Hut 8 has emerged as the winning bidder for two Texas data center sites formerly operated by bankrupt crypto miner Poolin. The …
Texas
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The U.S. Securities and Exchange Commission has approved a Nasdaq Texas rule change that adds a formal definition of digital commodity to …
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Hut 8 HUT$79.67·At close made its name building infrastructure to mine bitcoin BTC$78,003.01, and a site it is developing in Texas will …
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Scams
As Public Fury Mounts, Texas Pulls the Plug on Flock Surveillance Funding
by shayaanby shayaanIn brief Abbott ordered Texas agencies to halt state funding for Flock cameras, his office confirmed to the Texas Tribune. The Tribune …
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Mining
Bitcoin miners’ AI pipelines are on trial as Texas freezes 474 GW of data center requests
by shayaanby shayaanTexas Gov. Greg Abbott ordered the Public Utility Commission and ERCOT to audit every data center project seeking a grid connection before …
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Mining
Texas Bitcoin Miners with Secured Power Capacity Could See Valuation Gains
by shayaanby shayaanInvestment firm Bernstein has indicated that Bitcoin miners and AI infrastructure companies operating in Texas with secured power capacity may see their …
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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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Mining
Galaxy Buys Second Texas Site for AI Data Centre, Shares Pare Early Gain
by shayaanby shayaanGalaxy Digital (GLXY) has acquired approximately 500 acres in McGregor, Texas, for a second artificial intelligence (AI) and high-performance computing (HPC) data …
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Singapore-based Bitcoin mining company Poolin on July 22 filed for Chapter 11 bankruptcy protection in New Jersey, alongside its US affiliates Lonestar …
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Finance
Galaxy Digital targets $3.5B junk bond sale to expand Texas AI data center
by shayaanby shayaanGalaxy Digital has launched a planned $3.5 billion high-yield bond sale to help finance the expansion of its Helios data center campus …