Olenox Industries is an energy company that acquired Bitcoin miner CS Digital Ventures in May. It reported preliminary July production of 15.13 …
Mining
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Mining
Poolin bankruptcy filing exposes $500M debt against just $10M in assets
by shayaanby shayaanA crypto mining pool that once ranked among the industry’s largest is now working through federal bankruptcy court instead of the blockchain. …
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Mining
This Nasdaq-listed crypto firm is swapping fresh Ethereum buys for an AI pivot
by shayaanby shayaanIntchains Group is pulling back from fresh Ethereum purchases after its first-half revenue collapsed by 94% and is now focused on redirecting …
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Mining
Bitcoin miners are getting a new AI hedge, but it may protect them from the wrong risk
by shayaanby shayaanThe US derivatives regulator is exploring a market for futures tied to AI computing power just as Bitcoin miners pour hundreds of …
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Tether has walked away from its Bitcoin mining operation in Uruguay, abandoning two facilities that cost an estimated $120 million after a …
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Zcash miner buys 9.4% of merger target that warns failed deal could end in liquidation
by shayaanby shayaanFortitude Mining, Digital Currency Group’s Zcash-focused miner, bought a 9.4% stake in Nasdaq-listed HeartSciences for about $1 million, giving its proposed merger …
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Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the …
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Mining
Bitcoin miner Ionic gets 90% of revenue from AI lease as BTC drives $35M loss
by shayaanby shayaanIonic Digital, a Bitcoin miner repositioning its power sites for AI infrastructure, generated 90% of its second-quarter revenue from leasing. Its Q2 …
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Bitcoin mining is entering into a new phase as companies that were only used for producing Bitcoin ($BTC) have now moved towards …
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Mining
HIVE’s $84.7 million Swedish tax provision eclipsed revenue even as Bitcoin output hit a record
by shayaanby shayaanHIVE Digital Technologies booked an $84.7 million non-cash Swedish tax provision tied to contested VAT exposure after adverse court rulings led it …