Power – Dec LM

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.