
A major Bitcoin miner burned through 357 BTC on secret compute deals while its output plummeted
Production and managed hashrate fell in July, while the price and economics of the prepaid capacity remain undisclosed.
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The miner sold 2,213 BTC and later pledged 18,750 BTC, while the differently dated collateral pools cannot be reconciled.

Bitcoin valuation changes represented 87% of the profit-to-loss swing, while Sandersville still needs substantial capital.

Mining supplied roughly 95% of Q2 reserve growth, while first-half operations and Bitcoin purchases used $129.1 million in cash.

The company is targeting up to $350 million in sales, but lending, digital assets and portfolio companies are expected to carry the forecast.

The 16-year agreement could transform its business, provided a $500 million build stays on schedule.

Former Mirantis investors and employees can now sell nearly 12 million shares received in the acquisition.



