Mining's Dark Days: Bitcoin Companies Dump BTC and Pivot to AI to Survive
Bitcoin mining profits have tanked with BTC down ~50% from its 2025 peak. Miners like Core Scientific are selling holdings and shifting to AI to stay alive in tough times.
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Google Flexes Financial Muscle: Investing in Neoclouds to Break Nvidia's AI Grip
Google ramps up its challenge to Nvidia by investing in startups like Fluidstack ($100M) and backing data-center partners to expand adoption of its cost-effective TPU AI chips amid supply challenges.
Citigroup Predicts Major Crypto Rally: Bitcoin to Hit $143K, Ethereum $4.3K
Citigroup forecasts bitcoin reaching $143,000 and ethereum $4,304 within 12 months, citing regulatory improvements and growing adoption despite recent market volatility.
Hut 8 Secures Massive $7 Billion AI Data Center Deal
Hut 8 signed a 15-year lease for a 245 MW AI data center at River Bend Campus, backed by Google and involving major financial and engineering partners.
Hut 8 Sells 310-Megawatt Power Portfolio to TransAlta
Hut 8 signs agreement with TransAlta to sell a 310 MW portfolio of natural gas power plants in Ontario, boosting long-term value and supporting future digital infrastructure growth.