{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-095339","form_type":"8-K","ticker":"XXI","cik":"0002070457","company_name":"Twenty One Capital, Inc.","filed_at":"2026-08-31T11:09:01+00:00","discovered_at":"2026-08-31T11:10:31.885887+00:00","generated_at":"2026-08-31T11:10:43.464845+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"CEO Zagury: Bitcoin hashrate down 22-24% from ATH; XXI well-positioned","bullets":["Network hashrate hit ATH of 1,275 EH/s on Sep 19, 2025; now in high 900 EH/s range, down ~22-24%.","CEO says most public mining companies are leaving industry; Twenty One Capital staying the course.","Hashprice ~$30/PH/day; operator A with 17.5 J/TH and $0.05/kWh has margin +$9.00, operator B underwater.","Mining outperforms Bitcoin when price grows faster than hashrate; sees first time at scale for miners.","Mining offers optionality: energy, infrastructure, share, proximity options; AI/HPC opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-095339","json":"https://secwatch.observer/filing/0001213900-26-095339.json","markdown":"https://secwatch.observer/filing/0001213900-26-095339.md","text":"https://secwatch.observer/filing/0001213900-26-095339.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2070457/000121390026095339/0001213900-26-095339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2070457/000121390026095339/ea0303978-8k_twentyone.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-31T11:10:43.464845+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}