MiningBitcoin Miners Poured $30.7B Into AI, Earned Just $341M
Nine Bitcoin miners spent $5.11B on AI infrastructure but earned just $341M back. What BlocksBridge's numbers reveal about the costly AI pivot.
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MiningCypherpunk Buys Zcash Mining Fleet for $33M
Cypherpunk Technologies bought a Zcash mining fleet from Winklevoss Capital for $33.33M, gaining 18% of network hashrate as it targets 5% of ZEC supply.
MiningAnthropic Strikes $9B Deal With Riot Platforms
Riot Platforms signed a 20-year, 191-megawatt power deal with Anthropic valued at roughly $9 billion, Bloomberg reports.
MiningCleanSpark Misses Estimates, Bets Big on AI
Bitcoin miner CleanSpark's revenue fell 30.5% year-over-year, missing the $142.2M estimate. The company is betting on a $6.6B AI data center deal.
MiningAmerican Bitcoin Grows Reserve to 8,002 BTC in Q2
American Bitcoin grew its reserve to 8,002 BTC after mining a record 932 BTC in Q2, as net loss narrowed to $57.2 million.
MiningAschenbrenner Fund Sells Bitcoin Miner Stocks
Hedge fund Situational Awareness sold $1B in bitcoin miner stocks including IREN and Core Scientific. Citadel bought the portfolio; shares jumped 18-27%.
MiningPoolin Files for Chapter 11: What Happens to the Former Mining Leader
Mining pool Poolin, the 2019 leader, filed for Chapter 11 and is selling its Texas sites for $52M. Here's what happens to its assets and creditors.
MiningMARA Buys Texas Land for AI and Bitcoin Mining
MARA Holdings is buying a Texas site with up to 2 GW of power capacity. Here's why a Bitcoin miner wants land, not more coins.
MiningTeraWulf Signs $19 Billion AI Lease With Anthropic
Bitcoin miner TeraWulf signed a 20-year, $19 billion AI data center lease with Anthropic, sending mining stocks broadly higher.