🐮 Texas Community Pushes to Form New Town to Curb Bitcoin Mine Noise

In Texas, residents living near MARA’s site south of Granbury are pushing to incorporate their community into a new town called Mitchell Bend to gain authority over noise regulations.

The constant hum of mining machines has sparked complaints for years, with locals citing health issues and quality-of-life impacts, while MARA insists its operations meet state and county noise limits and that it has invested in improvements like sound walls and immersion miners.

The conflict escalated after county constable John Shirley issued disorderly conduct tickets over the noise, though the fines were later dismissed. About 600 residents would fall under the proposed town’s jurisdiction, half of whom are registered to vote, and if the initiative passes in November, Mitchell Bend could set its own noise rules.

While MARA says it wants to be a good neighbor, community leaders argue the company has acted more like an adversary, and the upcoming vote may decide whether locals finally gain leverage over the mining giant.

🇺🇸 Trump Family Embraced Crypto After Banks Cut Ties in 2021 Crackdown

Eric Trump says the family became pro-crypto after being “debanked” in the aftermath of the 2021 Capitol incident, when several banks abruptly shut down hundreds of Trump Organization accounts without explanation.

Speaking to The Wall Street Journal, he said the ordeal exposed how fragile and “weaponized” the financial system could be, forcing the organization to rely on regional banks before eventually migrating to a new, undisclosed institution.

He argued the move was politically motivated and drew parallels to how the Biden administration allegedly pressured banks to cut off crypto firms.

In March, the Trump Organization sued Capital One, claiming its account closures were politically driven and caused significant financial harm. A month later, Eric Trump declared that banks must adopt crypto or risk extinction within a decade.

He also endorsed tokenization of real-world assets, asking why properties like Trump Tower couldn’t be tokenized and opened up to global investors.

The Trump family’s crypto involvement has since grown rapidly. Donald Trump launched his own memecoin, TRUMP, days before his presidential inauguration, while the family-backed World Liberty Financial introduced the USD1 stablecoin in 2024.

Eric and Donald Trump Jr. also co-founded American Bitcoin, a subsidiary of Hut 8, which raised $220m for BTC purchases and mining equipment. Reports estimate Donald Trump has earned $2.4b from his crypto ventures, though Eric Trump denies the family has profited from his father’s presidency. He has even floated the possibility of a Trump family member running in the 2028 election.

🗞️ In the News

• 🚀 Gryphon Jumps 231% Ahead of American Bitcoin Merger
  Gryphon shares surged to $1.75, up 231% since May, as its all-stock merger with Trump-linked American Bitcoin nears September completion. The new entity, retaining the American Bitcoin name, will be 98% owned by founders Eric and Donald Trump Jr. and Hut 8.

• ⚡ Hut 8 Unveils 1.5GW US Expansion as Stock Climbs 10%
  Hut 8 will build four new sites in Texas, Louisiana, and Illinois, adding 1.5GW to its 1GW platform, now 90% utilized.

• 🇦🇪 UAE Revealed to Hold $700m in Bitcoin from Mining
  Arkham Intelligence identified UAE government wallets holding 6,300 BTC (~$700m), mined mainly via Citadel Mining, tied to Abu Dhabi’s royal family through IHC and Phoenix Group. The figure is far below rumors of 420,000 BTC from seizures. With 9,300 BTC mined in total, the UAE ranks sixth among nation-state holders, behind Bhutan and ahead of El Salvador. The US leads with 198,012 BTC, followed by China (194,000) and the UK (61,245). Sovereign holdings total ~517,000 BTC worth $56b, about 2.4% of supply.

• 💾 Sequans to Raise $200m for Bitcoin Treasury Push
  Paris-based Sequans filed for a $200m equity program to expand its BTC holdings, aiming for 100,000 BTC by 2030. The 4G/5G semiconductor firm already owns 3,171 BTC ($349m), Europe’s second-largest corporate stash after Bitcoin Group SE. Proceeds could lift holdings to ~5,000 BTC, matching Semler Scientific.

• 💼 JPMorgan Pours $500m Into Numerai as Crypto-AI Trend Grows
  JPMorgan Asset Management committed up to $500m to Paul Tudor Jones-backed hedge fund Numerai, potentially doubling its $450m AUM. Numerai, which returned 25% in 2024, uses crowdsourced AI models and its native token NMR, up 38% on the news.

🗞️ Miner Updates

👁️ IREN Hits $1b Mining Run Rate

• IREN reported quarterly revenue of $187.3m, net income of $176.9m, and EBITDA of $241.4m. Annualized Bitcoin mining revenue reached $1b under current mining economics. AI cloud business added around $250m in annualized revenue.

• Several mining centers including British Columbia are shifting from ASICs to GPUs for AI cloud.

• Horizon liquid-cooled AI data center set to launch in Q4 2025 and Sweetwater facility expected in 2027.

• IREN produced 728 BTC in July versus MARA’s 703 BTC with more than 90% fleet utilization.

• FY25 marked record results with strong profitability and more than 10x EBITDA growth.

• Nasdaq-listed stock closed at $23.02 with a market capitalization of $5.4b up more than 12% in after-hours trading.

🐝 HIVE Powers Past 16 EH/s as Paraguay Expansion Drives Push to 25 EH/s

• HIVE has crossed 16 EH/s of global hashrate and expects to hit 25 EH/s by Thanksgiving, positioning itself among the fastest-growing large-scale miners.

• Daily production has risen above 8 BTC, more than doubling since May as new capacity comes online.

• Phase 2 at the Yguazú site in Paraguay has already energized over 5 EH/s of Bitmain S21+ Hydro miners, with additional machines being deployed weekly.

• Phase 3 at Valenzuela begins in September and is projected to boost output to about 12 BTC per day once fully operational.

• The company’s global fleet efficiency is expected to reach 17.5 J/TH, giving HIVE close to 3% of global hashrate at current network difficulty.

• Expansion is fully funded through operations, with a focus on clean energy and next-generation ASICs to maximize efficiency and margins.

• Based on $113k BTC and 129T difficulty, HIVE projects mining margins of around 60%, underscoring the profitability of its scaling strategy.

⛓️ DMG Blockchain Q3

• Q3 2025 revenue came in at $11.6m, a decline of 8% from the prior quarter, but a 40% increase YoY reflecting stronger pricing despite lower production.

• The company mined 84 BTC during the quarter, down from 91 in Q2, and 87 in the same quarter last year, as hashrate difficulty and energy costs fluctuated.

• Installed hashrate grew to 1.80 EH/s, with fleet efficiency of 22.6 J/T, representing a 2% improvement from Q2, and an 89% increase compared to Q3 2024.

• Operating cash flow reached $18m, boosted by selling $15m more BTC than was mined, supporting liquidity despite narrower margins.

• Cash, short-term investments, and digital assets totaled $61.8m at quarter-end, holding steady from Q2, while total assets rose to $133.6m, up 3% sequentially and 20% YoY.

• Net loss narrowed significantly to $0.4m from $3.3m in Q2, driven by lower operating costs, realized digital asset gains, and favorable foreign exchange impacts.

• 6 MW of hydro-powered mining capacity were fully energized during the quarter, while the company also advanced its AI strategy with the purchase of 2 MW of prefabricated data center infrastructure.

• The Systemic Trust custody business was further developed to capture growth from digital asset funds and corporate treasuries, positioning DMG for longer-term revenue diversification beyond mining.

👁️ IREN FY25 Results

• Q4 FY25 revenue reached $187.3m with net income of $176.9m, Adj. EBITDA of $121.9m, and EBITDA of $241.4m, capping a record year.

• Full-year revenue surged 168% to $501m, net income hit $86.9m versus a $28.9m loss last year, and EBITDA rose 1,344% to $278.2m.

• Annualized revenue approached $1.25b, including over $1b from Bitcoin mining at 50 EH/s and $200–250m projected from AI Cloud by December with 10.9k NVIDIA GPUs.

• Secured NVIDIA Preferred Partner status and full financing for GPU purchases, with long-term capacity to deploy 60,000 Blackwell GPUs and 19,000 GB300s in British Columbia.

• Contracted grid-connected power expanded to 2,910MW, operating data center capacity tripled to 810MW, and Bitcoin mining capacity quadrupled to 50 EH/s.

• AI Cloud infrastructure expanded 132% to 1.9k GPUs, with Horizon 1 (50MW) AI data center on track for Q4 2025 and Horizon 2 already in development.

• Construction progressing on Sweetwater 1 (1,400MW) for April 2026 and Sweetwater 2 (600MW) for late 2027, reinforcing IREN’s multi-gigawatt growth pipeline.