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TeraWulf Announces Second Quarter 2022 Results and Financial and Operational Updates

Retrieved on: 
Monday, August 15, 2022
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TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today reported financial results for its second quarter ended June 30, 2022, and provided a subsequent operational and financial update.

Key Points: 
  • TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today reported financial results for its second quarter ended June 30, 2022, and provided a subsequent operational and financial update.
  • In May 2022, welcomed Patrick Fleury as Chief Financial Officer, leveraging his deep experience in energy and power and decades of experience in principal investing and financial advisory.
  • During the three months ended June 30, 2022, TeraWulf generated $1.4 million of revenue compared to $0 during the same quarter a year ago.
  • Operating expenses in the second quarter of 2022 increased $980,000 compared to the same quarter a year ago, led by the expenses associated with a two-month miner lease agreement that expired in May 2022.

CleanSpark Acquires Plug-in Ready Bitcoin Mining Facility Scalable to 86 Megawatts, or 2.6 EH/s

Retrieved on: 
Tuesday, August 9, 2022
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The site has exclusive rights to an additional 50 MW of power, making the site scalable to 86 MW.

Key Points: 
  • The site has exclusive rights to an additional 50 MW of power, making the site scalable to 86 MW.
  • The market has been preparing all summer for consolidation, and we are pleased to be on the acquiring side.
  • We are especially excited to be working with the citizens of Washington, GA, who have been so welcoming to us.
  • CleanSpark seized on current market conditions to acquire the site from Waha Technologies, a low-carbon bitcoin miner, which includes the mining facility and machines.

Iris Energy Doubles Operating Capacity to >2.3 EH/s

Retrieved on: 
Monday, August 8, 2022
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SYDNEY, Australia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today announced it has approximately doubled its operating capacity to exceed 2.3 EH/s.

Key Points: 
  • SYDNEY, Australia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (Iris Energy or the Company), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today announced it has approximately doubled its operating capacity to exceed 2.3 EH/s.
  • Iris Energy is a sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network.
  • Forward-looking statements generally relate to future events or Iris Energys future financial or operating performance.
  • Any forward-looking statement that Iris Energy makes in this press release speaks only as of the date of such statement.

Iris Energy Increases 2022 Miner Deliveries From 4.3 EH/s to 6.0 EH/s

Retrieved on: 
Monday, August 1, 2022
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This increases the Companys expected total operating capacity from 4.3 EH/s to 6.0 EH/s.

Key Points: 
  • This increases the Companys expected total operating capacity from 4.3 EH/s to 6.0 EH/s.
  • The Company is currently working through deployment options across its sites, including the Childress project in Texas, USA, for the additional capacity.
  • Iris Energy is a sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network.
  • Any forward-looking statement that Iris Energy makes in this press release speaks only as of the date of such statement.

Meten Holding Group Ltd. Provides Updates on its Blockchain and Digital Currency Business

Retrieved on: 
Thursday, July 28, 2022
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SHENZHEN, China, July 28, 2022 /PRNewswire/ --Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ:METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today provided updates on its blockchain and digital currency business.

Key Points: 
  • SHENZHEN, China, July 28, 2022 /PRNewswire/ --Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ:METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today provided updates on its blockchain and digital currency business.
  • About Meten Holding Group Ltd.
    Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is an omnichannel training company headquartered in China providing language and workplace training services.
  • In addition to its training services, Meten Holding Group actively develops metaverse, blockchain and cryptocurrency mining businesses to align with its future business development strategy.
  • Meten Holding Group actively explores metaverse business, such as Metaverse vocational education courses, with its competitive advantages and technology.

Compass Mining Announces 75MW Site Expansion with Compute North

Retrieved on: 
Thursday, July 21, 2022
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AUSTIN, Texas, July 21, 2022 /PRNewswire/ -- Compass Mining, the world's first and largest online marketplace for bitcoin mining hardware and hosting, is proud to announce its hosting partnership with Compute North at its Granbury, Texas TIER 0™ data center for 75 MW. 

Key Points: 
  • AUSTIN, Texas, July 21, 2022 /PRNewswire/ -- Compass Mining , the world's first and largest online marketplace for bitcoin mining hardware and hosting, is proud to announce its hosting partnership with Compute North at its Granbury, Texas TIER 0 data center for 75 MW.
  • Compute North hosts a variety of large scale and publicly traded Bitcoin mining firms such as Marathon Digital Holdings.
  • Compass Mining is proud to work alongside premier hosting provider Compute North.
  • Compass Mining also hosts a variety of Whatsminer and Antminer units with Compute North at their Nebraska data center.

Integrated Ventures Expands Its Mining Operations By Signing 5YR + 5MW Hosting Agreement With Compute North, LLC

Retrieved on: 
Wednesday, July 6, 2022
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Between 3 hosting locations in NE, TX and PA, the Company expects to have over 3,000 miners online, utilizing over 10MW of power.

Key Points: 
  • Between 3 hosting locations in NE, TX and PA, the Company expects to have over 3,000 miners online, utilizing over 10MW of power.
  • To complete this 5MW hosting deal and to satisfy deposit requirements, INTV was able to secure an equity-based funding, in the amount of $500,000, from BHP Capital, LLC."
  • About Integrated Ventures Inc: the Company operates as Technology Holdings Company with focus on cryptocurrency sector.
  • The Company does not undertake any obligation to update forward-looking statements contained in this press release.

BitNile Holdings Issues June Bitcoin Production and Mining Operation Report

Retrieved on: 
Wednesday, July 6, 2022
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BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (BitNile or the Company) today published an unaudited update on Bitcoin production and miner deliveries.

Key Points: 
  • BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (BitNile or the Company) today published an unaudited update on Bitcoin production and miner deliveries.
  • BitNiles Bitcoin mining production is currently operating at an estimated annualized run rate of 698 Bitcoin based on current market conditions, including a mining difficulty of 29.57 trillion.
  • As of June 30, 2022, BitNile held 140.8 Bitcoin and currently has no plans to sell.
  • Once all 20,600 miners are fully deployed and operational, BitNile is expected to achieve mining production capacity of approximately 2.24 exahashes per second.

TeraWulf Announces Closing of Previously Announced $50 Million Add-On Loan Facility and Initial Delivery of 3,000 S19 XP Antminers from Bitmain

Retrieved on: 
Tuesday, July 5, 2022
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The Company intends to use net proceeds towards completing the datacenter infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania.

Key Points: 
  • The Company intends to use net proceeds towards completing the datacenter infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania.
  • In addition, the Company announced that it anticipates its initial batch of 3,000 S19 XP mining machines from the previously announced purchase agreements with Bitmain Technologies Limited (Bitmain) for its Lake Mariner Facility in New York will be operational in August.
  • The high-performance and low power consumption of the S19 XP miners should significantly benefit TeraWulfs sustainable and low-cost mining business.
  • We are confident in the Companys vertically integrated business model as we continue to expand our long-term partnership with TeraWulf.

Iris Energy Limited Provides Updated Operating & Capital Expenditure Guidance

Retrieved on: 
Tuesday, June 21, 2022
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SYDNEY, Australia, June 21, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading sustainable Bitcoin miner, today re-iterated expected total online operating capacity of 3.7 EH/s by the end of Q3 2022.1

Key Points: 
  • As a result, the Company expects to defer major additional capital expenditure until the current market uncertainty subsides and financing terms improve.
  • The Company will continue to monitor funding markets closely, and if conditions become favorable, the Company expects to explore raising additional capital.
  • Iris Energy is a sustainable Bitcoin mining company that supports local communities, as well as the decarbonization of energy markets and the global Bitcoin network.
  • Any forward-looking statement that Iris Energy makes in this press release speaks only as of the date of such statement.