Mike Novogratz’s Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, or $0.08 per diluted share, marking a sharp turnaround from a net loss of $295 million in Q1 2025. However, markets reacted negatively, dropping share prices nearly 8% as of writing to $26.66. The Manhattan-based firm announced AI-tenant CoreWeave has committed to the remaining portion of the available 800 MW of power capacity at the Helios-data campus in Dickens County, Texas. Galaxy also agreed to acquire 160 acres and an additional 1 gigawatt (GW) of power at the same campus, boosting its total energy footprint to 3.5 GW in the region. $GLXY @galaxyhq $CRWV @CoreWeave

Bitcoin miner CleanSpark mined 671 Bitcoin in July as its contracting power supply surpassed 1 gigawatt in the USA. The Las Vegas-based firm holds 12,703 self-mined Bitcoin in its treasury, having sold 575.97 BTC during the month for $64.71 million to self-fund mining operations. $CLSK @CleanSpark_Inc

Chinese auto company turned Bitcoin mining firm Cango grew its hashrate production 45% in July, while its hashrate expanded to 50 EH/s Cango’s bitcoin treasury grew to 4,529.7 BTC at month-end, up from 3,879.2 BTC. Cango did not sell any bitcoin during the month. $CANG @Cango_Group

Starting this week you can find @blockspacepod on @YahooFinance!

Strategy will no longer issue MSTR at below 2.5x mNAV: Q2 earnings call - In the Q2 2025 earnings call, management expressed their belief that MSTR was heavily undervalued. - Strategy has raised nearly $25 billion selling common stock via its at-the-market (ATM) offerings. - As of August 4, $17 billion of the second $21 billion common ATM remains, indicating that Strategy has raised $25 billion since October 2024 selling its common stock. @MicroStrategy @saylor $MSTR

MARA’s July Bitcoin production fell 1% as energized hashrate rose. - MARA mined 703 BTC in July 2025, down 1% month-over-month, with 207 blocks (–2%) despite a 3% hashrate increase to 58.9 EH/s, per MARA’s update. - CEO Fred Thiel cited a 9% rise in mining difficulty due to global hashrate recovery from seasonal curtailment. - MARA hashrate grew 3% with its Bitcoin treasury exceeding 50,000 BTC, closing at 50,639 BTC. $MARA @MARA

Crypto products post first outflows in 15 weeks, sheds $223 million: @CoinSharesCo Some $404 million pulled from investment products over the week, although it nonetheless maintains strong year-to-date inflows of $20 billion.

I was the first to write about labitbu, just because I thought it was interesting. I am not with the labitbu devs! While I'm not profiting off the project directly, here's my self promotion for how you can be first to catch the *next* thing like labitbu: I first wrote about the idea in @blockspacepod newsletter (link below). Any time I see something interesting I will probably write about it in the newsletter. It's free. Then I crossposted the mint site into some of my favorite community discords (@DebaucheryKEK, @OrdinalPenguins, and @TheWizardsOfOrd) because those are the communities which have extremely high ratio of technical + trader knowledge. I usually post stuff first in these chats because they are great testing grounds for new ideas. Blockspace newsletter is free. The communities are token gated.

NEW @GwartyGwart: Hypergamble Your Way To Wealth w/ @fejau_inc "We've lost price discovery. Nothing really is true anymore. That's why hyper gambling has become almost rational." • Fiscal dominance replacing monetary policy • Bitcoin at ATH despite 5% interest rates • US running 7% GDP deficit during full employment

"We're getting to a point where the major bitcoin miners that actually do well are long term holds" - @AsILayHodling on @theMiningPod ⚡️Mara revenue up 12% to $238.5M in Q2 ⚡️Bitmain shipped 187 tons of parts to US ⚡️Fees represent only 1% of block subsidy ⚡️Bitcoin at $118k with hash rate at 900 EH/s