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Crypto Mining
The Bull Case for Galaxy Digital Is AI Data Centers Not Bitcoin Mining, Research Firm Says
Rittenhouse Research, a new firm covering fintech, AI, and crypto, is giving GLXY a strong buy rating because of its BTC mining to AI transition
Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut
Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.
Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid
The government is disconnecting power from mining-linked properties and conducting follow-up sweeps.
Applied Digital Tumbles 30% on Revenue Miss; Plans Selling Cloud Computing Unit
The Texas company, which pivoted from crypto mining to high-performance computing, said it will sell its cloud computing business to struggling cloud computing business.
Digital Currency Group Spins Off Crypto Mining Subsidiary Fortitude From Foundry
Fortitude Mining will produce bitcoin and other proof-of-work tokens.
Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to try and overhaul the company's board before pursuing a takoever again.
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
U.S.-listed mining companies produced a larger share of bitcoin in July than the previous month as they brought on new capacity faster than the network hashrate rose, the report said.
U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base
President Biden ordered a halt to the MineOne operation near Warren Air Force Base, citing Chinese ownership, foreign technology and proximity to a strategic missile base.
British Columbia Court Backs Ban on Crypto Mining in Canadian Province
Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro's 18-month moratorium on mining.
Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.
