BBX: Canaan Treasury Reaches All-Time High, HIVE Issues Bonds to Expand AI Computing Power

BBX News: Canaan mined 89 BTC in March, with treasury rising to a historic high of 1,808 BTC and 3,952 ETH, and the integration of low-cost computing power assets in Texas is in place; HIVE issued $75 million in zero-coupon notes to finance GPU and AI data centers, and a main board upgrade application on an exchange has been conditionally approved. Key points: —Canaan: 89 BTC produced in March, treasury at a peak of 1,808 BTC + 3,952 ETH; 266.3 MW Non-JV installed capacity + 120 MW Texas JV; in February, fully acquired Cipher Mining Texas ABC Projects for $39.75 million in shares, 4.4 EH/s, electricity cost <$0.03/kWh; CEO and CFO increased market holdings by 1.45 million ADS shares. —HIVE: $75 million zero-coupon convertible notes to finance AI/GPU expansion; main board upgrade conditionally approved (around April 30); BUZZ HPC $30 million contract signed, with a first phase target of $15 million ARR; holds 2,201 BTC. Source: bbx.com