IREN is now focusing on building on top of its Bitcoin mining core revenues with AI infrastructure. They’re targeting over $500 million in AI Cloud ARR by Q1 2026. For now, Bitcoin mining remains ...
HIVE Digital Technologies (Nasdaq: HIVE), the Bitcoin mining company, has seen its stock rally as the firm recently claimed to have captured 2% of global Bitcoin production. Founded in 2017, HIVE ...
A new bill proposed in the New York State Senate would impose heightened taxes on certain bitcoin mining companies, disincentivizing these companies from operating in the state. Yesterday, two members ...
Bitcoin’s mining difficulty climbed 5% to a record 150.84 trillion on Wednesday, marking the seventh straight upward adjustment, according to Glassnode. Difficulty, which resets every 2016 blocks ...
Google has helped strike another deal with a Bitcoin miner. On Thursday, Cipher Mining announced that it was leasing a data warehouse it owns in Colorado City, Texas, to an AI computing startup. The ...
As Bitcoin maintains its strong position at high price levels, the mining industry is witnessing another wave of growth. For traditional miners, hardware costs, electricity expenses, and maintenance ...
Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company purchased the latest-generation “Avalon ...
Bitcoin miner TeraWulf plans to raise approximately $3 billion to expand its data center operations, with backing from Google (NASDAQ:GOOG), according to CFO Patrick Fleury. The debt is expected to be ...
Investment firm DL Holdings (1709) said it agreed to spend a total of HK$320 million ($41 million) on bitcoin mining rigs from Bitmain as it aims to become Hong Kong's largest publicly traded bitcoin ...
Google has acquired a 5.4% stake in Bitcoin mining company Cipher Mining as part of a $3 billion multi-year data center deal with artificial intelligence data center company Fluidstack. According to a ...
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Bitcoin Miner IREN Surges on AI Cloud Contract Wins
IREN's stock jumped more than 20% over the past week, following news that the company secured new multi-year AI cloud contracts. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's ...
On Sept. 26, JPMorgan Chase & Co. trimmed Bitcoin miner CleanSpark Inc. (NASDAQ: CLSK) from an ‘overweight’ rating to ‘neutral’ and an unchanged price target of $14. According to the Wall Street bank, ...
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