Latest from Will Canny
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan
The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
The broker initiated coverage on miners Iris Energy and Core Scientific with outperform ratings.
Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed
Valdi allows customers to use available GPU compute cycles in data centers across the world.
Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are seeing value in partnering with bitcoin miners to help with AI computing after Core Scientific signed a 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.
Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
Crypto Industry Is About to Boom, Is Outperforming the Internet: Architect Partners
The digital asset industry added more than $750 billion in value in the first half of the year, the report said.
