Week #53

USD/BTC = $77,620
Block 964,810

Here are the stocks I plan on buying this week:

🐂 = Bull Case
🐻 = Bear Case

Latest Updates:

Sphere 3D (ANY)

Investor’s Relations link is broken

Fold (FLD)

Will the CEO is still selling stock

BitGo (BTGO)

BitGo Acquires NYDIG’s Institutional Trading

Business, Expanding Derivatives and Financing

Capabilities

2026-08-27

Transaction Expected to Enhance Derivatives and Financing Capabilities and Strengthen BitGo’s Existing

Institutional Trading Platform

NEW YORK--(BUSINESS WIRE)-- BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or the “Company”), the digital

asset infrastructure company, today announced that it has entered into a denitive agreement and

completed the acquisition of the institutional trading business and related assets of NYDIG. The

transaction expands BitGo’s institutional service oering and allows NYDIG to focus its resources on its vertically integrated power generation, bitcoin mining, and high-performance computing (“HPC”) data

center development business, with a development pipeline exceeding 3 GW and more than 1 GW

deliverable in 2027 and 2028.

BitGo’s acquisition of NYDIG’s institutional trading business is expected to expand its institutional

markets platform by enhancing nancing capabilities and derivatives intended to enhance the

Company’s existing trading oerings while complementing BitGo’s regulated custody, settlement, and

wallet infrastructure. The transaction is expected to further strengthen BitGo’s position as a

comprehensive digital asset infrastructure company, enabling institutions to access a broader range of

trading and capital markets services through an integrated platform. As part of the transaction,

approximately 30 NYDIG employees joined BitGo, along with NYDIG's institutional client trading

relationships. The acquisition reects growing institutional demand for integrated digital asset

infrastructure that combines custody, trading, nancing, settlement, and capital market services within

a single regulated platform.

The acquisition and expanded product oering are expected to bolster and enhance the stickiness of client assets on platform (“AOP”).

“Institutions increasingly want to work with a trusted partner that can support the full lifecycle of digit

IREN Limited (IREN)

Q4 FY26 RESULTS & OUTLOOK

 Results continue to reflect ongoing transition from Bitcoin mining to AI Cloud

 Revenue decreased $7.6m, driven by decommissioning of mining hardware ahead of

GPU installation and billing, partially offset by increase in AI Cloud Services revenue

 Cost of revenues decreased $6.6m, primarily driven by lower electricity costs from

reduced Bitcoin mining capacity

 Net income (loss) impacted by non-cash impairments of $(450.4)m primarily related to

decommissioning of Bitcoin mining hardware and a $(102.1)m decrease in fair value of

assets held for sale primarily related to bitcoin mining hardware marked for sale

 Adjusted EBITDA decreased $40.3m reflecting increased employee related costs and

broader platform investment ahead of AI Cloud Services revenue ramp

Q 4 F Y 2 6 Q 3 F Y 2 6

Revenue

AI Cloud Services revenue

Bitcoin Mining revenue

$137.2m

$70.5m

$66.7m

$144.8m

$33.6m

$111.2m

Net Income (Loss) $(684.0)m $(247.8)m

Adj. EBITDA1 $19.2m $59.5m

23

Note: Refer to assumptions and notes on page 26

Quarter-End ARR Targets2

$4.0bn

$1.0bn

$0.5bn

Q4 FY26A

(Jun)

Q1 FY27E

(Sep)

Q2 FY27E

Commentary:

Another week more DCA! Appears to be a dead week for news. Adding shares to my positions and will continue to keep buying.