Topic
bitcoin mining
2 stories
CleanSpark has an AI tenant. MARA has a pipeline. Both have shrinking mining revenue.
MARA and CleanSpark posted a combined $851 million net loss for the June quarter as mining revenue fell by more than a quarter at both, and Bernstein split its ratings on their AI pivots.
Miners' AI trade rallies on a forced seller: inside the Situational Awareness liquidation
Shares in six bitcoin miners turned AI data-center operators jumped as much as 27% on July 30 after reports that Leopold Aschenbrenner's Situational Awareness was forced to dump its stock book to meet margin calls.