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Mining company IREN expects annual bitcoin mining revenue to reach $1 billion.
ChainCatcher reported that bitcoin miner IREN announced its full-year financial results for the period ending June 30, 2025, with its share price rising more than 12% in after-hours trading. The company reported quarterly revenue of $187.3 million, net profit of $176.9 million, and EBITDA of $241.4 million, which includes $1 billion in annualized bitcoin mining revenue "under current mining economic conditions."
According to the announcement, IREN has replaced ASIC miners used for bitcoin mining with GPU miners for AI cloud at several of its mining centers, including those in British Columbia. The company has also invested in a liquid-cooled AI data center called Horizon, which is expected to be operational in Q4 2025, as well as a Sweetwater facility projected to go online by the end of 2027. Earlier this month, IREN surpassed competitor MARA in both bitcoin production and miner utilization, becoming the mining company with the leading hash rate.
ChainCatcher reported that bitcoin miner IREN announced its full-year financial results for the period ending June 30, 2025, with its share price rising more than 12% in after-hours trading. The company reported quarterly revenue of $187.3 million, net profit of $176.9 million, and EBITDA of $241.4 million, which includes $1 billion in annualized bitcoin mining revenue "under current mining economic conditions."
According to the announcement, IREN has replaced ASIC miners used for bitcoin mining with GPU miners for AI cloud at several of its mining centers, including those in British Columbia. The company has also invested in a liquid-cooled AI data center called Horizon, which is expected to be operational in Q4 2025, as well as a Sweetwater facility projected to go online by the end of 2027. Earlier this month, IREN surpassed competitor MARA in both bitcoin production and miner utilization, becoming the mining company with the leading hash rate.
DeFi Development Corp. increases holdings by 407,247 SOL, worth $77 million
Jinse Finance reported, according to Cointelegraph, DeFi Development Corp. has increased its holdings by 407,247 SOL, valued at $77 million, bringing its total holdings to 1,831,011 SOL. The company still holds over $40 million in net profits, reserved for future SOL purchases.
Jinse Finance reported, according to Cointelegraph, DeFi Development Corp. has increased its holdings by 407,247 SOL, valued at $77 million, bringing its total holdings to 1,831,011 SOL. The company still holds over $40 million in net profits, reserved for future SOL purchases.
Elon Musk's X faces antitrust lawsuit filed by Eliza Labs
On August 29, it was reported that software development company Eliza Labs has filed a lawsuit against Elon Musk's X Corp, accusing it of obtaining the company's key technological information before suspending Eliza's account and launching an imitation AI product. Eliza and its founder and plaintiff, Shaw Walters, stated that X induced them to share technical details about AI agents operating on social platforms and forced developers to pay high enterprise licensing fees to continue operations. According to the lawsuit, X abused its dominant position in social media to suppress competitors, violating antitrust laws. Eliza emphasized that its removal from the platform was not a publishing decision, but rather a "carefully orchestrated and deceitful" act that damaged the company's relationships with clients and limited its development. The case is currently being heard in federal court in San Francisco, and representatives for both X and Eliza have not yet responded to requests for comment.
On August 29, it was reported that software development company Eliza Labs has filed a lawsuit against Elon Musk's X Corp, accusing it of obtaining the company's key technological information before suspending Eliza's account and launching an imitation AI product. Eliza and its founder and plaintiff, Shaw Walters, stated that X induced them to share technical details about AI agents operating on social platforms and forced developers to pay high enterprise licensing fees to continue operations. According to the lawsuit, X abused its dominant position in social media to suppress competitors, violating antitrust laws. Eliza emphasized that its removal from the platform was not a publishing decision, but rather a "carefully orchestrated and deceitful" act that damaged the company's relationships with clients and limited its development. The case is currently being heard in federal court in San Francisco, and representatives for both X and Eliza have not yet responded to requests for comment.
A newly created wallet received 329,444 ETH worth $1.48 billion from an exchange's hot wallet.
According to Jinse Finance, Onchain Lens monitoring shows that a wallet established just one week ago received 329,444 ETH, worth $1.48 billion, from a certain exchange's hot wallet. The ownership of this wallet has not yet been confirmed and it may belong to the exchange itself.
According to Jinse Finance, Onchain Lens monitoring shows that a wallet established just one week ago received 329,444 ETH, worth $1.48 billion, from a certain exchange's hot wallet. The ownership of this wallet has not yet been confirmed and it may belong to the exchange itself.
21Shares submits application to US SEC for SEI spot ETF launch
ChainCatcher news, according to official sources, 21Shares has submitted an SEI ETF S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), and stated in the prospectus that it hopes to explore SEI staking.
ChainCatcher news, according to official sources, 21Shares has submitted an SEI ETF S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), and stated in the prospectus that it hopes to explore SEI staking.
Overview of Major Overnight Developments on August 29
21:00 (UTC+8) - 7:00 Keywords: Cook, US GDP, aPriori, a certain exchange 1. Federal Reserve Governor Lisa Cook sues US President Trump; 2. On-chain market execution layer aPriori completes $20 million financing; 3. The US Department of Commerce publishes the GDP data hash value on 9 blockchains; 4. Susquehanna's Bitcoin ETF holdings have just increased to $2.34 billions; 5. The US plans to connect GDP data to the blockchain, aiming to cover 9 blockchains; 6. A certain exchange becomes the crypto infrastructure partner for uploading US economic data to the blockchain; 7. The US Department of Commerce partners with Chainlink to upload US government macroeconomic data to the blockchain; 8. The US CFTC issues guidance on the registration framework for foreign trading platforms, providing regulatory clarity for non-US trading platforms returning to the US.
21:00 (UTC+8) - 7:00 Keywords: Cook, US GDP, aPriori, a certain exchange 1. Federal Reserve Governor Lisa Cook sues US President Trump; 2. On-chain market execution layer aPriori completes $20 million financing; 3. The US Department of Commerce publishes the GDP data hash value on 9 blockchains; 4. Susquehanna's Bitcoin ETF holdings have just increased to $2.34 billions; 5. The US plans to connect GDP data to the blockchain, aiming to cover 9 blockchains; 6. A certain exchange becomes the crypto infrastructure partner for uploading US economic data to the blockchain; 7. The US Department of Commerce partners with Chainlink to upload US government macroeconomic data to the blockchain; 8. The US CFTC issues guidance on the registration framework for foreign trading platforms, providing regulatory clarity for non-US trading platforms returning to the US.
Federal Reserve Governor Waller: There is no predetermined pace for rate cuts, and we know we are moving toward a neutral interest rate.
Jinse Finance reported that Federal Reserve Governor Waller stated: There is no predetermined pace for rate cuts. We know we are moving toward a neutral interest rate, the only question is how quickly we can get there. (Golden Ten Data)
Jinse Finance reported that Federal Reserve Governor Waller stated: There is no predetermined pace for rate cuts. We know we are moving toward a neutral interest rate, the only question is how quickly we can get there. (Golden Ten Data)
California Public Employees' Retirement System (CalPERS) purchased $18.5 million worth of MSTR shares in Q2
Jinse Finance reported that the California Public Employees' Retirement System (CalPERS) purchased MSTR shares worth $18.5 million in the second quarter. Currently, the fund holds 410,596 shares of MSTR, with a total value exceeding $142 million.
Jinse Finance reported that the California Public Employees' Retirement System (CalPERS) purchased MSTR shares worth $18.5 million in the second quarter. Currently, the fund holds 410,596 shares of MSTR, with a total value exceeding $142 million.
The confirmation hearing for Trump-nominated Federal Reserve candidate Milan is scheduled for 10:00 PM (GMT+8) on September 4.
Jinse Finance reported that the Senate Banking Committee of the Federal Reserve stated that the hearing for Trump's Federal Reserve nominee, Milan, is scheduled for 22:00 (GMT+8) on September 4.
Jinse Finance reported that the Senate Banking Committee of the Federal Reserve stated that the hearing for Trump's Federal Reserve nominee, Milan, is scheduled for 22:00 (GMT+8) on September 4.
USDC Treasury has minted a total of 1.892 billions USDC in the past 7 hours.
According to Jinse Finance, Whale Alert monitoring shows that over the past 7 hours, the USDC Treasury has minted a total of 1,892,131,597 USDC (in 7 transactions). About two hours ago, 1 billion USDC was transferred from the USDC Treasury to an exchange.
According to Jinse Finance, Whale Alert monitoring shows that over the past 7 hours, the USDC Treasury has minted a total of 1,892,131,597 USDC (in 7 transactions). About two hours ago, 1 billion USDC was transferred from the USDC Treasury to an exchange.