Industry News and Updates

Soperton, Georgia, August 8, 2025 — LN Compute Inc. (“LN Compute”) today announced the successful completion of the sale of its 50-megawatt (MW) air-cooled Bitcoin mining project to Cango Inc. (NYSE: CANG), marking an important milestone in LN Compute’s strategic development.

The White House crypto summit on Friday provided new details on the new U.S. bitcoin reserve. President Donald Trump late Thursday signed an executive order establishing a strategic bitcoin reserve and national crypto stockpile, made up of digital assets seized by the U.S. government. Meanwhile, bitcoin and cryptocurrency prices were mixed on Friday.

Bitcoin mining has long been associated with high energy consumption and its significant environmental impact. The Proof of Work (PoW) consensus mechanism, which ensures Bitcoin’s security, demands plenty of computational power.

Oklahoma’s push to establish a Bitcoin reserve reflects a growing trend among U.S. states seeking to integrate digital assets into public funds. This move positions the state at the forefront of fiscal innovation while sparking debates about economic resilience and decentralization.

Despite potential near-term volatility and choppy price action, there is a strong bullish outlook for bitcoin in 2025, with projected highs reaching $150,000 or more, says Nathan Batchelor of Biyond Global.