Crypto
Bit Digital Shifts Focus from BTC Mining to ETH Staking
Bit Digital, a cryptocurrency mining company, is pivoting away from Bitcoin mining and will concentrate on Ethereum staking and treasury operations.
Finance
Canaan Announces Exit from AI Chip Production to Focus on Bitcoin Mining
Canaan Inc. is shutting down its AI chip business, aiming to concentrate resources on bitcoin mining as part of a strategic shift.
Bitcoin
Could Escalating Conflicts in Iran Impact Bitcoin's Hash Rate?
The Bitcoin hash rate has decreased following U.S. strikes on Iranian nuclear facilities. Analysts are questioning if this indicates a trend of declining computing power amidst ongoing geopolitical tensions.
Crypto
JPMorgan Adjusts Bitcoin Miner Price Predictions Amid Improving Economics
JPMorgan has revised upward the price targets for several Bitcoin mining companies, signifying an optimistic outlook as mining profitability increases.
Finance
HIVE Digital Surpasses 10 EH/s in May, Targeting Year-End Growth
HIVE Digital Technologies has achieved a significant increase in its Bitcoin mining capacity, driven by new renewable energy facilities in Paraguay.
Business
Riot Platforms Hires Industry Expert to Lead Expansion into Data Centers
Riot Platforms has appointed Jonathan Gibbs to spearhead its new data center initiative aimed at supporting AI and cloud computing.
Business
Pakistan Utilizes Extra Energy for Bitcoin Mining and AI Centers
Pakistan aims to use surplus electricity from coal plants, running at low capacity, to enhance its bitcoin mining and AI data center initiatives.
Crypto
Sangha Launches $42M Bitcoin Mining Project in West Texas
Sangha Renewables has commenced construction on a major bitcoin mining operation, anticipating significant revenue from its renewable energy-driven model.
Finance
Canaan's Bitcoin Mining Ventures Could Yield Fivefold Gains, According to Industry Analyst
Recent insights suggest that Canaan's innovations in bitcoin mining could dramatically increase its market value.
Africa
Weekly Crypto Update from Africa: Onafriq Chooses USDC, Nigeria Pursues Suspects from CBEX Failure, Phoenix Group Boosts Bitcoin Mining in Ethiopia
This week's prominent stories from Africa's crypto sector include Onafriq's USDC collaboration, Nigeria's action against CBEX fraudsters, and Phoenix Group's expansion in Bitcoin mining.
Finance
Galaxy Digital Strengthens Partnership with CoreWeave, Shares Rise
Shares of Galaxy Digital increased by 8%, reflecting a significant shift toward AI and HPC infrastructure with CoreWeave.
Finance
Auradine Secures $153 Million in Series C Funding for Bitcoin Mining and AI Infrastructure
The funding will enhance Auradine's operations in the bitcoin mining and AI data center sector, bringing total investments to $300 million.
Business
Aaron Foster of Luxor Discusses the Advancements in Bitcoin Mining
Luxor's director of business development highlights the evolution of bitcoin mining operations and innovative strategies at the Consensus festival.
Business
Exploring Opportunities: Frank Holmes on Bitcoin Mining Expansion in Paraguay
Frank Holmes shares insights on HIVE Digital Technologies’ efforts to grow bitcoin mining in Paraguay amid changing market dynamics and strategic shifts.
Business
Decline in Bitcoin Mining Stocks Amidst Revenue Shrinkage and Market Turmoil
A significant drop in bitcoin mining stocks correlates with rising competition and government-induced market uncertainties.
Finance
IREN Halts Bitcoin Mining Expansion to Invest in AI Data Centers
IREN, an Australian bitcoin mining firm, is shifting its focus from cryptocurrency mining to developing AI cloud services, aiming to enhance its infrastructure for high-performance computing.
Crypto
MARA Initiates $2 Billion Stock Offering to Expand Bitcoin Holdings
MARA, a major bitcoin miner, plans to raise $2 billion through stock sales to acquire more BTC and enhance its operations.
Crypto
CleanSpark to Join S&P SmallCap 600 as Second Bitcoin Miner
CleanSpark is set to be included in the S&P SmallCap 600 index, enhancing its visibility and attracting institutional investors.
Altcoins
Core Scientific Stock Takes a Hit After Microsoft's Withdrawal from CoreWeave
Core Scientific's shares plummeted 18% following reports of Microsoft scaling back its partnership with CoreWeave, a firm critical to its operations.
Finance
Hut 8 Reports $331 Million in Net Profit for 2024 While Advancing AI Capabilities
The bitcoin mining company reported substantial net income for 2024, leveraging the rising value of bitcoin and strategic expansions in AI infrastructure.
