Operations expected to begin in Q3 2025
Antminer shipments accelerated to June 23 with 10% off
The initial $100 million is fully drawn
Q1 fleet hashcost implies Bitmain's energy rate of $0.0758/kWh
No more steep premiums for digital gold shovels
HIVE also upsized an ATM program to tap equity markets
Notice timing coincided with plan halting further hashrate expansion
Pays with discounted Bitcoin while securing upside above $110,900
Construction at Ohio site paused for HPC and AI exploration
Liquidation rose to 70% of total production in April
IREN said it's on track to reach 50 EH/s by June
Cipher has been consistently liquidating Bitcoin reserves