · Q2 FY2022 Earnings Call
…transaction. MinerVa Update: Received approximately half of contract value, largely in form of Bitmain S19J Pro replacements. Cost Optimization: Company plans to cut $5–$10 million in annual costs through organizational efficiencies, transitioning from IPO’s hypergrowth posture to a more streamlined operation. Analyst…
CIFR · Q2 FY2022 Earnings Call
…Team & Technology: Senior hires from top firms (Alphabet, Amazon, Meta, Morgan Stanley, etc.) bolster operations. Data science team developing predictive wind models for optimized power usage. Liquidity for Future Expansion: Sufficient capital for non-mining infrastructure. Exploring options like secured debt against data centers and flexible…
CLSK · Q3 FY2022 Earnings Call
…2022?” A (Zach Bradford): 4.5 EH/s of machines under contract. Relying heavily on spot market to minimize capital lockups and ensure fast deployments. Supply chain improvements allow for flexibility. Strategy prioritizes infrastructure readiness before machine procurement. Greg Lewis – BTIG Q: “Can you…
CAN · Q1 FY2022 Earnings Call
…RMB2.64 billion (~US$416.7 million) as of March 31, 2022. Contract Liabilities (Customer Advances): RMB1.77 billion (~US$279.2 million), up from RMB1.34 billion at end of Q4 2021. Bitcoin Mining: Mined 113.94 BTC in Q1; held 166.96 BTC by quarter end. Deployed computing power in Kazakhstan exceeded 2.4 million Thash/s, but active power fluc…
SDIG · Q1 FY2022 Earnings Call
…hosting revenue decline?" Gregory Beard: All but one hosting contract canceled/bought out to repurpose capacity for internal use. Mike Grondahl, Northland Securities Question: "Performance comparison of Panther Creek and Scrubgrass in Q1 vs. projections?" Gregory Beard: Panther Creek operated well post-upgrades. Scrubgrass…
MIGI · Q1 FY2022 Earnings Call
…21.8 EH/s long-term capacity. Over 45,000 ASIC miners under contract, 250 modular data centers, and 160 low-side electrical transformers in deployment. Strategic focus on "Infrastructure First" approach with long-term site leases (7-26 years). Geographic diversification with operations in the U.S. (GA, PA, TX) and Australia. ESG &…
APLD · Q3 FY2022 Earnings Call
…revenue. Strategic Pivot: From Ethereum mining to datacenter colocation hosting in 2021. Joint Venture with Antpool (Bitmain): Up to 1.5 gigawatts, Applied owns 80%, Bitmain affiliate owns 20% with equity conversion option. Texas Wind Sites: Ground broken on one 200MW site; second 200MW site to break ground in a few months. Capacity…
CORZ · Q1 FY2022 Earnings Call
…or customer pre-funding. Strong demand continues for colocation services. No new miner orders placed in 2022 so far. Preparing to take advantage of market dislocation and potential industry consolidation. Evaluating immersion cooling for ROI improvements over the next 6-12 months. Analyst Q&A…
CLSK · Q2 FY2022 Earnings Call
…facilities and power before purchasing mining equipment. Lancium Partnership: Clean campuses powered by renewables, with up to 500MW future capacity planned through 2023. ESG Commitment: Low-carbon energy usage, ESG investor portal launching soon, supports Sustainable Bitcoin Standard. Analyst Q&A Tyler DiMatteo (BTIG) Question:…
CIFR · Q1 FY2022 Earnings Call
…estimates due to an improved mix of more efficient machines under contract with MicroBT. Machine Efficiency & Cost: Average machine efficiency on order now stands at 32.1 J/TH, with an average cost of $45.01/TH. Power Agreements: Cipher has long-term power purchase agreements with a competitive weighted average price of $0.0207/kWh. Inf…
CORZ · Q4 FY2021 Earnings Call
…charging higher USD hosting rates and exploring creative pricing/partnership structures like profit or hash rate sharing. Lucas Pipes (B. Riley Securities): “Thoughts on M&A landscape in next 12 months?” Answer (Mike Levitt): Sees potential opportunities as many peers may struggle to access capital. Capital selectivity l…
KEEL · Q4 FY2021 Earnings Call
…construction. Production begins late 2022. Energy via 8-year contract. Total existing capacity: 121 MW (up from 69 MW at September 30, 2021). Capacity under development: 118 MW ⇒ Total planned capacity of 289 MW in 2022. Targeted Year-End 2022 Hash Rate: 8 EH/s (on track); confirmed path to 7.2 EH/s using current plans and i…
MIGI · Q4 FY2021 Earnings Call
…infrastructure capacity increased from 220 MW to 350 MW. Hosted colocation business significantly expanded with contracts for 116 MW in place (Celsius Mining and Foundry Digital), target of 220 MW by end of 2023. $20 million debt facility secured with Celsius Mining to aid expansion. Balance Sheet Metrics Property & Equipment:…
CANG · Q4 FY2021 Earnings Call
…view on Li Auto and NEV market outlook. Will continue strategic partnership and NEV collaborations.
CIFR · Q4 FY2021 Earnings Call
…Response (Tyler Page, CEO): Cipher has a 7-year strategic contract with Bitfury, which includes a right of first refusal on machines and most favored nation pricing. For 2022, Cipher opted out of Bitfury deliveries for flexibility, but Bitfury has received Samsung chips and is expected to deploy by H2 2022. Kevin Dede – H.C. Wain…
CAN · Q4 FY2021 Earnings Call
…Argentina, and Peru. 41% of Q4 sales came from new customers. Contract Sales Performance: RMB 1.34 billion in advances received as of Dec 31, 2021 — a record high, representing >6 million Thash/s to be delivered. Gross Margin: Q4 gross margin at 68%, highest in the past four quarters. FY 2021 margin was 57.2%. Cash Position: RMB 2.68 bi…
CLSK · Q1 FY2022 Earnings Call
…performance boost. ESG Strategy: Partnership with NASDAQ for ESG advisory services. Focus on renewable energy (solar, wind, nuclear) and carbon offset programs. Social commitments: workplace diversity, community scholarships, above-market wages. Governance initiatives: Monthly BTC production u…
SDIG · Q3 FY2021 Earnings Call
…expect ~125 MW by Q1 2022. Signed Pittsburgh office lease to support 25-person team. Financial Summary (Q3 2021): Revenue: ~$6 million. Adjusted EBITDA: ~$10,000 (roughly breakeven). Cash: $104 million (as of September 30, excluding IPO proceeds). Environmental Mission & Cost St…
CAN · Q3 FY2021 Earnings Call
…7% sequentially, supporting revenue growth. Pre-orders: Contract liabilities stood at RMB 1,026.7 million at quarter-end, up significantly from RMB 430.4 million on December 31, 2020. Bitcoin Mining Operations: Currently running 32,000 TH/s with 23.86 Bitcoin held as of September 30, 2021. Deployed an additional 850,000 TH/s to partners and…
CAN · Q2 FY2021 Earnings Call
…from TSMC? And the CEO have discussed about a multi-foundry partnership before…” Nangeng Zhang: Canaan is well-prepared to utilize TSMC’s excess capacity. Company continues efforts to secure foundry supply. No guarantees from upstream partners yet, but improvements ongoing. Martin (Ten Asset): “Model 1246 has bee…
CLSK · Q3 FY2021 Earnings Call
…by Georgia’s Simple Solar Program and onsite renewables Partnership with Coinmint continues to aid in deploying mined rigs Environmental, Social and Governance (ESG) Currently ~90% of Bitcoin mined from carbon-free sources Goal to offset 100% of carbon-based power through renewable energy credits Plans to release complete E…
KEEL · Q2 FY2021 Earnings Call
…project finance, hired to lead LATAM expansion. Expecting EPC contract signed soon with construction starting within 30–60 days. Global Strategy: Exploring additional renewable energy opportunities in the U.S., Europe, and elsewhere in South America. Focus remains on owned infrastructure over hosting arrangements for better margins and control.…
CSTR.V · Q2 FY2021 Earnings Call
…focusing on reducing redundant software, increasing automation, and contract alignment; $250K in Q2 run-rate attributable to PPP systems will phase out in time. Catherine Mealor – KBW Question: “Updated views on core margin and future expectations?” Response (Denis Duncan): Deposit pricing strategy and deployment of investments hel…
DMGI.V · Q1 FY2021 Earnings Call
…year-end 2021 despite some supply chain challenges. Partnership announcements for immersion cooling fluid and potential manufacturing partners expected soon. Interest from other mining companies in using thematic pool software Blockseer continues; two additional parties currently in discussion. Sustainability & Indus…
CAN · Q4 FY2020 Earnings Call
…Future contracts vary by delivery schedule. Pricing depends on contract time and type. Question: “How do we expect the sales volume in 2021, and average selling price under current Bitcoin price?” Response (Nangeng Zhang): Orders: 156,000 machines, RMB 238 million in advances. Existing machines priced $50–$100 per Thash.…
CAN · Q2 FY2020 Earnings Call
…accounting standards does the company worked with on tools [ph] lease?” Answer by CFO Quanfu Hong: Company operates under US GAAP standards.
CANG · Q1 FY2020 Earnings Call
…is slower. Change in model with WeBank to a risk-free partnership has reduced day-one net take rate. Q2: "Given that the asset quality could be improving... could the management share the latest delinquency trends? And... should we anticipate like a much less significant number going forward?" Answer (Yon…
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