InstitutionalBitGo Acquires NYDIG's Institutional Trading Business
BitGo bought NYDIG's institutional trading arm for roughly $42.5M, adding 30 staff, as NYDIG shifts focus to Bitcoin mining and data centers.
Mining — News - Page 2
Institutional
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.
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.
SecurityRavencoin Rolls Back Network After Critical Consensus Exploit
RVN hit a record low after a critical consensus exploit. Bitvavo and Upbit halted withdrawals as mining pools prepare to roll back the network.
BitcoinDashjr Removed as BIP Editor
Developer Luke Dashjr lost his BIP editor status after the BIP-110 fork he backed drew under 3% of hashpower and stalled within a day.
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%.