... company is genuinely preparing for an IPO. Check for the engagement of external auditors, listing conditions, and a realistic timeline for preparations. If the IPO is postponed, inquire about alternative exit strategies (sale to a strategic investor, merger deal, or placing a stake on the secondary market for private shares). Macroeconomic and industry factors. Assess how the economic situation and industry trends impact the company: how it will be affected by currency fluctuations, interest rates,...

... state government fund is allocating $100 million for technology investments. New funds focused on deeptech are being launched in Europe. These initiatives signal that investors are actively forming pools of capital to seek out new growth opportunities. Mergers and Acquisitions Gaining Momentum: Major corporations are resuming strategic M&A in the tech sector. Beyond Google’s record deal purchasing cloud startup Wiz for $32 billion, targeted acquisitions are increasing—quantum company IonQ is acquiring ...

... operational expenses (for instance, in March it sold approximately 61 BTC out of 88 mined). Nevertheless, the majority (~70%) of production continued to go into the treasury. By March 2025, Hut 8 significantly increased its hashrate to 9.3 EH/s (thanks to a merger of capacities with a partner), which boosted BTC output. It is likely that by the end of April, the company mined around 150 BTC, and although Hut 8’s official reports are now released quarterly, we can expect it to retain a substantial portion ...

... increasingly recognized by the traditional financial system. Raising capital through the IPO will bolster Circle's financial base and allow it to expand services for institutional clients. Back in 2021, Circle attempted to enter the stock market through a SPAC merger, but the deal fell through in 2022 due to a tougher regulatory stance (SEC led by Gary Gensler). Now, with a more favorable regulatory climate in the US, Circle has renewed its listing plans. The new administration in Washington in 2025 demonstrates ...

... are diverted to HPC) or, conversely, the risks associated with the capital-intensive transition into a new domain. Aside from Riot and Marathon, other public miners are also actively adapting. For example, Hut 8 Mining and US Bitcoin Corp announced a merger, aiming to synergize resources and reduce mining costs. Hive Digital Technologies (formerly Hive Blockchain) previously redirected its GPU farms to cloud computing, mining other PoW coins, and providing data center services for AI after Ethereum ...