Bitcoin Mining
Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues
The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2 billion in revenue over 12 years.
Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease
Bitcoin miner expands into AI infrastructure with long-term hyperscale contract in Texas, which includes options that could increase the total value of the agreement to over $25 billion.
Trump-linked American Bitcoin shares spike over 12% after announcing more mining power
The Trump family-linked mining and treasury company announced 11,298 additional bitcoin mining ASICs at its Drumheller site.
HIVE, Keel push deeper into AI data centers with capital raise, asset sale
HIVE raises $115M to expand data centers while Keel exits Latin America, redirecting funds into HPC and AI as both stocks climb 4%.
Core Scientific seeks $3.3 billion bond sale to further AI data center pivot
The company is building six AI data centers, leased to CoreWeave for 12 years, and is expected to generate approximately $10 billion in revenue.
UK gas-investment firm weighs bitcoin mining, draws criticism
Reabold Resources' gas field is so large it could theoretically mine 50,000 BTC, local media said. The firm said it will test bitcoin mining before pivoting to data centers.
From smelters to servers: Alcoa to cash in on crypto’s thirst for energy
Alcoa is in advanced negotiations to sell its dormant Massena East smelter in upstate New York to Bitcoin mining firm NYDIG.
TeraWulf stock declines on $900 million share sale to fund AI data center expansion
The shares had been on a big run higher, rising more than 50% since late March.
Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too.
The kingdom's holdings have dropped from 13,000 BTC to 3,954 since October 2024, with $215.7 million moved out this year alone. Its last mining inflow over $100,000 was recorded more than a year ago.
Are AI giants coming for bitcoin miners' power?
Anthropic's multi-gigawatt compute deal with Google and Broadcom highlights how AI companies are now directly competing with bitcoin miners for the same energy infrastructure. Several major miners have already started converting capacity to AI hosting, but does this mean that bitcoin mining is dying? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
