American Bitcoin mined coins at $36,200 each in Q1 2026, cutting costs 23% and posting a 50% gross margin. American Bitcoin (ABTC), the Bitcoin mining company backed by the Trump family, cut its cost per coin 23% to roughly $36,200…
Circle has launched the Arc blockchain after raising $222 million in a token presale backed by BlackRock and a16z. Circle Internet Group raised $222 million in the presale of ARC, the native token of its new Arc blockchain, giving the…
Circle reports strong Q1 growth with $694M revenue, while Arc blockchain raises $222M backed by major global investors. Circle has reported strong financial growth in the first quarter of 2026. The company reported revenue and reserve income of $694 million. This is 20% higher than the previous year. Furthermore, it indicates a growing demand for […]
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Circle Internet Group, the publicly listed issuer of the USDC stablecoin, pulled in $222 million through a presale of the native token for its new Arc blockchain, giving the network a fully diluted valuation of $3 billion, CNBC reported Monday. Andreessen Horowitz led the round with a $75 million commitment. Other participants include BlackRock, Apollo Funds, Intercontinental Exchange, the owner of the New York Stock Exchange, Standard Chartered Ventures, Janus Henderson, ARK Invest, and about half a dozen more. Circle is the first publicly listed company to conduct a token presale, an early sale of digital tokens before a blockchain goes live. CEO Jeremy Allaire said Arc represents Circle’s push beyond stablecoins into blockchain infrastructure and internet-scale financial software. What Arc is and how it works Arc Network is designed specifically for stabl