Here, Wellener offers tactics that firms must use to prove they’re more than just a crypto play. www.coindesk.com
Pivot
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Mining
South African Power Utility’s Surreal Pivot to High-Intensity Power Sales
by shayaanby shayaanEskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced …
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Mining
From Blackouts to Bitcoin: South African Power Utility’s Surreal Pivot to High-Intensity Power Sales
by shayaanby shayaanEskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced …
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The bitcoin mining industry is facing a severe hashrate shakeout, leading many independent operators to cease operations. In response, Hash2cash is pushing …
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Finance
Dollar-Pegged Stablecoins Surge to $313B in Risk-Off Pivot Amid US–Iran Tensions
by shayaanby shayaanInvestors continue to move into dollar-pegged tokens as geopolitical risk and prolonged weakness in crypto markets push them toward perceived safety on-chain. …
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Wall Street is pouring billions into public Bitcoin mining companies, but the investment thesis has little to do with the emerging industry’s …
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CleanSpark (CLSK), a U.S.-based bitcoin $BTC$72,578.05 mining company that operates large-scale data centers, sold almost all the bitcoin it produced last month …
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Major bitcoin mining companies are increasingly selling portions of their $BTC reserves as they pivot toward artificial intelligence (AI) infrastructure. The shift …
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Smart Contracts
Core Scientific Secures Up to $1 Billion From Morgan Stanley for Pivot From Bitcoin Mining to AI
by shayaanby shayaanIn short Core Scientific secured financing of up to $1 billion from Morgan Stanley. The company is building data centers as it …
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Core Scientific (CORZ), a bitcoin mining and digital infrastructure company, sold just over 1,900 bitcoin in January for approximately $175 million, according …