Bernstein has reiterated its outperform rating on TeraWulf (NASDAQ: WULF) and maintained a $36 price target, following the company’s second-quarter earnings report. …
Pivot
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Bitcoin miners’ pivot into artificial intelligence and high-performance computing (HPC) is reshaping their business models, but investors are no longer rewarding new …
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Markets
Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
by shayaanby shayaanDifficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end. www.coindesk.com
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Mining
Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake
by shayaanby shayaanTexas broke its all-time electricity demand record twice in two days last week. ERCOT served a preliminary 91,308 megawatts around 5 p.m. …
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Bitcoin mining difficulty has dropped 19.9% from its peak in the third deepest ASIC era decline on record, as miners sell bitcoin …
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Mining
Bitcoin Hashrate Declines for 287 Days, Difficulty Down 19.9% from Peak as Miners Pivot to AI
by shayaanby shayaanBitcoin’s network hashrate has been on a downward trend for approximately 287 days, with mining difficulty now 19.9% below its all-time high, …
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Mining
Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year
by shayaanby shayaanBitcoin miners are redirecting billions of dollars and scarce power capacity toward artificial intelligence as $BTC’s downturn pushes mining profitability close to …
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More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand …
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Markets
Bitcoin treasury companies sell up, repay debt, pivot to AI as share prices collapse
by shayaanby shayaanFalling share prices, debt obligations and difficult market conditions are forcing former bitcoin accumulators to sell their holdings and restructure operations. www.coindesk.com
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Mining
Bitcoin miner AI pivot hits roadblock with New York 50 MW permit freeze
by shayaanby shayaanNew York has become the first US state to impose a statewide moratorium on large new data centers, creating an early regulatory …