Ethereum Updates Today: ProPetro Shifts to Data Centers Amid Oil Industry Challenges

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Ethereum Updates Today: ProPetro Shifts to Data Centers Amid Oil Industry Challenges

Bitget-RWA2025/11/03 03:32

By:Bitget-RWA

- ProPetro reported Q3 2025 revenue decline (-10% to $294M) and $2M net loss, but boosted free cash flow to $25M via completions business and secured a data center power contract. - The company allocated $79M to Pro Power expansion, targeting 220MW capacity by year-end and 750MW by 2028, contrasting with idled completions fleets due to pricing pressures. - Crypto whales showed divergent strategies: "100% Win Rate Whale" increased HYPE/ETH/BTC positions with leverage, while "Buddy" reallocated funds to PUMP

ProPetro Holding Corp (PUMP) delivered a mixed performance in its Q3 2025 financial results, mirroring ongoing difficulties in the oil and gas industry but also showcasing notable progress in its Pro Power division. The company’s overall revenue declined by 10% from the previous quarter to $294 million, while its net loss narrowed to $2 million from $7 million in the prior period, according to

Yahoo Finance

. Adjusted EBITDA decreased by 29% to $35 million, accounting for 12% of total revenue, as reported by

GuruFocus

. Despite these setbacks,

ProPetro

produced $25 million in free cash flow from its completions segment and landed a multi-year agreement to supply power to a hyperscaler’s data center, marking a strategic shift toward the data center energy sector, as highlighted by

Weex

The company’s capital spending totaled $98 million, with $79 million dedicated to Pro Power orders, as it targets an increase in contracted capacity to 220 megawatts by the end of the year and 750 megawatts by 2028, according to

CoinEx

. This expansion stands in contrast to the weaker performance of its completions business, where three fleets were taken offline due to unprofitable pricing, and short-term demand visibility remains uncertain, as noted by Yahoo.

Ethereum Updates Today: ProPetro Shifts to Data Centers Amid Oil Industry Challenges image 0

At the same time, blockchain data revealed contrasting tactics among major crypto investors. The “100% Win Rate Whale,” recognized for its steady gains, increased its HYPE long position during a market dip, holding 40,043.81

ETH

(valued at $168 million) and 1,482.9 BTC (worth $165 million), with unrealized profits reaching $18 million, as reported by Weex. In contrast, the “Buddy” whale reduced some of its HYPE and

PUMP

holdings, shifting capital into PUMP with 10x leverage, while keeping a $24.31 million portfolio across ETH, HYPE, and PUMP, according to CoinEx.

ProPetro’s quarterly update came amid increased volatility in PUMP’s token price, as investors assessed the company’s ability to generate free cash flow against industry-wide pressures. With $158 million in available liquidity and a growing presence in the data center power market, the company is well-positioned for future growth, though it continues to face immediate obstacles, as Yahoo reports.

In the digital asset market, the “100% Win Rate Whale” further diversified by reopening leveraged positions in BTC and ETH at 13x and 10x, respectively, and expanded its portfolio to $275 million, including

SOL

, according to

Panewslab

. These developments highlight the evolving relationship between conventional energy markets and cryptocurrency trading, as institutional investors adapt to both macroeconomic shifts and sector-specific challenges.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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