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From Proof of Work to Useful Work: Bitcoin’s Energy Footprint Gets Rewired

With the profitability of Bitcoin mining tightening after each halving event, miners are actively exploring new revenue streams to ensure they stay viable. A key strategy emerging from this challenge is a pivot toward high-performance computing (HPC) and artificial intelligence (AI) hosting.

Compared to the volatility of Bitcoin mining, HPC and AI hosting can offer more stable and often higher profit margins.

While still uneven and experimental, this evolution suggests a broader shift in how mining infrastructure may intersect with the future of energy, as well as digital services.

Building beyond hashrate: An infrastructure-driven approach

A report released in June by TheMinerMag, a Bitcoin-mining research firm, shows that the median direct cost of mining is expected to exceed US$70,000 per Bitcoin in the second quarter of this year.

As mentioned, the increasing use of HPC is one way miners are looking to preserve profitability.

HIVE Digital Technologies (TSXV:HIVE,NASDAQ:HIVE), the first public crypto-mining company, is one of the clearest examples of this shift. The company has a history of strategically acquiring efficient hardware, including a 2022 deal with Intel (NASDAQ:INTC) for custom Buzzminer application-specific integrated circuits (ASICs). This expertise now underpins its subsidiary, BUZZ HPC, which provides GPU cloud services and infrastructure for HPC and AI.

Speaking onstage at the Consensus event in Toronto last month, BUZZ HPC President and COO Craig Tavares explained how by taking the core assets used for Bitcoin mining — land and power — the company was able to realize a higher return on investment (ROI) by providing GPU cloud services for HPC workloads.

“The one thing in the market that we’ve seen right now is a desire to consume more power for traditional data centers, and it’s something that we’re trying to solve, currently and then three to five years out — how to access distribution and generation to hit those ROIs efficiently,” he told the audience.

Hosting AI workloads offers higher revenue per kilowatt-hour than Bitcoin mining. Tasks like model training command premium pricing, making them more valuable per unit of energy consumed. Bitcoin mining, on the other hand, generates revenue based on the Bitcoin price and ever-increasing competition.

Bitcoin miners also have an advantage over hyperscalers in the AI infrastructure space. Miners have developed highly efficient and often modular data center designs focused on getting power to compute. Their business model relies on scaling up and down quickly to chase profitability in a volatile market. Dedicated AI data centers are still being built, and much of the existing physical infrastructure isn’t optimized for the demands of modern AI.

He went on to explain how the company’s strategy is framed around long-term adaptability beyond hashrate, built on optionality and infrastructure flexibility. While ASICs, which are used for Bitcoin mining, are not compatible with AI workloads, HIVE’s history of mining Ethereum tokens allowed the company to seamlessly shift its focus, since it already possessed the advanced GPU infrastructure necessary for the expansion. Miners that need to invest in new GPUs are faced with significant capital expenditures and a potentially long wait.

“We’ve been able to build where we have high-profitable business,” Holmes said, adding that this success was largely achieved by bringing in Tavares, who has an extensive background in data centers and telecommunications from his time working with Apple’s (NASDAQ:AAPL) Canadian operations. “We (realized that we) needed someone (who) had that unique skill set that was far beyond what our team was doing, so we could really scale.”

However, as Tavares pointed out, Bitcoin miners face additional challenges when pivoting to HPC, including site suitability, demanding power density and the redundancy required of high-quality telecom infrastructure.

The power demands of blockchain and AI have also drawn scrutiny. Tavares and Holmes emphasized their respective companies’ commitments to using 100 percent renewable energy to power their data centers.

“We can deliver green GPUs to the market, and what we’re doing is we’re bridging the gap between AI and sustainability,” Tavares commented. HIVE’s move to Paraguay, which boasts abundant hydroelectric power, has positioned the company to significantly reduce its Bitcoin production cost to under US$50,000 per Bitcoin as it scales to 25 exahashes per second by the end of the year.

Diversifying energy solutions: Exploring off-grid mining opportunities

The appeal of underutilized energy sources is growing fast, and the broader trend of the tech industry exploring diverse energy solutions was the topic of another industry panel at Consensus.

It featured executives from Pow.re, Giga Energy and Soluna (NASDAQ:SLNH).

Key points included cheaper power but higher operational risks, with renewable energy sources like wind and solar offering significant efficiency, but facing availability issues. The conversation turned to the integration of Bitcoin mining with oil and gas operations, exemplified by Crusoe’s agreement to sell its digital flare mitigation business to financial services firm Nydig, a subsidiary of financial services firm Stone Ridge Holdings.

“The really interesting thing about the Stone Ridge story, in my eyes, is that it’s an example of Bitcoin mining being a tool to enhance or unlock more value from the core asset,” said Mario Gutierrez, head of business development at Giga Energy, a company providing infrastructure to companies to use flare gas for Bitcoin mining. He argued that while combined energy and mining operations will grow, the primary driver for Bitcoin-mining growth will shift from maximizing Bitcoin output at a low cost to the value Bitcoin miners create by providing flexibility to the energy grid.

Dipul Patel, Soluna’s CTO, described Bitcoin mining as an ideal consumer of surplus renewable energy.

He highlighted wind farms, which often produce up to twice as much energy as they can distribute, as a prime example. Bitcoin can serve as a ‘beautiful shock absorber,’ providing a consistent demand for excess power.

“(That’s) assuming it works,” he pragmatically added, referencing the complexity of multiparty deals and the sophisticated engineering required to ensure minimal power interruptions.

Soluna co-locates its data centers with renewable power plants to use excess energy for HPC and Bitcoin mining. Its Dorothy 2 project will leverage excess wind energy from farms in Texas for Bitcoin mining and AI applications.

Pow.re’s Ian Descoteaux predicts that miners will mitigate some of these risks by producing their own electricity, which in turn will increase mining profits. In the meantime, Gutierrez said that presenting Bitcoin mining as a solution for energy producers is crucial for building trust and gaining buy in; he added that this approach is most effective when it involves a deep understanding of core operational and financial challenges, such as emissions costs.

Gutierrez further suggested that offering energy producers a direct share of Bitcoin-mining revenue or hashrate can create strong alignment, incentivizing them to lend local resources and expertise to minimize downtime, especially for remote operations.

Investor takeaway

Bitcoin miners find themselves positioned at the intersection of the energy and digital services sectors.

Ultimately, this move signals the evolution of a dynamic and adaptive industry that’s poised to play a vital role in the future of technology and sustainability.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
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Streaming overtakes cable and broadcast as the most-watched form of TV

A new king reigns in TV land.

Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

This post appeared first on NBC NEWS
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DAVID MARCUS: Trump’s base trusts him to play strong hand in Iran

Of all the ways to try to influence President Donald Trump, the absolute worst is to threaten him. And yet, there is a segment of MAGA world podcasters and influencers insisting that if the commander-in-chief takes direct action against Iran, it will divide and crush Trump’s base.

Don’t count on it.

The argument from podcast land is that Trump ran on a promise of no new wars and that any direct American action against Iran would betray that promise and plunge America into another forever war in the Middle East.

Let’s slow down a bit. In his first term, Trump killed Quasim Soliemani, the top Iranian general, to howls from the left, and some of these same right-wing podcasters, that it would start World War III. It didn’t. They were wrong, Trump was right.

Here we are again, the president faced with a choice. He can use U.S. bunker bombs to deal the lethal blow to Iran’s nuclear program, or he can take the Joe Biden route, and sheepishly back off his demand for unconditional surrender, and let Iran continue its march to nukes.

Depending on the polling, about 80% of Republicans think that a nuclear Iran poses a critical threat to the United States. And while voters are more split on direct U.S. action, Trump is laser-focused on stopping Tehran’s bomb.

Trump excels at solving problems everyone else says are impossible. Just look at the southern border, sealed tight as a Ziploc bag, even though everyone swore only Congress could do that.

Likewise, in Iran, Trump doesn’t want to hear a rehashing of the 8 million reasons why nobody can stop their nuclear program. He wants to hear how to stop it, and if those urging restraint can’t tell him how, he’s going to listen to those who can.

This goes back to the farcical threat that Trump is going to lose his base if he bombs Iran, that the guy in an Ohio diner is going to side with the podcasters over the president he voted for. How did that work out for Elon Musk?

The analogy is an apt one, because Musk’s threats and criticisms over the Big Beautiful Bill potentially raising the debt had real resonance among GOP voters, and yet, they chose Trump over a chastened richest man in the world. They support Trump’s overarching economic goals more than they dislike the debt.

Same thing in Iran. Is there skepticism about using direct American military might? Of course. This ain’t a pickup game of shirts and skins. But do they trust Trump overall to stop Iran from getting nukes? Absolutely.

Talk of regime change and threats to kill Iran’s supreme leader understandably make Americans jittery 25 years after the launch of the disastrous war in Iraq, but Trump isn’t talking about invading with boots on the ground, and his base knows this.

What the podcasters don’t seem to understand is that the only way to influence Trump is to influence his voters. He doesn’t care how many followers an influencer has on social media, half of which could be bots from foreign information operations, anyway.

Actually, one has to wonder if our geo-political foes, whose bot farms seek to manipulate social media platforms in America and sow discord, are disappointed by their return on investment.

On X, it seems like to bomb or not to bomb is a divide ripping our country apart. In real life, it simply isn’t.

The final thing that Trump understands and that his base trusts, is that the United States was losing the international status quo under his predecessors, on global trade, on the border, on China policy, and yes, in the Middle East. In all of these cases, he is determined to reverse that trend.

There is nothing wrong or unpatriotic about arguing that direct U.S. action against Iran would be a mistake, and Trump no doubt welcomes lively debate. But as Vice President JD Vance, no chickenhawk, pointed out Tuesday, this is Trump’s decision to make.

Trump promised that Iran would never obtain a nuke, and he has a habit of keeping his campaign promises, even when taking slings and arrows from noisy voices on his own side.

There isn’t a podcast in the world that can keep Trump from fulfilling this promise as he sees fit, and his base, the real power behind the administration, expects nothing less.

This post appeared first on FOX NEWS
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Trump weighs striking Iranian nuclear facilities: ‘I may do it, I may not do it’

President Donald Trump said it’s up in the air whether he will sign off on military strikes targeting Iran’s nuclear facilities — comments that come as his administration weighs U.S. involvement in the growing conflict between Israel and Iran. 

Trump told reporters outside the White House Wednesday that he hasn’t ruled out whether the U.S. will strike Iranian nuclear facilities, but said that the coming days or the ‘next week is going to be very big.’ 

Additionally, Trump said that Iran’s capital, Tehran, is facing a lot of problems as it seeks to come to the negotiating table after abandoning talks scheduled for Sunday. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble and they want to negotiate,’ Trump told reporters Wednesday. ‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this.’

Trump previously has said he believes that Iran was very close to obtaining a nuclear weapon, and has pushed Iran to sign a nuclear agreement. Although talks were scheduled for the U.S. and Iran in Oman Sunday, Iran withdrew Friday from the discussions. 

Trump doubled down on his previous statements Wednesday asserting that Iran could not obtain a nuclear weapon. 

‘This is just not a threat you can have. And we’ve been threatened by Iran for many years,’ Trump said. ‘You know, if you go back and look at my history, if you go back 15 years, I was saying we cannot let Iran get a nuclear weapon. I’ve been saying it for a long time.’

As a result, Trump told reporters he’s offered Iran the ‘ultimate ultimatum.’ 

‘Maybe you could call it the ultimate — the ultimate ultimatum, right?’ he said. 

Tensions between Israel and Iran escalated Thursday after Israel launched massive airstrikes against Iran’s nuclear sites that Israel claims have killed several high-ranking military leaders. In response, Iran also has launched strikes against Israel as the two ramp up military campaigns against one another. 

While Secretary of State Marco Rubio initially said that the U.S. was not involved in the strikes against Iran, Trump later told Reuters that he was aware of the attacks ahead of time. 

Meanwhile, Iran has said that the U.S. entering the conflict would mean an ‘all-out war.’ 

‘Any American intervention would be a recipe for an all-out war in the region,’ Iranian Foreign Ministry spokesman Esmail Baghaei said Wednesday during an interview with Al Jazeera English.

Trump has long cautioned that Iran could face military consequences if it fails to negotiate a nuclear deal, and signed an executive order in February instructing the Treasury Department to execute ‘maximum economic pressure’ upon Iran through a series of sanctions aimed at sinking Iran’s oil exports. 

This post appeared first on FOX NEWS
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A US strike on Iran could open a ‘Pandora’s box’ in the Middle East, experts warn

The United States appears to be moving closer to joining Israel’s conflict with Iran with a possible strike on the country’s key nuclear facilities – including the Fordow Fuel Enrichment Plant, which is hidden deep inside a mountain.

Days into Israel’s attacks on Iran and its nuclear program, Israeli leaders are waiting to learn whether US President Donald Trump will help them finish the job.

“I may do it, I may not do it. I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble and they want to negotiate. And I said, why didn’t you negotiate with me before all this death and destruction,” Trump told reporters at the White House on Wednesday.

Iran experts warn that a US attack on Iran could draw it into a quagmire even more challenging than the wars in Iraq and Afghanistan – a drawn-out confrontation that could last the duration of Trump’s presidency and exact a heavy toll on American lives and resources at Israel’s behest.

Tehran may not be able to sustain a long fight with the US, but it won’t be an easy war for Washington either, he said.

“Iran is a very large country, which means there would be a very large number of targets the United States would have to hit to take out Iran’s ability to strike back,” Parsi said, noting that this would be happening when there isn’t widespread support for a war with Iran in Trump’s own camp.

“Once you open up this Pandora’s box, we have no idea where things go,” Geranmayeh said. “Trump has, in the past, stepped back from the brink of war with Iran, he has the ability to do so again.”

Iran is ‘not one to surrender’

The Islamic Republic already sees the US as complicit in Israel’s attacks on Iran, saying the Israelis are attacking it with American weapons; and some Iranian officials have said that Tehran has already prepared itself for a “full-blown, drawn-out war.”

On Wednesday, Supreme Leader Ayatollah Ali Khamenei said Iran would not back down, a day after Trump called for “UNCONDITIONAL SURRENDER!” in a social media post.

“Let the Americans know that the Iranian nation is not one to surrender, and any military intervention on their part will undoubtedly result in irreparable damage,” Khamenei said in a national address.

Direct US involvement in the conflict could see Iran activate what remains of its proxies across Iraq, Yemen and Syria, which have previously launched attacks on American assets in the region.

Knowing that it can’t outright win a conflict against Israel and the US, experts say Tehran could seek to engage in a war of attrition, where it tries to exhaust its adversary’s will or capacity to fight in a drawn-out and damaging conflict, as it did during the decade-long war it fought with Saddam Hussein’s Iraq in the 1980s.

“The Iranian strategy may end up being just to try to sustain themselves, strike back as much as they can, and hope that Trump eventually tries to cut the war short, as he did in Yemen,” Parsi said.

After months of strikes on Yemen’s Iran-backed Houthi rebels, the US in May struck a ceasefire deal with the group, to Israel’s dismay.

“Here is how Tehran sees a chance of winning such a war of attrition,” Abdolrasool Divsallar, senior researcher at the UN Institute for Disarmament Research, wrote on X. “Benefiting in the long term from its offensive capabilities and exhausting US-Israel combined defense forces.”

“US entrance into this war is a bad and costly decision for everyone,” Divsallar added.

Not the end of the nuclear program

In a Persian language post directed at Trump on X, former Iranian nuclear negotiator Hossein Mousavian, who now lives in New Jersey, called on the president to be a “president of peace,” warning that a strike on Fordow would be both fruitless – as Iran has probably moved some of the advanced centrifuges to other locations – and likely to push Iran to a seek a nuclear bomb.

“With one wrong decision, you may not only be responsible for Iran’s decision to build a nuclear bomb, but also lead the United States into a war whose consequences for the American people will be far more damaging than the US attacks on Afghanistan and Iraq,” Mousavian wrote.

Parsi said if Iran’s nuclear program is destroyed, it could just be a matter of time to build a bomb should the government choose to do so.

“The Iranians have the knowhow and capacity to rebuild everything,” Parsi said. “All it (an attack) does is that it sets it back while dramatically increasing Iran’s motivation to build a nuclear weapon.”

Fordow is seen as the most difficult and sought-after target for Israel in its desire to destroy Iran’s nuclear infrastructure. But what exactly is inside the secretive facility is unclear, Parsi said.

“The main enrichment was taking place in Natanz (nuclear facility). Fordow was doing other things, more research,” he said, adding that it’s not entirely clear where Iran keeps its stockpile of enriched uranium.

Whether a US strike can successfully destroy the complex that is hidden deep in a mountain close to the holy city of Qom also remains unclear.

Fordow’s main halls are an estimated 80 to 90 meters (around 262 to 295 feet) underground – safe from any aerial bomb known to be possessed by Israel.

Yechiel Leiter, Israel’s ambassador to the US, has said that only the US Air Force has the weapon that can destroy the site. But analysts caution that there’s no guarantee that even America’s “bunker buster” bomb – the GBU-57/B, known as the Massive Ordnance Penetrator – could do the job.

Potential radioactive fallout?

Israel’s relentless bombing of Iran and its nuclear facilities has raised regional concern about potential radioactive fallout, which could spread far beyond Iran’s borders should a nuclear plant be struck.

Iran has only one nuclear power plant, located in the southeastern city of Bushehr – and Israel has not targeted it.

Scott Roecker, the vice president for Nuclear Materials Security at the Nuclear Threat Initiative, said there wouldn’t be a major radiation dispersal risk at Fordow “because that enriched uranium is fresh, as we call it in the industry.”

“It’s not been run through a reactor, and so you wouldn’t have radiation spread out over a large area, like you would, for example, if they would bomb Bushehr, the operational nuclear power plant, that would result in the dispersal of a lot of radiation.”

“It’d be localized around the site, and because it’s buried underground too, I don’t know you know how much of that would even be released,” Roecker added.

Behnam Ben Taleblu, a senior director at the Iran program at the Foundation for Defense of Democracies (FDD), a Washington, DC-based pro-Israel think tank, described the potential damage as being a chemical problem – a different kind of fallout than bombing a nuclear reactor.

There would be some concern, he said, but noted the risk is not as large as hitting a live reactor.

This post appeared first on cnn.com
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Finlay Minerals: Advancing Strategic Copper-Gold-Silver Assets in British Columbia’s Toodoggone District

Finlay Minerals (TSXV:FYL,OTCQB:FYMNF) is a Vancouver-based explorer targeting copper, gold, and silver in British Columbia’s prolific Stikine Terrane. With a focus on porphyry and epithermal systems, the company leverages strong geological expertise, strategic partnerships, and disciplined capital use to drive discovery and development.

Finlay Minerals offers a compelling, de-risked exploration opportunity anchored by 2025 earn-in agreements with Freeport-McMoRan, one of the world’s largest copper producers. Freeport is actively funding the advancement of the PIL and ATTY projects in BC’s Toodoggone District, providing a non-dilutive path to unlock value from Finlay’s flagship assets.

Porphyry Corridor passing through Finlay Minerals

With rising copper and gold prices and operations in one of the world’s safest and most resource-rich jurisdictions, Finlay offers investors exposure to significant upside through smart partnerships and disciplined exploration.

Company Highlights

  • Strategic Alliance with Freeport-McMoRan: Freeport has committed up to $35 million in exploration spending and $4.1 million in cash payments for an 80 percent interest in Finlay’s PIL and ATTY projects, validating their district-scale potential.
  • Dominant Land Position in the Toodoggone District: PIL and ATTY provide direct exposure to one of BC’s most active copper-gold corridors, adjacent to Centerra’s Kemess complex and Amarc-Freeport’s AuRORA discovery.
  • Unlocking the Bear Lake Corridor: The SAY and JJB properties offer large-scale exploration potential in an underexplored region analogous to major discoveries like American Eagle’s NAK and Amarc’s DUKE.
  • Disciplined Exploration Focus: More than 70 percent of all capital raised has gone directly into the ground, demonstrating Finlay’s capital-efficient approach and scientific rigor.
  • Proven Leadership Legacy: Founded by renowned geochemist John J. Barakso and led by a technically adept team with deep experience in BC exploration.

This Finlay Minerals profile is part of a paid investor education campaign.*

Click here to connect with Finlay Minerals (TSXV:FYL) to receive an Investor Presentation

This post appeared first on investingnews.com
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In Iran’s ‘forever war’ against the US, regime has targeted and killed Americans worldwide

While the U.S. weighs its future involvement in the conflict between Iran and Israel, many leaders are looking with fresh eyes at Iran’s activities targeting Americans worldwide over four decades. 

Sen. Tom Cotton, R-Ark., posted on Tuesday, ‘The forever war is the war that Iran has waged against the U.S., Israel, and the civilized world since 1979.’ 

The examples of Iran’s involvement in attacks on Americans include direct and proxy attacks on U.S. forces, support for terror groups, and assassination efforts.

1979 US Embassy hostage crisis

In the early days of the Islamic revolution in 1979, radical Islamic students seized the U.S. embassy in Tehran. Ayatollah Ruhollah Khomeini, Iran’s first supreme religious leader, took hold of the situation, spurning international appeals to release the hostages. The last U.S. hostages were released 444 days later.

1983 Beirut bombings

In 2023, Sayyed Issa Tabatabai, Iranian Supreme Leader Ali Khamenei’s representative in Lebanon, admitted during an interview with the state-controlled Islamic Republic News Agency (IRNA) that the Islamic Republic was involved in two 1983 bombings that killed Americans in Lebanon. 

The bombing of the U.S. Embassy in Beirut resulted in the deaths of 63 victims, including 17 Americans. When two suicide truck bombs exploded at the barracks of multinational forces in Lebanon, 220 Marines, 18 U.S. Navy sailors and three U.S. Army soldiers were killed, and 58 French troops were murdered.

In the IRNA interview, Tabatabai said ‘I quickly went to Lebanon and provided what was needed in order to [carry out] martyrdom operations in the place where the Americans and Israelis were.’ He also stated that he received a fatwa from Ayatollah Ruhollah Khomeini ordering him to carry out the attacks, though the IRNA removed the assertion ‘shortly after publication,’ according to a report and translation of the interview from the Middle East Media Research Institute.

1996 Khobar Towers bombing

On June 25, 1996, 19 U.S. Air Force members were killed when a truck bomb exploded outside the Khobar Towers. Al Jazeera reported that in 2006, a U.S. court found the Iranian government responsible for the attack, committed by Saudi members of Hezbollah. The court ordered Iran to pay $254 million to victims of the attack. 

Terrorism support in Iraq and Afghanistan 

According to a 2019 Pentagon report cited by the Military Times, Iran bears responsibility for the deaths of 603 U.S. service members in Iraq between 2003 and 2011. This figure accounted for 17% of U.S. deaths in the country during the period. 

Some U.S. victims have been able to prove Iran’s connections to our enemies in court.

In 2022, surviving family members and victims won a case against the Islamic Republic of Iran, using the Foreign Sovereign Immunities Act to hold the regime accountable for its support of terror actors who killed or injured 30 U.S. personnel in Afghanistan.

Bill Roggio, senior fellow at the Foundation for Defense of Democracies and editor of the Long War Journal, testified in support of the victims. He told Fox News Digital that ‘Iran’s support for the Taliban and al Qaeda and the impact it had on the deaths and injuries to American soldiers and civilians is incalculable. Iran provided money, weapons, training, intelligence, and safe haven to Taliban subgroups across Afghanistan, including in the heart of the country in Kabul.’ In Roggio’s estimation, ‘Iran’s support for the Taliban was only rivaled by that of Pakistan. I would argue that Iran’s extensive support facilitated nearly every Taliban attack on U.S. personnel.’

In 2022, the U.S. District Court in Washington, D.C., found that Iran likewise owed damages to the families and victims of 40 U.S. service members who were injured or killed in Iraq due to Iran’s support of terrorism in the country.

Proxy involvement, attempts at retribution 

In attempted retribution for the murder of Islamic Revolutionary Guard Gen. Qassem Soleimani, Iran targeted two U.S. bases housing U.S. troops in Iraq with surface-to-surface missiles in 2020. 

In January 2024, three Americans were killed, and 25 others were wounded in a drone attack on an outpost in Jordan near the border with Syria. Two Iranians, one of whom had dual U.S. citizenship, were charged in connection with the attack.

At the time of the attack, House Foreign Affairs Committee Chair Rep. Michael McCaul (R-Tex) said that Iranian proxies had ‘launched over 150 attacks on U.S. troops’ following Hamas’ Oct. 7 attacks.

Roggio reported that on June 14, Iranian-backed militias ‘launched three drones’ at Ain al Assad, a U.S. base in western Iraq. The drones were shot down before reaching their target. 

Roggio said that the drone attack ‘appears to be an unsanctioned strike by an unnamed Iranian militia. Unlike past attacks, no group has claimed credit, and there have been no follow-on strikes.’ He believes Iran ‘wants to keep the U.S. out of the fight, as the U.S. military has the capability to hit the underground nuclear facility at Fordow.’ 

Between October 2023 and August 2024, Iranian-backed Islamic Resistance in Iraq militias launched 180 attacks against U.S. forces in Syria, Iraq and Jordan. Throughout their ‘decades of experience,’ Roggio says Iraqi militias ‘are estimated to have killed more than 600 U.S. service members.’

Kidnappings 

Robert Levinson, a retired FBI agent and private investigator, disappeared from an Iranian island in 2007. Levinson was held hostage and was declared dead in 2020, when he was said to have died in Iranian custody. His family blamed the Iranian regime for his capture and imprisonment.

Just last year, Iran executed Jamshid Sharmahd. Sharmahd survived an assassination attempt in California in which an Iranian agent was convicted of the planned murder. He was then kidnapped by the Iranian regime in Dubai in 2020 as part of a business trip.

The history of prisoner exchanges between Iran and the U.S. dates back to 1979. The most recent prisoner exchange of five Americans imprisoned in Iran for five Iranians detained in the U.S. occurred in September 2023. As part of the deal, the U.S. released $6 billion in frozen assets in South Korea. 

Assassinations

In November, the Department of Justice announced charges against an Iranian citizen and two New Yorkers for their role in a murder-for-hire plot targeting multiple American citizens, including President Donald Trump. 

Israeli Prime Minister Benjamin Netanyahu told Fox News’ Bret Baier on Monday that Trump remains an Islamic Republic target. ‘They want to kill him. He’s enemy number one.’

Fox News’ Benjamin Weinthal contributed to this report.

This post appeared first on FOX NEWS
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Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘ BRW ‘ or the ‘ Company ‘) is pleased to announce it has launched an aggressive regional-scale prospecting and mapping initiative on its sizeable Greenland portfolio that contains hundreds of untested targets using 4 crews and 2 helicopters for six weeks.

Initially, one team will focus on detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas while the other will focus on the expanded Nuuk and Paamiut licenses as well as the historical spodumene showing at Paamiut. Starting in July, one team will focus on follow-up prospecting at the Nuuk and Paamiut projects based on results from June while the other team will focus on the Disko Bay and Uummannaq projects. Results from the first six weeks will be used to plan advanced exploration programs in August and September 2025, including first pass prospecting across its recently acquired Hinksland project in East Greenland (See new Release of March 13 th , 2025).

Killian Charles, President & CEO, commented: ‘This is a very exciting step for Brunswick Exploration as we look to significantly increase our exploration initiative in Greenland alongside our Quebec projects. As a reminder, we have consolidated nearly all accessible lithium targets in Greenland following our first mover advantage. There is substantial exploration potential in Greenland and BRW is one of the few companies actively exploring in the country.

Over the last four years, we have built an internal lithium expertise for grassroot exploration that is unique across the sector and our peers. There are many more opportunities that exist as BRW is best positioned to uncover new discoveries across our portfolio and beyond.’

Qualified Persons

The scientific and technical information related to Greenland has been reviewed and approved by Mr. Charles Kodors, (Manager, Atlantic Canada). He is a Professional Geologist registered in the provinces of New Brunswick, Newfoundland and Quebec.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under the symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland, including the Mirage Project.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@BRWexplo.com )

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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Sun Summit Commences 2025 Exploration Program at the JD Project, Toodoggone District, British Columbia

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce the commencement of its $6 million 2025 project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia. Over 5,000 meters of drilling together with geophysical and geochemical surveys are designed to focus on target advancement, target generation and discovery.

Highlights and Next Steps:

  • Transformational Exploration Season Has Commenced: The 2025 program is more robust than the inaugural 2024 program, with double the budget and drill metres planned. Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling is anticipated to begin no later than mid-July.
  • Over 3,000 meters of drilling planned at the Creek Zone, designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization. Historical and recent highlight intercepts include:
  • 122.53 m of 2.11 g/t Au including 1.5 of 121.0 g/t Au (CZ-24-0047)
  • 57.95 m of 2.69 g/t Au including 19.50 m of 7.31 g/t Au (CZ-24-0058)
  • 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au (CZ97-0085)
  • Over 2,000 meters of drilling planned at the Finn Zone, designed to evaluate the extent and continuity of high-grade and bulk-tonnage gold mineralization. Historical highlight intercepts include:
  • 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au (JD95-0472)
  • 25.9 m of 6.42 g/t Au including 6.1 m of 12.8 g/t Au (JD94-0151)
  • 22.0 m of 6.32 g/t Au including 12.6 m of 10.8 g/t Au (JD12-0033)
  • Project-wide exploration will also focus on drill target refinement, including:
  • Over 20 line km of induced polarization (‘IP‘) geophysics along the newly defined 12 km long JD porphyry trend
  • Over 2,000 soil samples across parts of the JD porphyry trend and the epithermal-related Finn to Creek corridor
  • Over 30 days of project-wide geological mapping and prospecting

Niel Marotta, CEO of Sun Summit Minerals, commented: ‘We are very excited to have kicked off our 2025 exploration season at our JD project, which is fully funded by the proceeds of our recently completed private placement. The Toodoggone region in north-central British Columbia is one of the hottest mineral exploration districts in Canada, and has seen heightened corporate activity, combined with a large influx of capital. We expect plenty of news flow coming from the Toodoggone over the summer and fall, including drill results from our own aggressive 5,000 metre program.’

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_001.jpg

Figure 1. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG, Amarc and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_001full.jpg

JD Exploration Program

Crews have mobilised to the Toodoggone District to commence the 2025 JD Project exploration season (Figure 1). The primary goal for 2025 multidisciplinary exploration program is to advance and expand the epithermal-related Creek and Finn gold-silver targets through a series of systematic step-out holes, and to generate and refine new priority targets across the highly-prospective 4.5 km long Finn to Creek corridor, as well as the 12 km long JD porphyry trend (Figure 2).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_002.jpg

Figure 2. Map of the JD Project showing the broad JD Porphyry trend and the epithermal-related Finn to Creek Corridor. Planned areas for IP and soil surveys are shown in grey. Key targets are highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_002full.jpg

Creek Zone: Drilling at the Creek Zone (Figure 2) is designed to investigate the lateral and vertical extent of high-grade and bulk-tonnage gold mineralization (e.g., 122.53 m of 2.11 g/t Au, including 20.0 m of 10.01 g/t Au, and including 1.52 m over 121.0 g/t Au, CZ-24-004, Figure 3, see October 2, 2024, news release). Based on new geological and structural modelling, a series of steeply-dipping, northwest trending parallel vein sets with associated halos of disseminated gold mineralization have been defined. Over 3,000 meters across 10 to 12 drill holes are planned to systematically test the vein-controlling structures on 50 to 100 meter pierce-points covering a strike-length of over 700 meters (Figure 3) and a down-dip extent of over 200 meters. Results from this phase of drilling should inform grade continuity, the scale of the epithermal system and where follow-up deeper and/or step-out holes are warranted.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_003.jpg

Figure 3. Map of the Creek Zone showing drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_003full.jpg

Finn Zone: Drilling at the Finn Zone is designed to expand the footprint of high-grade, near-surface base metal-rich gold-silver mineralization intersected in historical drilling (e.g., 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au in hole JD95-0472). Based on an extensive compilation of over 300 historical drill holes, a new geological and structural model suggests that epithermal-related gold-silver mineralization is hosted within veins and vein-breccias situated along a northwest striking and gently dipping volcaniclastic unit. Over 2,000 meters of drilling across 7 to 9 drill holes are planned to test the model along strike (e.g., towards hole JD13-024) and down-dip (e.g., toward JD12-015) covering a strike-length of over 650 meters (Figure 4). Drilling near the higher-grade core may also be completed to verify historical grades, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone (e.g., JD12-0093).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_004.jpg

Figure 4. Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_004full.jpg

Target Generation: Project-wide exploration activities are aimed at target generation and drill target refinement.

  • Over 20 line km of IP geophysics will build on previous surveys and expand the grid along the high-prospective, 12 km long JD porphyry trend. Areas considered prospective for porphyry-related mineralization along this trend (e.g., Belle South) will also be covered by new soil geochemical grids (Figure 2).
  • Areas considered highly-prospective for epithermal-related gold-silver mineralization along and proximal to the Finn to Creek corridor will be covered by new soil geochemical grids. Detailed geological mapping focused on lithological and structural controls of epithermal-related veins and breccias will be completed to inform a new targeting model.
  • High-priority target areas outside of the main JD area (e.g., Oxide Peak West, Moosehorn, and East McClair) will be investigated through geological mapping and prospecting (Figure 2).

Timeline: Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling at the Creek Zone is anticipated to begin by mid-July, at the latest.

National Instrument 43-101 Disclosure

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able to verify the historical exploration data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data is historical and the original drill core is not readily available. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

Webinar Invitation

Sun Summit Minerals invites investors and interested parties to a live webinar and Q&A hosted by Simone Capital. CEO Niel Marotta will present an overview of the Company’s 2025 exploration and drill program.

Date: Thursday, June 19
Time: 4:00 PM ET | 1:00 PM PT
Register: https://app.livestorm.co/simone-capital/sun-summit-minerals-2025-exploration-update

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

  1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Links to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg
Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-2-scaled.jpg
Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-3-scaled.jpg
Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg

On behalf of the board of directors,

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the Company’s exploration plans and forecasts; the geology, grade and continuity of mineral deposits; potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the focus, purpose and goals of project wide exploration; the existence and timing of news releases and updates, if any, coming from the project area; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that the Company may not be able to confirm historical exploration results; the geology, grade and continuity of mineral deposits; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Bitcoin Well Receives $0.5 Million Judgment Against Rapid Cash

(TheNewswire)

Bitcoin Well Inc.

Edmonton, Alberta June 18, 2025 TheNewswire – Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (‘ Bitcoin Well Canada ‘), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King’s Bench of Alberta against Rapid Cash ATM Ltd. (‘ Rapid Cash ‘ or ‘ Rapid Cash ATM’ ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.

On February 1, 2024, Bitcoin Well Canada filed an application in Court of King’s Bench of Alberta File No. 2301-14199 (the ‘ Action ‘) seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties’ Hosting Agreement in late 2023 (the ‘ Summary Judgment Application ‘).

On February 20, 2025, the Court of King’s Bench released its written Endorsement with respect to the Summary Judgment Application (the ‘ Decision ‘), finding that ‘it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]’s money pending adjudication of the damages claims’ and observing that ‘the wording of the agreement is more consistent with Bitcoin Well [Canada]’s position than with Rapid Cash’s position’. In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the ‘ Judgment ‘ ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court’s Decision can be found here and the resulting Order can be found here

On May 1, 2025, Rapid Cash filed an application (the ‘ Stay Application ‘) seeking to stay enforcement of the Judgment pending Rapid Cash’s ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the ‘ Appeal ‘). On June 13, 2025, the Court dismissed Rapid Cash’s Stay Application, such that the Judgment remains in effect.

Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada’s claims against Rapid Cash, which seek damages for Rapid Cash’s alleged improper termination of the parties’ agreement, and likewise defend Rapid Cash’s counterclaims in the Action.

Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King’s Bench of Alberta.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr , , and to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

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