Falling revenues push bitcoin miners to swap crypto treasuries for AI infrastructure
Publicly listed miners are selling crypto reserves en masse and ploughing the proceeds into AI infrastructure.Riot Platforms is a Bitcoin mining company.
Falling revenues push bitcoin miners to swap crypto treasuries for AI infrastructure
Publicly listed miners are selling crypto reserves en masse and ploughing the proceeds into AI infrastructure.
Core Scientific to Sell 2,537 BTC
Core Scientific plans to sell its entire holding of 2,537 BTC. The proceeds will fund its AI strategy.
Riot Platforms Sells 1080 BTC to Expand in AI
Mining company Riot Platforms has acquired an approximately 81-hectare plot for $96 million near its flagship data center in Rockdale, Texas.
Riot Describes Bitcoin Mining as a Means to an End
Riot Platforms reported a net profit of $104.5 million in the third quarter, with record revenue of $180.2 million.
Riot Platforms Reduces Bitcoin Holdings
Nasdaq-listed mining company Riot Platforms mined 463 BTC in April and sold 475 BTC for $38.8 million during the month. Riot Announces April 2025 Production and Operations Updates. “Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said @JasonLes_, CEO of Riot. “April was a significant month […]
Bernstein Highlights Renewed TradFi Interest in Crypto Post-Trump Victory
Investors have acknowledged a resurgence of interest in cryptocurrencies and the need to ramp up activities in this sector following the U.S. presidential election. This is according to a Bernstein report, as reported by The Block. The firm’s clients are still uncertain about what “transformations await the digital asset regulatory regime.” “It’s just the beginning. […]
Riot Shares Surge Amid Potential AI Pivot
On December 12, Riot Platforms’ shares jumped nearly 5% following news of Starboard Value acquiring a stake in the bitcoin miner. Meanwhile, the S&P 500 index declined by 0.5% that day. Data: Yahoo Finance. On Thursday morning, The Wall Street Journal reported that Starboard Value had acquired a “significant” stake in Riot. The buyer is […]
Riot Platforms to Raise $600 Million for Bitcoin Acquisition
The mining firm Riot Platforms plans to issue $500 million in convertible senior notes, with an additional option for initial buyers to purchase $75 million more. Riot Announces Proposed Private Offering of $500 Million of Convertible Senior Notes. Net proceeds from this offering to be used primarily to acquire bitcoin and for general corporate […]
Matrixport Highlights Growth Potential for Mining Stocks
Shares of mining companies may see an increase in value due to the stabilization of their revenue declines and their lag behind Bitcoin’s performance, according to Matrixport. #Matrixport Today ? — Oct 8: #Bitcoin Mining Stocks Poised for Rebound as Revenues Stabilize Post-Halving#cryptomarket #MarketTrends #MarketInsights #BTC #miningevent pic.twitter.com/sK7oxvBnhU — Matrixport Official English (the only official […]
Bitfarms and Riot Platforms Reach Settlement on Shareholding
A settlement between mining companies Bitfarms and Riot Platforms prohibits the latter from acquiring more than 20% of its competitor’s shares without board approval, according to a joint press release. Under the agreement, Bitfarms co-founder Andres Finkelstein has stepped down from the management team, with Amy Friedman, an independent expert in corporate governance and capital […]
Bitcoin Mining Output Declines in August, Miners Report
In early September, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. MARA In August, MARA (formerly Marathon Digital) produced 673 BTC. Compared to July, this figure decreased by 3%. Data: MARA. According to the press release, the activated hash rate increased to 35.2 EH/s, which is […]
Bitcoin Mining Recovery in July: Miners Report Increased Production
In early August, mining companies disclosed their operational results for the previous month. ForkLog compiled the key metrics in one report. MARA In July, MARA (formerly Marathon Digital) produced 692 BTC — a 41% decrease compared to the same period last year. However, this was a 17% increase from June. Source: MARA. According to the […]We use cookies to improve the quality of our service.
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