7*24

Hot topic

Market

Activities

On May 12, CleanSpark announced its Q1 revenue of $136.4 million, a 24.9% decrease from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the previous year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. 

As of March 31, 2026, the balance sheet shows the company held $260.3 million in cash and Bitcoin holdings valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets amounted to $1 billion, with total assets reaching $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion.

[CleanSpark Reports Q1 Net Loss of $378.3 Million, Bitcoin Holdings Valued at $925.2 Million]On May 12, CleanSpark announced its Q1 revenue of $136.4 million, a 24.9% decrease from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the previous year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. 

As of March 31, 2026, the balance sheet shows the company held $260.3 million in cash and Bitcoin holdings valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets amounted to $1 billion, with total assets reaching $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion.

CleanSpark Reports Q1 Net Loss of $378.3 Million, Bitcoin Holdings Valued at $925.2 Million

On May 12, according to official news, following an update on the Arbitrum DAO proposal, on May 1, a plaintiff in an unrelated case delivered an injunction to Arbitrum DAO concerning the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion for its dismissal. On May 8, the court modified the injunction, allowing for on-chain Arbitrum voting and permitting the transfer of the frozen ETH to Aave LLC. After the transfer, the injunction will be attached to Aave LLC. The revised constitutional AIP retains the asset recovery intent already approved by Arbitrum DAO, and the ETH will still be used for the recovery related to the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.

[Arbitrum DAO Proposal Update: Court Modifies Injunction, Allows Transfer of Frozen ETH to Aave LLC]On May 12, according to official news, following an update on the Arbitrum DAO proposal, on May 1, a plaintiff in an unrelated case delivered an injunction to Arbitrum DAO concerning the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion for its dismissal. On May 8, the court modified the injunction, allowing for on-chain Arbitrum voting and permitting the transfer of the frozen ETH to Aave LLC. After the transfer, the injunction will be attached to Aave LLC. The revised constitutional AIP retains the asset recovery intent already approved by Arbitrum DAO, and the ETH will still be used for the recovery related to the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.

Arbitrum DAO Proposal Update: Court Modifies Injunction, Allows Transfer of Frozen ETH to Aave LLC

On May 12, the Nikkei 225 index opened up 0.20% at 62,544.03 points; the South Korean KOSPI index rose 1.68% to 7,953.41 points. (Dongxin News Agency)

[Japanese and South Korean Stock Markets Open Higher]On May 12, the Nikkei 225 index opened up 0.20% at 62,544.03 points; the South Korean KOSPI index rose 1.68% to 7,953.41 points. (Dongxin News Agency)

Japanese and South Korean Stock Markets Open Higher

On May 12, CleanSpark announced that it achieved revenue of $136.4 million in Q1, a decrease of 24.9% from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the same period last year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. The balance sheet shows that as of March 31, 2026, the company held $260.3 million in cash and its Bitcoin holdings were valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets were $1 billion, and total assets reached $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion. CleanSpark President and CFO Gary Vecchiarelli noted that the strong liquidity position not only supports short-term execution plans but also preserves considerable options for future opportunities in AI/HPC and digital infrastructure, which is a direct result of the company's long-term financial discipline.

[CleanSpark Reports Q1 Net Loss of $378.3 Million, Holds $925.2 Million in Bitcoin, Accelerates AI/HPC Digital Infrastructure Transformation]On May 12, CleanSpark announced that it achieved revenue of $136.4 million in Q1, a decrease of 24.9% from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the same period last year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. The balance sheet shows that as of March 31, 2026, the company held $260.3 million in cash and its Bitcoin holdings were valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets were $1 billion, and total assets reached $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion. CleanSpark President and CFO Gary Vecchiarelli noted that the strong liquidity position not only supports short-term execution plans but also preserves considerable options for future opportunities in AI/HPC and digital infrastructure, which is a direct result of the company's long-term financial discipline.

CleanSpark Reports Q1 Net Loss of $378.3 Million, Holds $925.2 Million in Bitcoin, Accelerates AI/HPC Digital Infrastructure Transformation

On May 12, according to official news, Stream Trading Protocol (Stream Soft Holding Company) is exploring various options to maximize its asset value for the benefit of clients and creditors. The goal is to integrate, liquidate, and distribute assets as quickly and prudently as possible under the current circumstances. To this end, the company is considering several different strategic options, all of which require some form of participation from clients and creditors. More details are expected to be announced in the coming weeks, so please stay tuned to their Discord, X, and official website. In the meantime, inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP. BlockBeats previously reported that Stream Finance disclosed in November 2025 a loss of approximately $93 million in assets due to an external fund manager, resulting in a freeze on user withdrawals.

[Stream Trading Protocol to Liquidate and Maximize Asset Value, Seeking Participation from Clients and Creditors]On May 12, according to official news, Stream Trading Protocol (Stream Soft Holding Company) is exploring various options to maximize its asset value for the benefit of clients and creditors. The goal is to integrate, liquidate, and distribute assets as quickly and prudently as possible under the current circumstances. To this end, the company is considering several different strategic options, all of which require some form of participation from clients and creditors. More details are expected to be announced in the coming weeks, so please stay tuned to their Discord, X, and official website. In the meantime, inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP. BlockBeats previously reported that Stream Finance disclosed in November 2025 a loss of approximately $93 million in assets due to an external fund manager, resulting in a freeze on user withdrawals.

Stream Trading Protocol to Liquidate and Maximize Asset Value, Seeking Participation from Clients and Creditors

On May 12, MARA announced its Q1 2026 financial and operational data, reporting a net loss of $1.3 billion (diluted loss per share of $3.31), compared to a net loss of $533.4 million in the same period last year. The loss was primarily due to a $1 billion loss from changes in the fair value of digital assets. During the quarter, the company produced 2,247 BTC at an average cost of $76,288 and sold 20,880 BTC at an average price of $70,137. Additionally, MARA stated that it will continue to advance its evolution into a leading digital infrastructure company, aiming to convert energy into high-value computing capabilities in AI, HPC, critical IT loads, and Bitcoin mining.

[MARA Reports Q1 Net Loss of $1.3 Billion, Sells 20,880 BTC at Average Price of $70,137]On May 12, MARA announced its Q1 2026 financial and operational data, reporting a net loss of $1.3 billion (diluted loss per share of $3.31), compared to a net loss of $533.4 million in the same period last year. The loss was primarily due to a $1 billion loss from changes in the fair value of digital assets. During the quarter, the company produced 2,247 BTC at an average cost of $76,288 and sold 20,880 BTC at an average price of $70,137. Additionally, MARA stated that it will continue to advance its evolution into a leading digital infrastructure company, aiming to convert energy into high-value computing capabilities in AI, HPC, critical IT loads, and Bitcoin mining.

MARA Reports Q1 Net Loss of $1.3 Billion, Sells 20,880 BTC at Average Price of $70,137

On May 12, Roaring Kitty, the key figure in the GameStop 'Retail vs Wall Street' saga and the king of meme stocks, reportedly had his official X account hacked early this morning. The hacker posted a contract for the meme coin Red Kitten Crew (RKC), causing the token's market cap to briefly reach $12 million before plummeting to $1.8 million. Following this incident, Roaring Kitty appears to have regained control of his account and deleted the tweets containing the contract address. Although he has not publicly clarified the situation, the community widely believes that the posting of the meme coin's contract address was indeed due to the account being compromised for a short period.

[Roaring Kitty's X Account Hacked, Meme Coin RKC Soars to $12 Million Market Cap Before Crash]On May 12, Roaring Kitty, the key figure in the GameStop 'Retail vs Wall Street' saga and the king of meme stocks, reportedly had his official X account hacked early this morning. The hacker posted a contract for the meme coin Red Kitten Crew (RKC), causing the token's market cap to briefly reach $12 million before plummeting to $1.8 million. Following this incident, Roaring Kitty appears to have regained control of his account and deleted the tweets containing the contract address. Although he has not publicly clarified the situation, the community widely believes that the posting of the meme coin's contract address was indeed due to the account being compromised for a short period.

Roaring Kitty's X Account Hacked, Meme Coin RKC Soars to $12 Million Market Cap Before Crash

On May 12, according to official news, 21Shares US announced that its Hyperliquid ETF (THYP) will be launched on May 12, 2026, at Eastern Time. According to the prospectus, THYP is a passive spot HYPE ETF aimed at tracking the performance of the FTSE Hyperliquid Index, and it plans to pledge a portion of its HYPE holdings under controlled compliance and tax risks.

[21Shares Hyperliquid ETF (THYP) to Launch on May 12]On May 12, according to official news, 21Shares US announced that its Hyperliquid ETF (THYP) will be launched on May 12, 2026, at Eastern Time. According to the prospectus, THYP is a passive spot HYPE ETF aimed at tracking the performance of the FTSE Hyperliquid Index, and it plans to pledge a portion of its HYPE holdings under controlled compliance and tax risks.

21Shares Hyperliquid ETF (THYP) to Launch on May 12

On May 12, the Wall Street Journal reported, citing informed sources, that the United Arab Emirates has conducted military strikes against Iran. These actions indicate that the country is now more willing to use force to protect its economic power and its growing influence in the Middle East. According to insiders, the UAE has not publicly acknowledged these strikes, which included an attack on a refinery facility located on Iran's Lavan Island in the Persian Gulf. This attack occurred in early April, coinciding with President Trump's announcement of a ceasefire following five weeks of airstrikes. The attack sparked a large fire and resulted in the shutdown of most of the refinery's production capacity for months. Since then, the UAE has become the most openly confrontational country in the Gulf region and has maintained strong military cooperation with the United States throughout the war. In contrast, Iran has concentrated most of its firepower on the UAE, launching over 2,800 missiles and drones at it, a number significantly higher than that aimed at any other country, including Israel.

[WSJ: UAE Launched Military Strikes Against Iran in Early April, Becoming Most Targeted by Iranian Firepower]On May 12, the Wall Street Journal reported, citing informed sources, that the United Arab Emirates has conducted military strikes against Iran. These actions indicate that the country is now more willing to use force to protect its economic power and its growing influence in the Middle East. According to insiders, the UAE has not publicly acknowledged these strikes, which included an attack on a refinery facility located on Iran's Lavan Island in the Persian Gulf. This attack occurred in early April, coinciding with President Trump's announcement of a ceasefire following five weeks of airstrikes. The attack sparked a large fire and resulted in the shutdown of most of the refinery's production capacity for months. Since then, the UAE has become the most openly confrontational country in the Gulf region and has maintained strong military cooperation with the United States throughout the war. In contrast, Iran has concentrated most of its firepower on the UAE, launching over 2,800 missiles and drones at it, a number significantly higher than that aimed at any other country, including Israel.

WSJ: UAE Launched Military Strikes Against Iran in Early April, Becoming Most Targeted by Iranian Firepower

According to Coindesk,The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector.The rule scheduled for proposal by the SEC on Wednesday would expand the agency’s existing regulations that say an investment adviser needs to keep customers’ money and securities with a “qualified custodian.” The new version, if approved, would grow that safeguarding requirement to any assets that investment advisers are entrusted with – including crypto.Right now, crypto trading and lending platforms routinely offer custody for crypto customers, but they're not “qualified custodians” under this rule. An appropriate custodian under SEC’s regulations would generally mean a chartered bank or trust company, a broker-dealer registered with the SEC or a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC).

Detail

【SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms】According to Coindesk,The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector.The rule scheduled for proposal by the SEC on Wednesday would expand the agency’s existing regulations that say an investment adviser needs to keep customers’ money and securities with a “qualified custodian.” The new version, if approved, would grow that safeguarding requirement to any assets that investment advisers are entrusted with – including crypto.Right now, crypto trading and lending platforms routinely offer custody for crypto customers, but they're not “qualified custodians” under this rule. An appropriate custodian under SEC’s regulations would generally mean a chartered bank or trust company, a broker-dealer registered with the SEC or a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC).

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

Top Ethereum Holder Makes Bold Move Says ETH Is Close to Generational Run, Here’s When

Coinbase裁员14%，熊市和AI哪个才是主因？

David Schwartz Says Ripple Stock Is His Real Bet, Not XRP

租来的轨道：这一波稳定币 FX 热钱，到底在为什么买单？

MegaETH 如何让 TVL 在 TGE 一周内达到 700m？拆解包装手法

Bulls Approach the Ceiling

The Bitcoin Vector #54

Roobet Launches Prediction Markets on May 6, The First Major Crypto Casino to Integrate the Format

Pre-ETF Era Bitcoin Whales Surface To Cash In On $80,000 Rally

Article

Whale Goes Long on Micron Technology, Floating Profit Reaches $4.5 Million

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles