# Пов'язані статті щодо EBITDA

Центр новин HTX надає останні статті та поглиблений аналіз на тему "EBITDA", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

Zcash's 10x Growth in a Year Fails to Save Mining Company Fortitude from Losses

Despite a 1000% annual increase in the price of Zcash (ZEC), mining company Fortitude Mining Holdings, owned by Barry Silbert's Digital Currency Group, is facing significant losses and debt issues. According to an SEC filing, Fortitude took on a $26 million loan in June 2026, with over $8.3 million borrowed before issuing an investment prospectus that claimed no outstanding debt. The company positions itself as a leader in Zcash mining, but only 28% of its $89 million 2025 mining revenue came from ZEC, with 65% derived from Bitcoin. Fortitude reported net losses of $14.3 million in 2024, $12.6 million in 2025, and $4.6 million in Q1 2026. It presented a positive adjusted EBITDA of $20 million by adding substantial depreciation costs, which in mining represent real equipment wear-and-tear expenses. Furthermore, its merger partner, AI software developer HeartSciences Inc., reported only $4,000 in revenue over a recent 12-month period and has seen its stock decline by 34% from June highs after an initial spike. Upon merger completion, the combined entity will trade under the ticker "TUDE," with DCG retaining a majority stake.

cryptonews.ru07/28 18:41

Zcash's 10x Growth in a Year Fails to Save Mining Company Fortitude from Losses

cryptonews.ru07/28 18:41

$30 Billion in Funding Just the Starting Point? Anthropic's Valuation Could Exceed $2 Trillion by 2030

According to an internal investor presentation from Coatue Management, Anthropic is projected to reach a valuation of $1.995 trillion by 2030, potentially rising to $2.413 trillion in 2031. The forecast anticipates $18 billion in revenue by 2026, though with an EBITDA loss of $14 billion, and an annual recurring revenue (ARR) of $30 billion. By 2031, revenue is expected to surge to $200 billion, with $48 billion in EBITDA profit and $224 billion in ARR. In February, Anthropic completed a $30 billion Series G round led by Coatue and GIC, reaching a post-money valuation of $380 billion. However, the company's growth has already exceeded expectations, with ARR nearing $20 billion by March—more than double the $9 billion recorded at the end of 2025. CEO Dario Amodei highlighted the strong performance of Claude Code and enterprise clients, which make up 80% of its customer base. As a key competitor to OpenAI, Anthropic is recognized for its focus on safe and reliable AI, with its Claude models gaining significant traction in coding and enterprise applications. The company has achieved rapid revenue growth, surpassing $10 billion in under three years, fueled by strong demand in generative AI and enterprise digital transformation.

marsbit03/31 03:41

$30 Billion in Funding Just the Starting Point? Anthropic's Valuation Could Exceed $2 Trillion by 2030

marsbit03/31 03:41

Cango Releases 2025 Financial Report: Advancing Towards AI Infrastructure

Cango Inc. (NYSE: CANG) released its unaudited financial results for Q4 and full year 2025, highlighting its transition into a Bitcoin mining company and its strategic pivot toward AI infrastructure. In 2025, the company reported total revenue of $688.1 million, with Bitcoin mining contributing $675.5 million. A total of 6,594.6 Bitcoin were mined throughout the year. However, the company reported a net loss from continuing operations of $452.8 million, influenced by one-time transition costs and fair value adjustments on Bitcoin-collateralized receivables. Adjusted EBITDA for the year was $24.5 million. In Q4, revenue was $179.5 million, with a net loss of $285 million and negative EBITDA of $156.3 million. The company ended the year with $41.2 million in cash and equivalents, $663 million in non-current Bitcoin receivables, and $557.6 million in related-party long-term debt. To reduce leverage, the company sold 4,451 Bitcoin in February 2026. CEO Paul Yu emphasized 2025 as a foundational year, noting the completion of structural adjustments and the establishment of a global mining network. The company is now advancing its transformation into an AI infrastructure provider through its EcoHash platform, aiming to offer flexible and cost-efficient AI inference services. CFO Michael Zhang highlighted efforts to optimize the balance sheet and secure new capital to support growth in high-potential areas like AI.

marsbit03/17 06:38

Cango Releases 2025 Financial Report: Advancing Towards AI Infrastructure

marsbit03/17 06:38

DDC Enterprise Limited Announces Unaudited Preliminary Financial Results for 2025: Revenue Reaches Record High, Bitcoin Holdings Increase to 2,183 BTC

DDC Enterprise Limited (NYSE American: DDC) announced unaudited preliminary financial results for the full year ended December 31, 2025. The company expects record revenue between $39 million and $41 million, driven by strong performance in its core consumer food business and improved operational efficiency. Organic growth, excluding the strategic contraction of U.S. operations, increased 11% to 17% year-over-year. Gross profit margin is projected between 28% and 30%. Adjusted EBITDA turned positive, a major improvement from a $3.5 million loss in 2024. Core Consumer Food Business Adjusted EBITDA, which excludes costs and non-cash mark-to-market impacts related to Bitcoin, is estimated between $5.5 million and $6 million. The company also expanded its Bitcoin treasury strategy, increasing its holdings to 2,183 BTC as of the latest update. CEO Norma Chu highlighted the dual strategy of a disciplined food platform combined with strategic Bitcoin reserves to create long-term shareholder value.

marsbit03/04 13:39

DDC Enterprise Limited Announces Unaudited Preliminary Financial Results for 2025: Revenue Reaches Record High, Bitcoin Holdings Increase to 2,183 BTC

marsbit03/04 13:39

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

**Title: Is CRCL Expensive Now? A DCF Valuation Analysis of Circle's Stock** **Summary:** This analysis uses a discounted cash flow (DCF) model to estimate the fair value of Circle (CRCL) stock, focusing on its USDC stablecoin business. Key assumptions include: USDC circulation of $70 billion by end-2025, growing at an average annual rate of 15% from 2026 to 2035; a 2.5% average benchmark interest rate; 38% gross margin; fixed operating costs of $500 million in 2025, increasing 10% annually; 24% effective tax rate; 10% discount rate; and a terminal PE multiple of 20. The fully diluted share count is 275 million. The model calculates EBITDA as interest income (USDC circulation × interest rate × margin) minus fixed costs. Free cash flow (FCF) is derived after taxes. The present value of explicit FCF (2026–2035) is $2.282 billion, and the terminal value (2035 FCF × 20) discounted to 2026 is $7.138 billion. The total enterprise value (EV) is $9.42 billion, implying a fair stock price of $34.25 per share as of January 2026. Sensitivity analysis shows that if USDC growth averages 20% annually, the fair value rises to ~$62 per share, suggesting potential margin of safety at current prices (around $62 in early February 2026). However, short-term volatility, forced sellers, and leverage risks are highlighted. The model is conservative, excluding other revenue streams (e.g., Circle’s emerging products like Arc chain) and emphasizing USDC’s growth and competitive sustainability as key variables. Historical USDC growth (2020–2025 CAGR ~76%) is noted but not assumed to continue. The conclusion underscores the need for evidence-based conviction to withstand market noise. *Note: This is a thought experiment, not investment advice.*

marsbit02/03 06:06

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

marsbit02/03 06:06

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