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Circle's adjusted EBITDA soared 85%, mining companies Hut 8 and Riot released their Q3 financial reports

According to BBX data, yesterday global cryptocurrency asset service providers and leading Bitcoin mining companies intensively released their financial reports for the third quarter of 2026, with core financial data as follows:Circle (NYSE: $CRCL) Q3 net profit reached 226 million USD, adjusted EBITDA surged by 85%: Stablecoin issuer Circle released its financial report for the third quarter of 2026, showing strong performance. The total revenue and reserve income for the quarter reached 865 million USD, a year-on-year increase of 17%; net profit from continuing operations reached 226 million USD, a year-on-year increase of 5% (diluted earnings per share of 0.84 USD). Thanks to increased interest income and the adoption rate of USDC, its adjusted EBITDA reached 317 million USD, achieving a significant year-on-year growth of 85%.Hut 8 (NASDAQ: $HUT) Q3 net profit reached 131 million USD, recorded 414 million USD in digital asset unrealized gains: Bitcoin mining and energy infrastructure company Hut 8 announced its Q3 financial report. Despite the impact of selling its power generation assets in Ontario and a decrease in custody income, total revenue for the quarter decreased by 14.9% year-on-year to 71.07 million USD, but net profit attributable to the company surged to 131 million USD (compared to 50.11 million USD in the same period last year, diluted earnings per share of 0.98 USD). The significant improvement in profit was mainly due to 414 million USD in non-cash gains from digital assets (during the quarter, Bitcoin prices soared from about 59,847 USD to about 83,415 USD). Adjusted EBITDA was 33.03 million USD, with a cash balance of 157 million USD as of September 30.Riot Platforms (NASDAQ: $RIOT) Q3 revenue increased to 181 million USD, data center business offset mining decline: Bitcoin mining and data center developer Riot Platforms disclosed its Q3 performance, with total revenue reaching 181 million USD, a slight increase of 1%. The financial report indicated that strong growth in data center and engineering operations successfully offset the decline in Bitcoin mining revenue following the halving. The net profit for the quarter was 4.03 million USD (compared to 104 million USD in the same period last year), and adjusted EBITDA remained at a healthy level of 191 million USD.

first_img Anthropic: Small models may self-replicate on IoT devices

On October 12, 2026, William Zhou and Daniel Freeman, frontier red team researchers at the artificial intelligence company Anthropic, published a study. The article states that small models may have the ability to self-replicate on commercial IoT devices such as smart ovens and generic Android TV boxes within months. These replicas do not have a single shutdown point, and the doubling time may be measured in days, potentially adapting to unfamiliar devices on their own.Evaluation shows that a 9B model completed inference on 8 out of 9 hardware types. Models of 30B and below have been able to complete many single steps of replication, but errors occur when combined end-to-end; in simplified evaluations, GLM-5.2 and stronger models can achieve end-to-end replication. The team also distributed Gemma4-26B-A4B across 15 generic Android TV boxes, each costing about $55, operating at a speed of approximately 0.39 tokens/second, with each box holding two layers of the model.End-to-end testing was conducted on 8 GCP nodes behind a firewall, propagating through an unauthorized ADB port and setting up Llama 3.1-8B inference. Among the tested open-source models, only GLM-5.2 completed replication fully, transmitting to all 8 nodes in 4 out of 5 trials. The article divides autonomous replication and adaptation into four steps: discovering the target, obtaining execution, establishing inference, and continuing propagation from the new host, stating that there are currently no complete uncontrolled replicas.
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