Bitfarms’ stock has plunged after the company announced it would be shuttering its Bitcoin mining operations over the next two years and converting them to artificial intelligence and high-compute data centers. The company said on […]
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BitMine Immersion Technologies has overhauled its leadership as it continues to amass one of the largest Ether treasuries across publicly traded companies. In a Friday notice, BitMine announced that Chi Tsang would succeed Jonathan Bates […]
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CleanSpark just sold $1.15 billion of zero-coupon convertible notes to buy more power and machines in the most brutal mining environment yet. The deal is a 144A private placement due in 2032, with an initial […]
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Singapore-based cloud Bitcoin miner BitFuFu doubled its third-quarter revenue from the previous year, driven by demand for cloud mining and equipment as miners sought to capitalize on the rising price of Bitcoin. Total revenue increased […]
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Record difficulty and declining on-chain fees have dragged Bitcoin mining profitability to a two-year low, creating a widening divide between miners surviving on razor-thin margins and those reinventing themselves as data-center operators for the AI […]
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