Hut 8 Diversifies Beyond Crypto Mining With New 1.5 GW Expansion
TL;DR Hut 8 announced a major expansion in the United States with four new sites in Texas, Louisiana, and Illinois, totaling 1.5 GW of capacity. The
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Google Secures 14% Stake in TeraWulf Through Landmark AI-Mining Deal
TL;DR Google has become the largest shareholder of bitcoin mining company TeraWulf by acquiring a 14% stake through a financial arrangement tied to AI and high-performance
Qubic Controls 51% of Monero Hash Rate, Triggers Block Reorgs
TL;DR During Epoch 173, Qubic reached peaks exceeding 51% of Monero’s hashrate, reorganizing six blocks and leaving 60 orphaned. Mining generated approximately 750 XMR and 7
Bit Digital Posts Profit Despite Double-Digit Revenue Decline in Q2
TL;DR Profit Amid Decline: Bit Digital’s Q2 revenue fell 11.7% to $25.7 million, yet it posted $14.9 million in net income after a prior-year loss, with
Google Bets Big on Bitcoin Miner TeraWulf: $1.8B Backstop, 8% Stake, and an AI Data Center Push
TL;DR Scale and stakes: Google will backstop $1.8 billion of Fluidstack lease obligations and receive warrants for about 41 million TeraWulf shares, equating to roughly 8%
75% Ownership in Sight: MARA’s Strategic Leap Into France’s AI Future
TL;DR Deal terms: MARA to buy 64% of EDF’s Exaion for $168M, with an option to reach 75% by 2027. Closing targeted Q4 2025 pending approvals;
Core Scientific’s Biggest Shareholder Rejects CoreWeave Deal, Cites Undervaluation
TL;DR Two Seas Capital, the largest active shareholder in Core Scientific, opposes the proposed $9 billion all-stock acquisition by CoreWeave, calling the valuation inadequate. They warn
CleanSpark Posts Best-Ever Quarter, Driven by Bitcoin and U.S. Infrastructure
TL;DR Financial Record: CleanSpark reported $198.6 million in Q3 revenue, a 90.8% year-on-year gain, and $257.4 million in net income with $0.90 basic EPS. Operational Scaling:
Dormant Bitcoin Miners Resurface, Moving Coins Worth Over $28M
TL;DR Five 2010-era Bitcoin miner wallets moved 250 BTC ($28.7M) after 14 years of dormancy, likely consolidating one entity’s Satoshi-era holdings. Miners profit strategically at $118K
Bitmain Announces First U.S. Facility Amid Rising Demand for Local Production
TL;DR Bitmain, the world’s top producer of crypto mining machines, will open its first manufacturing hub in the United States, targeting either Texas or Florida. This
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