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June 20, 2025

Healthcare infrastructure firm Semler Scientific is planning to accumulate 10,000 Bitcoin by this year and targets 105,000 Bitcoin by 2027. The company has appointed BTC expert Joe Burnett as Director of Bitcoin Strategy to help lead its ambitious plans.

Semler Scientific already holds 4,449 Bitcoin in its stash and is the second U.S. publicly traded company to adopt Bitcoin as its primary treasury reserve asset.

Per the Thursday announcement, the firm aims to use proceeds from equity and debt financings and cash flows from operations.

Former Director at Unchained to Lead Semler Scientific’s BTC Strategy

Bitcoin research expert Joe Burnett recently told Cryptonews that BTC is “more scarce and portable than gold.” He has been publicly making the case for Bitcoin as the world’s most advanced form of monetary tech.

Burnett served as the director of market research at Unchained before joining Semler Scientific, contributing to helping institutional Bitcoin adoption by offering collaborative custody solutions.

“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins,” said Eric Semler, chairman of Semler Scientific.

“It’s time to build one of the most valuable companies in the world,” wrote Burnett on X.

Corporate Bitcoin Holders Maintain Similar Goals

Semler Scientific’s aim to accumulate 10,000 Bitcoin by 2025 mirrors some of the leading Bitcoin holders’ strategy.

For instance, Japanese investment giant Metaplanet has similar plans to accumulate 10,000 BTC by this year and has already reached its target this month. The Tokyo-listed firm aims to amass 210,000 BTC by 2027, targeting 1% of Bitcoin’s total supply.

Early this month, Semler Scientific publicly announced it has increased its Bitcoin holdings, acquiring 185 Bitcoin between May 23 and June 3 for $20 million.

SMLR Stock Surges Nearly 12%

Following the ambitious BTC accumulation announcement on Thursday, stocks of Semler Scientific (SMLR) surged 11.95%, to $31.94 during after hours.

“We continue to accretively grow our bitcoin arsenal using operating cash flow and proceeds from debt and equity financings,” said Eric Semler in May, disclosing the company’s first quarter financial results.

Meanwhile, Bitcoin is currently trading at $104,507 at press time, registering a 24-hour loss of 0.77%, per CoinMarketCap.

Semler Scientific, the second public company in the United States, has adopted Bitcoin as its main Treasury protection asset, appointed Joe Burnett as director of Bitcoin Strategy, and announced plans to accumulate Bitcoin. Healthcare Technology Company holds 10,000 Bitcoins by the end of 2025, 42,000 by 2026 and 105,000 by 2027.

This announcement comes as Semler continues to expand Bitcoin Holdings. The company recently acquired 185 Bitcoin for $20 million between May 23 and June 3, bringing total holdings to 4,449 BTC, worth around $446.2 million at its current price.

“We look forward to Joe joining the Bitcoin Strategy Team and driving his three-year plan to own 105,000 Bitcoin,” said Eric Semler, chairman of Semler Scientific. “Joe is an analytical thought leader in Bitcoin and Bitcoin finance companies. His expertise contributes as he pursues Bitcoin financial strategies and aims to provide long-term value to shareholders.”

Since adopting the Bitcoin standard in May 2024, Semler “has achieved a BTC yield of approximately 287% and a BTC $177 million by June 3, 2025,” Semler said. The company currently reports a BTC yield from the start of the year of 26.7%.

As former market research director for Unchained, Burnett helped support the adoption of Bitcoin on the system by providing joint custody solutions. He previously served as head analyst for Blockware Solutions, helping to launch one of the largest Bitcoin mining platforms in the United States.

“We are witnessing global monetization as a great form of money in Bitcoin,” Burnett said. “The trend to adopt Bitcoin as part of the Corporate Treasury has clearly accelerated. SemlerScientific is at the forefront of the movement as the second public US company to adopt the Bitcoin standard.”

Semler’s Bitcoin strategy includes using revenue from equity and debt financing and operational cash flows. Since launching its market offering program in April 2025, the company has raised approximately $136.2 million through stock sales.

The company acquired 4,449 Bitcoin for $40 million with an average price of $92,158 per Bitcoin. “We continue to use our operating cash flow to increase Bitcoin Arsenal, increasing revenue from debt and equity funding,” Semler said.

The US medical tech firm Semler Scientific has added another $50 million worth of Bitcoin (BTC) to its corporate treasury.

A new filing with the U.S. Securities and Exchange Commission (SEC) indicates the firm acquired 455 Bitcoin between May 13th and May 22nd at an average purchase price of $109,801 per BTC, including fees and expenses.

Semler now holds 4,264 Bitcoin, which it acquired for an aggregate price of $390 million at an average purchase price of $91,471 per BTC.

With BTC trading at $107,322 at time of writing, the medical tech’s holdings are currently worth more than $457.6 million.  The top-ranked crypto asset by market cap is down nearly 4% in the past 24 hours after hitting a new all-time high of $111,814 on Thursday.

Eric Semler, the founder and chairman of the firm’s board of directors, notes his company has generated a BTC yield of 25.8% year-to-date.

Data from BitcoinTreasuries.net indicates that Semler Scientific is now the 13th-ranked company in the world in terms of BTC holdings.

In May 2024, the firm became the second publicly traded company in the US to adopt a Bitcoin treasury policy, following Strategy (formerly known as MicroStrategy). Strategy, which first started investing in the asset back in 2020, has the largest corporate Bitcoin treasury in the world and currently holds 576,230 BTC worth $62.14 billion.

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Medical equipment company Semler Scientific (SMLR) announced its third-largest bitcoin BTC purchase since adopting a bitcoin standard roughly one year ago.

The company in the ten days ending May 22 acquired 455 BTC for $50 million, averaging $109,801 per bitcoin. This acquisition, funded through its at-the-market (ATM) equity offering program, brings Semler’s total holdings to 4,264 BTC, purchased for $390 million and currently valued at more than $450 million.

To date, the company has issued 3,003,488 shares under its April 15 $500 million ATM program, raising $114.8 million.

Now roundly used as a key performance indicator by most companies adding bitcoin to their balance sheet, Semler’s BTC Yield, has risen to 25.8% in 2025. BTC Yield measures the year-to-date percentage change in the ratio of total bitcoin holdings to assumed diluted shares outstanding.

SMLR shares are lower by 5.3% in premarket trading alongside a sizable decline in the price of bitcoin Friday morning to $108,300.

Bitcoin mining company Core Scientific Inc. reported a first-quarter net profit of $580 million for 2025, a sharp increase from $210 million a year earlier.

However, the firm missed revenue expectations, as income dropped amid declining mining yields and a shift in business strategy.

According to the company’s May 7 earnings release, total revenue for Q1 reached $79.5 million, falling short of Zacks analyst estimates by over 8%.

This marked a significant decline from the $179.3 million Core Scientific posted during the same period last year.

Core Scientific’s Q1 Revenue Dominated by Self-Mining at $67.2M

The bulk of its earnings came from $67.2 million in self-mining revenue, while hosted mining and colocation contributed $3.8 million and $8.6 million, respectively.

The revenue shortfall follows the April 2024 Bitcoin halving, which cut block rewards from 6.25 BTC to 3.125 BTC, effectively reducing mining income.

Core Scientific also cited its ongoing operational transition toward high-performance computing (HPC) hosting—especially for artificial intelligence applications—as a contributing factor to the revenue dip.

Still, some losses were mitigated by favorable market conditions. Bitcoin’s average price rose 74% during the quarter, and the firm benefited from a 33% reduction in power costs due to lower energy rates and improved efficiency.

A key part of Core Scientific’s future growth strategy is its pivot to AI-focused infrastructure.

In February, the company secured a $1.2 billion agreement with AI firm CoreWeave to expand data center capacity. This move is expected to significantly bolster colocation revenue, with projections pointing to an annualized figure of $360 million by 2026.

CEO Adam Sullivan called Q1 an “inflection point” for the company, emphasizing its strategic positioning within the rapidly growing demand for high-performance data services.

“We’re at the center of one of the most important shifts in modern computing,” Sullivan said in a statement.

Shares in Core Scientific (CORZ) closed down 1% at $8.90 on May 7 but rose to $9.24 in after-hours trading.

The shift to HPC is gaining momentum across the crypto mining sector. Companies like Hive Digital, Hut 8, Iris Energy, and TeraWulf have all begun reallocating mining resources toward AI infrastructure, signaling a broader trend reshaping the future of digital asset operations.

Bitcoin Mining’s Sustainable Energy Usage Rises to 52%

A recent study from Cambridge University shows that sustainable energy now powers 52.4% of Bitcoin mining, a significant increase from 37.6% reported in 2022.

According to the report, 42.6% of Bitcoin mining’s sustainable energy comes from renewables like wind and hydropower, while 9.8% is sourced from nuclear energy.

Natural gas has now overtaken coal as the largest energy contributor to Bitcoin mining, with usage rising to 38.2%, compared to 25% in 2022.

Coal’s share, meanwhile, has fallen sharply to 8.9% from 36.6%.

The United States became a global leader in Bitcoin mining following China’s 2021 crackdown on the crypto industry.

With cheap electricity and strong capital markets, American mining firms quickly gained dominance, and the election of pro-crypto President Donald Trump initially fueled optimism for continued growth.

The post Core Scientific Posts $580M Q1 Profit, Misses Revenue Estimates appeared first on Cryptonews.

Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits.

Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net income from the year-ago quarter, while its total revenue reached $79.5 million, missing Zacks analysts’ estimates by 8.11%, and falling from its $179.3 million in revenues for Q1 2024. 

The firm’s primary source of revenue came from $67.2 million in self-mining revenue, $3.8 million in hosted mining revenue, and $8.6 million in colocation, formerly listed as high-performance computing (HPC) hosting.

Core Scientific said its drop in Bitcoin (BTC) mined and revenue was due to the halving on April 20, 2024, when mining rewards were cut from 6.25 BTC to 3.125 BTC, and its operational shift to HPC hosting, primarily used for artificial intelligence.

However, the losses were partially offset by a 74% increase in the average price of Bitcoin and a 33% decrease in power costs due to lower rates and usage. 

As part of its HPC hosting shift, Core Scientific inked a deal in February with AI startup CoreWeave for a $1.2 billion data center expansion. As a result, Core Scientific anticipates entering 2026 with annualized colocation revenue of $360 million.

Inflection point for miners in AI shift

Core Scientific CEO Adam Sullivan said in a statement that its first quarter was an “inflection point,” as the firm positioned itself at the “center of one of the most important shifts in modern computing,” as the demand for high-performance data infrastructure has accelerated.

Related: Robinhood beats Q1 estimates despite revenue, crypto trading dip

Shares in Core Scientific (CORZ) closed May 7 trading down 1%, falling to $8.90, according to Google Finance. However, they jumped over 3% to trade at $9.24 after the bell.

In an August report, asset manager VanEck estimated that if publicly traded Bitcoin mining companies shifted 20% of their energy capacity to AI and HPC by 2027, they could increase additional yearly profits by $13.9 billion over 13 years.

Riot Platforms appointed three new directors to its board in February, one of whom has experience converting Bitcoin mining assets toward HPC.

Hive Digital, Hut 8 and Iris Energy converted part of their operations to HPC and AI last year, and TeraWulf sold its stake in a Bitcoin mining facility for $92 million in October, with the proceeds marked for hosting AI and building HPC data centers. 

Magazine: Adam Back says Bitcoin price cycle is ’10x bigger’, has ’empathy’ for ETF buyers

]]> https://earlybirdsinvest.com/bitcoin-miner-core-scientific-posts-580m-q1-profit-but-misses-revenue-estimates/feed/ 0 34989 https://earlybirdsinvest.com/medical-tech-firm-semler-scientific-accumulates-another-10000000-worth-of-bitcoin-now-holds-3303-btc/ https://earlybirdsinvest.com/medical-tech-firm-semler-scientific-accumulates-another-10000000-worth-of-bitcoin-now-holds-3303-btc/#respond Sat, 26 Apr 2025 23:55:50 +0000 https://earlybirdsinvest.com/medical-tech-firm-semler-scientific-accumulates-another-10000000-worth-of-bitcoin-now-holds-3303-btc/

The US medical tech firm Semler Scientific is accumulating another round of Bitcoin (BTC) worth tens of millions of dollars, bringing its total to just over 3,300 BTC.

In a new thread on the social media platform X, Eric Semler, founder and chairman of the board of directors, says that Semler Scientific has acquired 111 more BTC worth $10 million, adding that the company “is just getting started.”

In a recent press release, Semler Scientific, which adopted the top crypto asset by market cap as its primary reserve asset in May 2024, discloses that its average cost of its BTC trove is just under $88,000 per token.

“Semler Scientific acquired 111 Bitcoin for $10.0 million with an average purchase price of $90,124 per Bitcoin… As of April 24, 2025, Semler Scientific held 3,303 Bitcoin, which were acquired for an aggregate $290.4 million at an average purchase price of $87,929 per Bitcoin.”

According to the firm’s data, it has generated a BTC yield – or the metric used by the firm to keep track of the success of its Bitcoin buying strategy – of 23.5% year-to-date.

In December, the California-based company purchased 303 Bitcoin, at the time bringing its stash to 1,873 BTC purchased for $147.1 million at $78,553 per token.

Data from Bitcoin Treasuries indicates that Semler Scientific is now the 14th-ranked company in terms of BTC holdings.

The flagship digital asset is trading for $95,068 at time of writing, a 1.8% increase during the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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In a statement released on April 25, Semler confirmed the acquisition of 111 BTC since February 14 at an average price of $90,000 per coin.

The latest purchase brings the company’s total Bitcoin treasury to over 3,300 BTC, valued at approximately $300 million based on current market prices.

Semler Reports 23.5% Bitcoin Yield

Semler said that its Bitcoin strategy has delivered a 23.5% Bitcoin yield year-to-date, a key performance indicator (KPI) the company uses to measure shareholder value through BTC accumulation.

The Bitcoin yield reflects the ratio of Bitcoin holdings relative to outstanding shares, effectively increasing each shareholder’s exposure to the asset.

“Semler Scientific uses BTC Yield as a KPI to assess the performance of its strategy of acquiring Bitcoin in a manner it believes is accretive to stockholders,” the company noted.

Semler, traditionally focused on developing diagnostic tools for chronic disease detection, has partially financed its Bitcoin purchases by issuing $125 million in new stock.

In January, the firm also announced plans to raise an additional $75 million through a private offering of convertible senior notes.

The company’s pivot follows a broader trend sparked by Michael Saylor’s Strategy (formerly MicroStrategy), whose aggressive Bitcoin accumulation has driven its stock price up over 350% in 2024.

Inspired by Strategy’s success, several firms, including Semler, have adopted Bitcoin as a treasury reserve asset.

As of April 25, public companies collectively hold around $71 billion in Bitcoin, according to BitcoinTreasuries.NET.

Strategy remains the largest corporate holder, with a stash exceeding $50 billion, including a recent purchase of 6,556 BTC at an average price of $84,785 per coin.

Public Companies Boost Bitcoin Holdings by 16% in Q1 2025

Publicly traded companies increased their Bitcoin holdings by 16.1% in the first quarter of 2025, signaling continued institutional interest in the leading cryptocurrency despite market volatility.

According to crypto asset manager Bitwise, total corporate Bitcoin holdings climbed to approximately 688,000 BTC by the end of Q1, with companies adding 95,431 BTC over the three-month period.

Bitwise reported the combined value of these holdings reached $56.7 billion, based on a Q1 closing price of $82,445 per Bitcoin—representing a 2.2% increase in value.

The adoption of Bitcoin has also found momentum statewide in the U.S.

According to data from Bitcoin Law, 47 Bitcoin reserve bills have been introduced across 26 states, with 41 currently active.

Just recently, Kentucky Governor Andy Beshear officially signed House Bill 701, known as the “Bitcoin Rights” bill, into law—making the state one of the latest to enact legislation protecting digital asset users and operations.

The post Semler Scientific Adds $10M in Bitcoin to Treasury Amid Strategic Shift appeared first on Cryptonews.