Cipher Digital Q1 Results: Mining Losses, But AI Future Pays Off Big
Cipher is shifting from Bitcoin mining to AI data centers, signing $11B deals and betting big on future growth despite current losses.
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IREN Buys Mirantis: $625M Deal Boosts AI Infrastructure & Enterprise Support
IREN is buying Mirantis for $625M to boost its AI cloud, making services faster, easier, and more reliable for businesses.
Q1 Beat for Shopify, But Softer Guidance and Macroeconomic Concerns Weigh on Shares
Despite a record Q1, Shopify forecasts high-20% revenue growth for Q2 2026, below consensus expectations. Operating expenses are set to rise as the company ramps up AI investments.
PayPal’s Strong Q1 2026 Beat Overshadowed by Cautious Q2 Warning as Cost Savings Loom
PayPal beat Q1 estimates on revenue and profit, but Q2 outlook is weak with expected EPS drop as costs rise; full year mixed.
Coinbase Announces 2026 Layoffs: 700 Employees Let Go in Major Restructuring
Coinbase is cutting 700 jobs (14%) to save money and prepare for AI. Costs $50–60M, mostly severance, done by June 2026.
Bullish Buys Equiniti for $4.2 Billion to Create the World’s First Blockchain Transfer Agent
Bullish is buying Equiniti for $4.2B to build a blockchain-based system for handling shares, payments, and tokenized assets.