Tariff Suspension, Market Recovery: Which AI Projects Could Be the Next Big Thing?

By: blockbeats|2025/04/15 14:30:03

Original Article Title: The AI Dispatch #13 - 90 Days of Fun? Multi-Agent Workflows, Mode Trade, and More
Original Author: @castle_labs
Original Translation: Syncopation Junior Deep

Editor's Note: The crypto market saw a resurgence after a 90-day tariff suspension, with a 25% increase in total market value. Intelligent interactions have significantly increased, indicating a growing interest in AI projects by users. Mode Trade launched a trading platform that integrates AI, perpetual contracts, and predictive data, utilizing LLM and synthetic data to innovate the trading experience. Additionally, projects like Bio Protocol are driving the integration of AI agents with open science through hackathons, while Virtuals Ventures are exploring on-chain monetization in the AI economy, showcasing the thriving integration of Web3 and AI.

The following is the original content (reorganized for ease of comprehension):

While the overall market still faces uncertainty, there has been some relief felt after the 90-day tariff suspension. The total market value has grown by approximately 25% compared to last week, but more interestingly, there has been a growth in intelligent interactions, rising from 3420 last week to over 8830 now, indicating an increasing number of users paying attention to AI projects, and we may be hitting a bottom.

Tariff Suspension, Market Recovery: Which AI Projects Could Be the Next Big Thing?

As we mentioned in our version a few weeks ago, Mode was one of the first blockchains to fully embrace AI, ahead of the widespread trend. What's the latest?

Introducing Mode Trade: The Trinity of Trading. Perpetual Contracts. AI. Predictive Data. We merge them into a unified experience, allowing you to trade more intelligently, faster, and clearer. Experience AI trading now

This week, they launched Mode Trade, enabling users to execute trades in an LLM environment with intent and analyze them using synthetic data from the market.

Curious about how to use synthetic data?

How to Utilize Synth BTC Liquidation Probability in Perpetual Contract Trading Input your Market Order Position View Liquidation Probability Adjust Leverage

Why Choose Mode Trade?

Mode Trade Trinity integrates: Powerful Perpetual Contract Engine, Simplified AI Execution, Enhanced Predictive Data for Strategies Next-gen trading is not just about speed, it's about intelligence

Eliza

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@soneium Workshop:

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Virtuals

Virtuals Ventures provides funding opportunities in the AI space:

From autonomous traders and research agents to media systems and smart layers, our portfolio reflects the ongoing expansion of the agent economy. Each agent is a real-time experiment in applied coordination, composability, and on-chain monetization.

Dive into @aixbt_agent's Momentum Graph, used to track trend in a social graph:

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· VaderResearch x Virtuals

· StoryProtocol x Virtuals

For this series, another collaboration you need is @Chromia X @coingecko: How to create a crypto research AI agent is something we are very interested in.

We've just teamed up with @CoinGecko to release a piece: Using @Chromia's decentralized vector database, we guide you step-by-step in building your own crypto research AI agent!

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Jeff on TAO:

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RedPill's Latest Update:

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If you prefer reading and understanding the technical details of AI, here are the top AI papers of the week:

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We also published an article about OpenServ, introducing their approach to creating an automated agent workflow:

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「Original Article Link」

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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