This week saw significant developments among major Bitcoin mining companies, including strategic investments, new equipment orders, and production updates.
Marathon Digital Holdings (MARA)
Strategic Investment in Two Prime and BTC Allocation Increase
MARA Holdings invested $20 million for a minority stake in institutional investment adviser Two Prime, while simultaneously boosting its Bitcoin holdings managed by Two Prime from 500 BTC to 2,000 BTC. The additional Bitcoin will be held in a Separately Managed Account for yield generation, reflecting a strategic pivot amid post-halving profitability challenges. Learn more about MARA Holdings’ investment strategy.
Canaan Inc. (CAN)
Major Miner Supply Deal with Cipher Mining
Canaan secured an agreement to supply 6,840 Avalon A15Pro miners (221 TH/s at 16.6 J/TH efficiency) to Cipher Mining for Q3 2025 delivery. This marks Canaan’s first large-scale U.S.-focused manufacturing initiative, utilizing facilities in the U.S. and Malaysia to support domestic production amid rising ASIC demand. Details about the Canaan-Cipher deal.
Cipher Mining (CIFR)
Fourth Canaan Order for Black Pearl Expansion
Cipher Mining exercised its fourth purchase option with Canaan for 6,840 high-efficiency miners, targeting deployment at its Texas-based Black Pearl facility in Q3 2025. Despite a June production dip to 160 BTC (down from 179 BTC in May), Cipher maintained a treasury of 1,063 BTC while navigating grid-curtailment events. Explore more on Cipher Mining’s latest order.
Hive Digital Technologies (HIVE)
Paraguay Expansion Drives June Production Surge
Hive mined 164 BTC in June—an 18% monthly increase—following operational scaling in Paraguay. Average hashrate reached 11 EH/s in June, climbing to 12 EH/s by mid-July, with plans to hit 25 EH/s by November. Concurrently, Hive acquired a 7.2 MW Toronto data center to support 5,000 next-gen GPUs for HPC operations. Insights on Hive’s growing infrastructure.
Updates reflect key operational and strategic developments across the mining sector, with companies optimizing infrastructure amid Bitcoin’s price volatility following its recent all-time high.
