Happy Friday 🐰 I'm starting a mini video essay series under @BTCSZN2. Let's break down "Labitbu Mania" 👇

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Rosenblatt reiterates Buy on Galaxy Digital with a $35 price target Rosenblatt Securities maintained its Buy rating on Galaxy Digital Holdings (GLXY), setting a $35.00 price target based on a 21x multiple of the firm’s 2027 adjusted EBITDA estimate. This represents 20% upside from the current price of $29.15 at time of publication. @galaxyhq $GLXY

JonesResearch upgrades Riot to Buy, sees 55% upside on HPC execution JonesResearch cited strengthened confidence in Riot’s ability to secure a HPC lease at its Corsicana site, where an additional 600 MW of power capacity benefits from pre-SB6 grandfathered status under evolving Texas regulations. While some HPC premium—reflecting market expectations of an initial ~150 MW deal—is already priced in, JonesResearch argues that even a smaller 100 MW agreement would act as a catalyst for the broader 600 MW opportunity. @RiotPlatforms $RIOT

Cipher reports $44 million Q2 revenue, Black Pearl Phase I goes live Cipher commenced mining at Black Pearl Phase I in Q2, energizing the first 150 MW of the 300 MW site and delivering approximately 16.8 EH/s of self-mining capacity as of June 30. The site is on track to be equipped with mining rigs by the end of Q3 2025. $CIFR @CipherInc

Yes, it took a crypto futures exchange 6 years to get registered with the @CFTC. That’s why I launched a crypto sprint. America can’t afford to waste another 6 months let alone 6 years 👀

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

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