Latest news with #hashrate
Forbes
07-07-2025
- Business
- Forbes
What's New With Cipher Mining Stock?
CANADA - 2025/04/22: In this photo illustration, the Cipher Mining logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Cipher Mining (NASDAQ:CIFR), a company engaged in Bitcoin mining that specializes in building and managing large-scale data centers for Bitcoin mining and high-performance computing hosting, witnessed an increase of nearly 16% during trading on Wednesday. This surge follows the company's announcement of significant advancements at its new mining site, referred to as Black Pearl. The hash rate at this location, which indicates the speed at which computers can handle Bitcoin transactions, far exceeded the company's predictions, with expectations for further growth in Q3. This is important since a higher hash rate enhances Cipher's capability to extract more Bitcoin and can also improve overall operational efficiency and profit margins. Furthermore, Cipher reported that it mined 160 bitcoins in June, sold 58 bitcoins, and currently holds 1,063 bitcoins. In spite of the recent developments, Cipher stock appears less appealing when considering its operational performance over recent years as well as its current and past financial status. Nevertheless, for those looking for potential gains with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having surpassed the S&P 500 and achieved returns exceeding 91% since its inception. Cipher Mining has reported mixed outcomes, although it should be noted that mining companies, especially in the crypto sector, typically display volatile financial results that do not always conform to conventional valuation standards. Revenue has remained relatively stagnant, decreasing slightly from $153 million to $152 million over the past year. In contrast, profitability has been significantly negative. The company recorded an operating loss of $129 million over the last four quarters, resulting in an operating margin of -84.5%, while net losses amounted to $124 million, equating to a net margin of -81.2%. Despite these unfavorable margins, the stock is trading at a price-to-sales ratio of 11.6, notably higher than the S&P 500's 3.1. CIFR stock has performed far worse than the benchmark S&P 500 index during several recent declines. Although investors hope for a soft landing for the U.S. economy, how severe could the situation become if another recession occurs? Our dashboard How Low Can Stocks Go During A Market Crash illustrates how key stocks performed during and after the last six market crashes. In the inflation shock of 2022, CIFR stock plummeted 97.2% from a peak of $14.52 on 16 September 2021 to $0.41 on 28 December 2022, compared to a peak-to-trough drop of 25.4% for the S&P 500. The stock has yet to bounce back to its pre-crisis high. While it would be wise to steer clear of CIFR stock for the time being, you might consider the Trefis Reinforced Value (RV) Portfolio, which has outperformed its benchmark for all-cap stocks (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) delivering strong returns for investors. Why is that? The quarterly rebalanced mix of large-cap, mid-cap, and small-cap RV Portfolio stocks has offered a proactive strategy to capitalize on positive market conditions while minimizing losses when markets decline, as elaborated in RV Portfolio performance metrics
Yahoo
02-07-2025
- Business
- Yahoo
Bitcoin Miner IREN Hits 50 EH/s Midyear Hashrate Target, Eyes AI Expansion
Australian bitcoin (BTC) miner IREN (IREN) said it reached its midyear hashrate target of 50 exahashes per second (EH/s) installed self-mining capacity. The growth from 31 EH/s at the end of last year is anchored by IREN's 750MW site in Childress, Texas, the company formerly known as formerly Iris Energy, said in an announcement on Tuesday. Sydney-based IREN's attention is now on Horizon 1, a 50MW AI data center at Childress, which it says it set for delivery in the fourth quarter. Hashrate is a measurement of the computing power behind the Bitcoin network. The higher a company's hashrate, the higher its chances of mining new BTC and receiving the rewards that come with it. Rival CleanSpark (CLSK) also reached the milestone of 50 EH/s last month. "With 50 EH/s of mining expansion complete, we're now turning to our next frontier, leveraging the same execution discipline to scale AI infrastructure across high-growth compute markets," co-founder Daniel Roberts said in the statement. IREN's Nasdaq-listed shares closed over 4% higher at $14.57 on Monday. They were recently 4.12% lower in pre-market trading. Sign in to access your portfolio
Globe and Mail
01-07-2025
- Business
- Globe and Mail
MARA Reports June 2025 Bitcoin Production and Mining Operations Update, Issues Mid-Year Outlook
Targeting 75 EH/s by Year-End 211 Blocks Won in June, 25% Decrease M/M Increased BTC Holdings* to 49,940 BTC Miami, FL, July 01, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a leading digital energy and infrastructure company, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for June 2025 and provided its hashrate outlook for the full year. Management Commentary "With 1.7 gigawatts ('GW') of captive capacity – including 1.1 GW currently operational – and a growth pipeline exceeding 3 GW of low-cost power opportunities, we are targeting 75 exahash by the end of 2025. This target represents over 40% growth from 2024, supported by machine orders already in place,' said Fred Thiel, MARA's chairman and CEO. 'As the largest public bitcoin miner, this goal aligns with both our rapid expansion and commitment to low-cost power with efficient capital deployment. "Following a record-breaking May, production in June came in lower, with 211 blocks won for the month. The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated. Natural variability in block luck – an expected dynamic when operating our own mining pool – also contributed. "We're excited to be approaching 50,000 bitcoin, a testament to the scale of our operations and the strength of our strategy. This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases, and our continued commitment to building long-term value for our shareholders.' Operational Highlights and Updates Figure 1: Operational Highlights Prior Month Comparison Metric 6/30/2025 5/31/2025 % Δ Number of Blocks Won 1 211 282 (25)% BTC Produced 713 950 (25)% Average BTC Produced per Day 23.8 30.7 (23)% Share of available miner rewards 2 5.4 % 6.5 % NM Transaction Fees as % of Total 1 1.4 % 1.5 % NM Energized Hashrate (EH/s) 1 57.4 58.3 (2)% These metrics are MARAPool only and do not include blocks won from joint ventures. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period. NM - Not Meaningful As of June 30, 2025, the Company held a total of 49,940 BTC*. MARA opted not to sell any BTC in June. *Includes 15,534 bitcoin that is loaned, pledged as collateral or held in a separately managed account for the benefit of the Company. Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the "SEC"). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below. The operational highlights and updates presented in this press release pertain solely to our bitcoin mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC. The bitcoin production figures provided are estimates and may be subject to adjustment in our periodic reports filed with the SEC. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words "may," "will," "could," "anticipate," "expect," "intend," "believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our full-year exahash outlook, our growth pipeline and our bitcoin treasury strategy. Such forward-looking statements are based on management's current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading 'Risk Factors' in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC. About MARA MARA (NASDAQ:MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge. For more information, visit or follow us on: MARA Company Contact: Telephone: 800-804-1690 Email: ir@ MARA Media Contact: Email: mara@
Yahoo
26-06-2025
- Business
- Yahoo
CleanSpark (CLSK) Jumps 13.45% on Higher Bitcoin Production Expectations
We recently published . CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks that soared higher on Tuesday. CleanSpark grew its share prices by 13.45 percent on Tuesday to close at $10.04 apiece following news that it achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, sparking optimism for higher Bitcoin production in the future. In a statement, CleanSpark, Inc. (NASDAQ:CLSK) President and CEO Zach Bradford said that the achievement 'reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right way.' A hall of server racks, illuminated by blue LED lights and humming with energy. 'This growth didn't happen by chance. It's the result of building and operating our own infrastructure, often from the ground up, which has given us the control, resilience, and scalability needed to lead in this industry,' he added. CleanSpark, Inc.'s (NASDAQ:CLSK) infrastructure portfolio spans more than 30 locations across Georgia, Mississippi, Tennessee, and Wyoming, with vertically integrated control over energy procurement, development, and operations. As of this writing, CleanSpark, Inc. (NASDAQ:CLSK) said that it has more than 12,500 Bitcoin holdings in its treasury. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25-06-2025
- Business
- Yahoo
Bitcoin Miner CleanSpark Hits 50 EH/s Hashrate Milestone
CleanSpark (CLSK), a U.S.-based bitcoin BTC mining firm, said Tuesday that it reached 50 exahashes per second (EH/s) of operational hashrate — a milestone that makes it one of the largest mining operations in the world. The company built and operates more than 30 sites across Georgia, Mississippi, Tennessee and Wyoming. A vertically integrated setup gives CleanSpark control over energy procurement and operations, helping reduce costs and boost uptime. 'It reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right way,' said CEO Zach Bradford. Hashrate is a metric used to measure the computing power behind the Bitcoin network. The higher a given company's hashrate, the higher its chances of earning bitcoin rewards. The firm is now preparing to scale up to 60 EH/s, with Bradford stating the company was in 'escape velocity' mode. Meanwhile, CleanSpark's Digital Asset Management arm has begun actively managing over 12,500 self-mined bitcoin to generate returns and support expansion without issuing new shares. 'We're mining bitcoin efficiently, holding it responsibly, and putting it to work in ways that drive shareholder value,' Bradford said. Sign in to access your portfolio
