U says October mining information: Janan's got the biggest order in three years, Pavel Durov's push for GPU's mining project, biter deer and self-mining

The author, Wu, says the block chain

1

The Digital Infrastructure and Encrypted Currency Mining Company, Ionic Digital, published financial statements for the fiscal year 2024, which achieved $138.4 million in mining revenues from Bitcoin, $41.5 million in operating revenues and $40.1 million in net profits during the reporting period. At the end of 2024, the company held cash and 23,934.2 bitcoin, with a total fair value of $271.8 million。

2

Thumzup Media Corporation provides $2.5 million in financial support to DogeHash Technologies for the expansion of their dog coin mining capacity and the accelerated deployment of the next generation of ASIC machines. It is expected that more than 500 ASIC mines will be added, bringing the total miner size to over 40000 this year。

3

In September, CleanSpark, a Bitcoin mining company listed in NASDAQ, published data that increased its holdings to 13,011 bitcoin, increasing production by 27 per cent to 629 per month and selling 445 at an average price of $109,568, returning to cages of approximately $48.7 million; it increased efficiency by 26 per cent over the same period, with an average operating capacity of 45.6 ETH/s. (Cointelegraph)

4

Cango (NYSE: CANG) published its data on mining in Bitcoin in September 2025: 616.6 bitcoin in the same month, with an average daily output of about 20.55; the total number of currency held at the end of the month was 5810. Company deployment is calculated at 50 ETH/s, with an average operating capacity of 44.85 ETH/s。

5

Bitcoin's listed mining company Cipher Mining (CIFR) issued an unaudited production and operation update in September 2025, with about 251 BTC being dug in September to sell 158 BTC. By the end of September, the company had 1,500 BTCs and deployed 114,000 mines. With the full implementation of all previous mining plans, Cipher Mining will continue to focus on high performance calculations (HPC) operations。

Six

BITCOIN MINING COMPANY IREN ANNOUNCED THE ISSUANCE OF $875 MILLION IN CONVERTIBLE ADVANCED BONDS, EXPECTED TO BE DELIVERED ON 14 OCTOBER 2025, AND PROVIDED AN ADDITIONAL $125 MILLION OVERSALE OPTION TO THE UNDERWRITER. THE BOND HAD A MATURITY DATE OF 1 JULY 2031, WITH AN INITIAL CONVERSION PRICE OF 85.63 UNITED STATES DOLLARS PER SHARE, WITH A CAPPED OPTION TRADE OF UP TO $121.8 PER SHARE. IREN PROJECTED NET FINANCING OF APPROXIMATELY $856.5 MILLION, OF WHICH APPROXIMATELY $49.6 MILLION WAS SPENT ON CAP OPTIONS COSTS AND THE REST ON GENERAL BUSINESS PURPOSES AND OPERATING FUNDS。

7

The mining company Bitdeer (BTDR) is significantly expanding its own mining operations in Bitcoin to cope with weak demand in the mining machine market. According to the documents cited by Bloomberg, Bitdeer grew almost threefold in his own ability between the end of 2024 and July 2025 to 22.5 ETH/s, with the goal of becoming the top five Bitcoin mining companies worldwide. In August, Bitdeer dug 375 BTCs, the sixth largest in the world, after Mara, IREN, Cango, CleanSpark and Riot。

8

In September, Kanan Technology announced an increase in self-drilling capacity to 9.30 ETH/s deployment at an average electricity cost of $0.042 per kilowatt-hour; a record high of 1,582 bitcoins and 2,830 iPats; and a purchase order for over 50,000 Avalon A15 Pro machines from United States clients, the largest single purchase order for three years。

9

Bitland was sued by Wyoming State of the United States for a $20.8 million sales dispute. The petition indicated that the parties had signed an agreement in April concerning 6,933 Antminer S21 machines (total strength 1.386 ETH/s) deployed at the Puryear mine in Tennessee, United States. The plaintiff alleged that Bitland had failed to repair the malfunctioning equipment and had breached the contract termination, in violation of the Houston arbitration clause. (The Miner Mag)

10

Kanan Technologies announced a joint mining agreement with the Canadian energy infrastructure company Aurora AZ Energy to launch a “gas conversion” pilot project in Alberta. Janan will deploy approximately $2 million in Avalon A15 Pro miner and containerized data compartments at gas wells, with a total capacity of approximately 2.5 MW. By converting empty gas into low-cost electricity, the project can reduce annual emissions of about 1.2-1.14 million tons of carbon dioxide equivalent and plans to participate in grid demand responses to increase returns. According to Kanan, the project aims to validate the technical and commercial feasibility of an integrated “well-head gas-power-calculation” path by providing a green low-carbon solution for future distributed AI and high-performance computing infrastructure。

11

Bitcoin mining company Bitfarms plans to finance it by issuing $300 million in unsecured convertible bonds, due in 2031. Bitfarms states that the collection of funds will be used for “general corporate purposes”, including through hedge transactions (capped call) to mitigate the risk of ablution of equity from bond conversion. (The Block)

12

DL Holdings (port code: 1709) announced strategic cooperation with the financial technology company Antalpha of NASDAQ, amounting to $200 million, covering monetized gold assets and Bitco mining infrastructure. Cooperation includes investments and distribution of up to $100 million over the next year in the monetized gold assets of Tether Gold (XAU₮), as well as an additional $100 million for a bitcoin credit expansion. Antalpha will provide liquidity, hosting and lending services for XAU₮。

13

Bitcoin mining company Bitfarms announced that it had completed the pricing of US$ 500 million 1.375 per cent of transferable priority instruments (due in 2031). The scale of distribution was up from $300 million previously published. The deal is expected to be delivered around October 21st, 2025. Funds raised will be used for general business purposes and partially used to purchase up-to-date rights to dilute the risk of hedge stocks。

14

On 18 October, the New York State Council introduced Bill A9138, which was implemented in conjunction with the previous Senate version of S8518, to introduce a graduated excise tax on the amount of electricity to be used by clandestine mining enterprises using the PoW mechanism. Enterprises that consume more than 225,000 kilowatt-hours of electricity annually are subject to tax rates ranging from 0.02 to a maximum of 0.05 per kilowatt-hour, which will be used for energy subsidy projects. Mines that use renewable energy and operate off-grid are exempt and, if adopted, will enter into force in January 2027. (Decrypt)

15

THE BRITISH COLUMBIA GOVERNMENT OF CANADA ANNOUNCED ON MONDAY THAT IT WOULD INTRODUCE LEGISLATION THAT WOULD RESTRICT THE USE OF POWER IN ARTIFICIAL INTELLIGENCE DATA CENTRES AND PLAN TO PERMANENTLY BAN NEW ENCRYPTED MONEY MINING PROJECTS. ACCORDING TO THE DEPARTMENT OF ENERGY OF THE PROVINCE, PRIORITY WILL BE GIVEN TO PROVIDING GRID CONNECTIONS TO OTHER INDUSTRIES, SUCH AS MINES AND GAS FACILITIES, WHICH CAN GENERATE MORE EMPLOYMENT AND INCOME FOR RESIDENTS OF BC。

16

According to the Darin Holdings Group (1709), the Hong Kong stock listing company has entered into distribution and subscription agreements and is expected to raise approximately HK$ 973 million. This time, 255 million shares each will be sold and subscribed to, and 63.8 million shares will be distributed to Evergreen World Investment Limited, at a value of HK$ 3.05 per share, a discount of 11.34 per cent compared to the previous market offer. The funds will be used for 56 per cent of the mining expansion of bitcoin, 24 per cent of the development of gold。

17

An encrypted mining company, Argo Blockchain ' s largest creditor, Growler Mining, will take over the company through debt-to-equity swaps, obtaining an ownership interest of 87.5 per cent in Argo, with the original shareholders retaining only 2.5 per cent and unsecured bond holders receiving 10 per cent. The purpose of the reorganization was to avoid bankruptcy and retain NASDAQ's listing, and Argo would also withdraw from the London Stock Exchange. The company will inject new capital and incorporate new mineral assets under the Growler flag into Argo, with the future focus on capital markets shifting to the United States. (Cointelegraph)

18

The Encrypted Loan Platform Arch is launching a new service called TaxShield, which aims to help high-income Bitcoin holders achieve tax reductions by investing in bitcoin machines while receiving monthly mining revenues. TaxShield uses the “accelerated depreciation” policy in the United States Tax Code clause § 168(k) to allow investors to deduct the full cost of equipment from taxable income in the year of purchase of the mine, thereby significantly reducing income tax. Arch co-founder Himanshu Sahay stated that a customer with $1 million in taxable income could reduce the federal tax bill by about $400,000, while continuing to hold BTC and receive incentives for miners. (CoinDesk)

19

TeraWulf Inc., an encrypted mining company, intends to expand the data centre through the issuance of $3.2 billion high-yield bonds, resulting in the largest distribution of a single Wall Street agency-led junk debt. According to the source, the bond had not yet been market-tested because of its structure, but the transaction attracted over $11 billion in orders, thanks to guarantees provided by Alphabet Inc., under the banner of Google. This guarantee will be effective once the data centre is operated and the British start-up company Fluidstack has commenced its lease。

20

Bitcoin Minerals Core Scientific (NASDAQ: CORZ) published the third quarter of 2025, with $81.1 million in revenue and a net loss of $147 million. Revenues from self-drilling were $57.4 million, and bitcoin production fell by 55 per cent. By the end of the quarter, companies held $453 million in cash and $241 million in bitcoin. Its combined vote with CoreWeave will be held on October 30th。

21

The Bitcoin Corporation (NASDAC) announced new acquisitions of about 1,414 bitcoins, increasing their total holdings to about 3,865. The company accumulates bitcoin through self-mining and strategic procurement, part of which is used to host or pledge assets in agreements with the Bitcontinent for the purchase of machines。

22

Kanan Technologies launched a new generation of Avalon A16-series bitcoin miners during the Blockchain Life 2025 Summit in Dubai, with initial model A16XP to support wind cooling configurations of up to 300 TH/s with a power efficiency of 12.8 J/TH. The series will be produced and shipped in North America, East and South-East Asia and is now open for pre-sale。

23

Pavel Durov, at the Blackchain Life 2025 Congress, announced the launch of Cocoon, an open network of confidential computing based on TON and Telegram ecology, using GPU mining, focusing on privacy and confidential AI calculations. Telegram will be actively involved in the development of the project and is expected to be fully operational in November 2025. Durov also mentioned that third-party developers had earned more than $1 billion over the past year through Telegram Mini Apps。

24

Riot Platforms published financial statements for the third quarter of 2025, which amounted to $180 million, more than double the increase over the same period, of which the revenue from the mining of bitcoin was $161 million, driven mainly by increases in the price and the growth of the calculus of bitcoin; net profits of $105 million, which represented a loss of $154 million for the same period last year; and adjusted EBITDA was $197 million, including $133 million in proceeds from carrying bitcoin. A total of 1,406 bitcoins were produced during the quarter, at an average cost of $46,324. Riot also announced the start-up of the 112 MW core construction of two factories in the Corsicana data centre complex in Texas, with approximately 19,287 bitcoin in possession, with a market value of approximately $2.2 billion。