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Hut 8’s 13% selloff over lack of AI tenant ‘short-sighted,’ says Benchmark after record quarter

Hut 8’s 13% selloff over lack of AI tenant ‘short-sighted,’ says Benchmark after record quarter

Hut 8 Corp. shares fell as much as 13% on Tuesday after the company reported record third-quarter results but did not confirm a hyperscale AI tenant for its River Bend project in Louisiana.Benchmark Equity Research Analyst Mark Palmer described the selloff as "short-sighted and unwarranted" in a Wed


HIVE to expand bitcoin mining capacity in Paraguay as ‘one of the few BTC miners still growing hash rate’

HIVE to expand bitcoin mining capacity in Paraguay as ‘one of the few BTC miners still growing hash rate’

HIVE Digital Technologies (ticker HIVE) is expanding its hydroelectric-powered data-center campus in Paraguay, according to an announcement on Tuesday.The move is part of HIVE's "Phase 3" expansion of its renewable capacity in the country, expanding its output to 400 megawatts. The buildout is expec


TeraWulf Stock Soars 70% as Google Doubles Its Stake

TeraWulf Stock Soars 70% as Google Doubles Its Stake

Bitcoin miner TeraWulf is suddenly Wall Street’s hot topic. Its stock shot up more than 70% in a week after Google boosted its stake in the company, betting big on its shift from pure crypto mining into powering artificial intelligence (AI).CEO Paul Prager highlights strategic alignment with GoogleO


Fact Check: Is Google Getting Into Bitcoin Mining Through TeraWulf?

Fact Check: Is Google Getting Into Bitcoin Mining Through TeraWulf?

A headline is making waves in the crypto world as Google reportedly acquires an 8% stake in Bitcoin miner TeraWulf in a $3.7 billion deal. Many in the crypto community are claiming that Google has officially entered the Bitcoin mining space.So, what’s the truth behind the news? Here’s a detailed, fa


Bitcoin miner TeraWulf shares jump 50% after Google secures 8% stake as part of $3.7 billion 10-year AI compute deal

Bitcoin miner TeraWulf shares jump 50% after Google secures 8% stake as part of $3.7 billion 10-year AI compute deal

Bitcoin miner TeraWulf (ticker WULF) saw its shares jump by over 50% intraday after announcing two 10-year colocation agreements with AI high-performance computing provider Fluidstack. The deals are worth $3.7 billion in contracted revenue over the initial 10-year terms, with two five-year extension


 Demographics will 'leapfrog' Bitcoin adoption in Pakistan — Bilal Bin Saqib

Demographics will 'leapfrog' Bitcoin adoption in Pakistan — Bilal Bin Saqib

Pakistan’s demographics position the country as a major catalyst for Bitcoin adoption, allowing it to “leapfrog” developed nations, according to Bilal Bin Saqib, Pakistan’s state minister of crypto and blockchain.“A global policy shift has happened, not just in Pakistan, but all around the world,” 


RETRANSMISSION: HIVE Digital Technologies Completes Acquisition of Paraguay's YguazĂș Site, Expanding Mining Capacity By 317%-From 6 EH/s to 25 EH/s in 2025

RETRANSMISSION: HIVE Digital Technologies Completes Acquisition of Paraguay's YguazĂș Site, Expanding Mining Capacity By 317%-From 6 EH/s to 25 EH/s in 2025

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - March 18, 2025) - HIVE Digital Technologies Ltd. (FSE: YO0)


AI Firm CoreWeave Files for IPO, Citing $1.9B in Revenue

AI Firm CoreWeave Files for IPO, Citing $1.9B in Revenue

CoreWeave, an AI firm in close partnership with bitcoin miner Core Scientific (CORZ), filed for an initial public offering (IPO) today.The company is expected to raise $4 billion, with a valuation of more than $35 billion.Today's filing showed the company had seen $1.9 billion in revenue in 2024, re


Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Genesis Digital Assets Limited (GDA) is expanding its bitcoin mining operations in West Texas with a 50-megawatt (MW) energization increase across its Pyote and Vernon sites.GDA is a private company with offices in the United Arab Emirates and the United States, with a total power capacity of over 


Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Genesis Digital Assets Limited (GDA) is expanding its bitcoin (BTC) mining operations in West Texas with a 50-megawatt (MW) energization increase across its Pyote and Vernon sites.GDA is a private company with offices in the United Arab Emirates and the United States, with a total power capacity of 


Upexi Provides Shareholder Update on Current Business Operations and Long-Term Strategic Crypto Portfolio and Mining Initiative

Upexi Provides Shareholder Update on Current Business Operations and Long-Term Strategic Crypto Portfolio and Mining Initiative

TAMPA, FL / ACCESS Newswire / February 6, 2025 / Upexi, Inc. (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products and is actively pursuing additional investment opportunities to expand its portfolio through further direct inv


Cipher Mining secures $50 million investment from Stargate AI backer SoftBank

Cipher Mining secures $50 million investment from Stargate AI backer SoftBank

Cipher Mining has secured a $50 million investment from the $300 billion Japanese multinational conglomerate SoftBank, which is set to purchase approximately 10.4 million shares of the bitcoin miner’s common stock.The funding is structured as a private investment in public equity, with the capital u