American Bitcoin boosts mining ops 2.4x: from 10 EH/s to 24 EH/s! 🚀 https://www.prnewswire.com/news-releases/american-bitcoin-expands-bitcoin-mining-operations-by-2-4x-from-10-ehs-to-24-ehs-302546111.html

Gryphon Digital Mining (Nasdaq: GRYP) announced stockholder approval of its merger with American Bitcoin on August 27, 2025. A 5-for-1 reverse stock split will take effect September 2, 2025, to meet Nasdaq requirements. Post-merger, shares will trade as “ABTC” under new CUSIP 02462A104. Outstanding shares reduce from ~82.8M to ~16.6M. No action needed for most stockholders; fractional shares rounded up.

Link: https://ir.gryphondigitalmining.com/news-events/press-releases/detail/51/gryphon-digital-mining-announces-stockholder-approval-of-merger-transaction-with-american-bitcoin

Canaan Inc. supplies Avalon® ASIC kits to Bitfury for upgrading 10MW North American Bitcoin mining infrastructure, enhancing efficiency and sustainability. Builds on July 2024 partnership and prior 4,500 A14 miner delivery.  Link: https://www.prnewswire.com/news-releases/canaan-inc-supplies-avalon-asic-kits-for-bitfurys-north-american-infrastructure-upgrade-302540909.html

Vantage Data Centers plans to build a $25 billion AI campus in Texas to meet growing demand for AI infrastructure. https://www.reuters.com/business/vantage-data-centers-plans-25-billion-ai-campus-texas-2025-08-19/

$IREN Chief Commercial Officer Kent Draper takes the stage at the @SALTConference Wyoming Blockchain Symposium to discuss the convergence of AI and Bitcoin Mining.

https://www.youtube.com/live/34fdBEy2Ibk?si=2kCWHvylrWemM0U_

Nice!

The Winklevoss twins are backing American Bitcoin ($ABTC), a Trump brothers-led mining venture, boosting its push for a Nasdaq listing. (https://www.tradingview.com/news/cryptonews:8b14a1185094b:0-winklevoss-twins-back-trump-brothers-bitcoin-mining-empire-bloomberg/)

Canaan Inc. announced strong Q1 2025 results, with a 30.4% increase in average selling price of computing power and a breakeven gross margin, driven by mass delivery of their A15 miners. Full details: https://investor.canaan-creative.com/financials/quarterly-results

Canaan Inc. mined 89 Bitcoin in July 2025, bolstering reserves while expanding U.S. operations with CleanSpark and Cipher Mining, using their efficient Avalon A15Pro miners. A $100 million financing deal strengthens their Bitcoin-focused strategy. https://www.prnewswire.com/news-releases/canaan-inc-provides-july-2025-bitcoin-production-and-mining-operation-updates-302524219.html

Sazmining pioneers Bitcoin mining with Square integration, enabling payments via credit/debit cards, Apple Pay, Google Pay, Cash App Pay, ACH, Bitcoin, Lightning, Tether, and wire transfers. With 350% YOY growth, they’ve launched a $618k crowdfunding campaign to expand access to direct Bitcoin mining. Details: https://bitcoinmagazine.com/news/sazmining-first-mining-square-for-payments

American Bitcoin merges with Gryphon Digital Mining in a stock-for-stock deal to go public on Nasdaq as ABTC by Q3 2025. Aims to scale Bitcoin accumulation. Details: https://www.sec.gov/Archives/edgar/data/1755953/000121390025041704/ea024168901-425_gryphon.htm

Hut 8's subsidiary, American Bitcoin, kicks off Gryphon stockholder voting for their go-public merger, set to close in September 2025. The combined company will trade on Nasdaq as ABTC. Details: https://www.globenewswire.com/news-release/2025/08/06/3128153/0/en/Hut-8-Subsidiary-American-Bitcoin-Announces-Commencement-of-Gryphon-Stockholder-Voting-on-Go-Public-Transaction.html

Monness Crespi raises Block (XYZ) $XYZ price target to $95 from $75, maintains Buy rating, optimistic about CashApp BNPL and Square product improvements ahead of Aug 7 earnings. https://www.tipranks.com/news/the-fly/block-price-target-raised-to-95-from-75-at-monness-crespi-thefly

Meta pilots mass timber in data center construction, reducing embodied carbon by 41%. First building erected in Aiken, SC; more planned in Wyoming and Alabama. https://www.datacenterdynamics.com/en/news/meta-pilots-use-of-mass-timber-in-data-center-construction/

American Bitcoin Corp. and Gryphon Digital Mining are merging in a $350 million deal to create a powerhouse in U.S. Bitcoin mining, targeting a Nasdaq listing as “ABTC” by Q3 2025. Check out the full story to see what’s next for crypto! https://theminermag.com/news/2025-08-01/american-bitcoin-gryphon

​​ Canaan Inc. will supply additional Avalon A1566I immersion-cooling Bitcoin miners to CleanSpark, boosting their Georgia facility’s hashrate. https://investor.canaan-creative.com/news-releases/news-release-details/canaan-inc-supply-additional-avalon-a1566i-immersion-cooling

DOE announces 4 sites for AI data centers & energy projects on federal lands: Idaho Nat’l Lab, Oak Ridge, Paducah, Savannah River. Aims to boost US AI leadership, cut energy costs under Trump admin. Solicitations coming soon! #AI #Energy https://www.energy.gov/articles/doe-announces-site-selection-ai-data-center-and-energy-infrastructure-development-federal

Bitcoin miner IREN could soar 1,572% to $300 per share, per SOTP valuation, says analyst Eric Jackson. The renewable-powered data center company’s stock is undervalued at ~$18, with potential in colocation, mining, and cloud services. https://www.moomoo.com/news/post/55681251/bitcoin-miner-iren-could-surge-1572-as-sotp-valuation-pegs

Meta is innovating data center construction by using large tents to build its AI facilities faster and more cost-effectively. speeding up deployment of massive AI infrastructure. The approach cuts costs and time compared to traditional methods, supporting Meta’s push into advanced AI technologies. Link: https://www.fastcompany.com/91369896/meta-is-using-tents-to-build-its-giant-ai-data-centers

PA GOP lawmakers introduce bills to cut red tape for data centers, aiming to secure $92B+ investments announced at Pittsburgh Energy Summit, leveraging Marcellus Shale for power, or risk losing projects to Ohio and West Virginia.

https://marcellusdrilling.com/2025/07/pas-gop-lawmakers-introduce-bills-to-cut-red-tape-for-data-centers/

Fermi, a Texas company co-founded by Rick Perry, plans to build four AP1000 nuclear reactors in Amarillo, creating an 11 GW “hypergrid” with nuclear, gas, and renewable energy. The project, near the Pantex nuclear weapons plant, is in talks with Big Tech “hyperscalers” for leasing agreements. Named the Donald J. Trump Generating Plant, it seeks financing from DOE loans, equity, bonds, and tax credits.

https://www.reuters.com/sustainability/climate-energy/texas-project-build-four-nuclear-plants-is-talks-with-hyperscalers-2025-07-08/

Elon Musk’s xAI plans to power a new U.S. data center with a million AI GPUs, consuming up to 2 GW, equivalent to 1.9 million homes. To meet this demand, xAI is reportedly buying an overseas power plant and shipping it to the U.S. The current Colossus supercomputer in Memphis, with 200,000 Nvidia GPUs, already uses 300 MW. The new facility will require 1.4–1.96 GW, including overhead. Natural gas turbines are likely, as solar and nuclear options are less feasible. This move underscores the massive energy needs of advanced AI.

https://www.tomshardware.com/tech-industry/artificial-intelligence/elon-musk-xai-power-plant-overseas-to-power-1-million-gpus

IREN Limited achieves 50 EH/s Bitcoin mining capacity, becoming a global leader in efficient mining. The milestone, driven by its 750MW Childress site, supports low-cost production and plans for AI infrastructure growth. Full details: https://irisenergy.gcs-web.com/static-files/fb4a46d1-5815-423e-a379-9e997bba3be6