Topic
bitcoin mining
4 stories
TeraWulf's bitcoin mining revenue drops 69% as the company pivots to AI data centers
TeraWulf's Q3 bitcoin mining revenue fell 69% to $13.2 million as high-performance computing leasing — tied to a 20-year Anthropic deal — grew to make up 83% of sales.
Luxor raises $16M to turn AI computing power into something you can trade
Luxor Technology raised $16 million led by CMT Digital, with mining-rig makers Canaan and MicroBT among the backers, to build out hardware brokerage and derivatives for trading AI computing power.
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.