Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years.
Bitcoin Mining
Bitcoin Miner Marathon’s Shares Tumble After Revenue Unexpectedly Misses Wall Street’s Estimates
The miner said its adjusted EBITDA swung to loss, compared to previous quarter’s profit.
Bitcoin Miner Riot Platforms’ Second-Quarter Loss Widens to $84.4M as Costs Surge
The company’s loss per share doubled to $0.32.
Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein
Investors can benefit by valuing miners’ assets as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.
Bitcoin Miner Marathon Buys $100M BTC, Will Once Again Adopt ‘Full HODL’ Strategy
The miner holds over 20,000 bitcoin and plans to buy more in the open market.
Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit
Swan Bitcoin CEO Cory Klippsten pulls plan for an IPO. (Swan Bitcoin)
Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark
The broker raised its price target for the bitcoin miner to $16 from $13 while reiterating its buy rating on the stock.
Bitcoin Mining Is So Back (Except It’s AI Now)
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It’s paying off, at least in their stock prices.
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Why AI’s Energy Use Isn’t Demonized Like Bitcoin’s
AI’s utility is more obvious to everyday people than crypto’s, and AI’s risks are so much greater that power consumption fears seem beside the point.