How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse
Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.
Power
Financial
Miners Going Nuclear: A Symbiotic Synergy
Beyond the increasing proliferation of bitcoin within investment portfolios, mining operations have become a focus of a new wave of mergers and acquisitions on Wall Street, says Taylor Krystkowiak.
Financial
Michael Novogratz’s Galaxy Looks to Turn Bitcoin Mining Into AI Computing as Revenue Falls
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.
Financial
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
The broker initiated coverage on miners Iris Energy and Core Scientific with outperform ratings.
Financial
Crypto Exchange Kraken is Considering Going Nuclear
Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk.
Financial
Supreme Court Rules to Overturn the Chevron Doctrine, Curbing Federal Agencies’ Power
Created by the Supreme Court in the 1980s, the Chevron deference gave regulators leeway to interpret the laws they are responsible for implementing.
Financial
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
Financial
Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
Iris Energy is best positioned to take advantage of the high-performance computing/AI opportunity, the report said.
Financial
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
Hashrate for the Bitcoin network typically flattens or declines during North American summer time, industry experts say.
Financial
Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says
U.S. listed bitcoin miners have access to large amounts of power, making them potential takeover targets for hyperscalers and AI firms, the report said.