Auto Added by WPeMatico

Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive

American Bitcoin Corp., the bitcoin mining company co-founded by Eric Trump, reported approximately $126 million in third-quarter net income and $221 million in adjusted EBITDA, reversing losses from the preceding…

Continue ReadingEric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive

SWI Turns FTX’s Former Bitcoin Mining Infrastructure Toward AI Boom

Genesis Digital Assets, once one of Sam Bankman-Fried’s largest crypto investments, is being repurposed for the artificial-intelligence boom after SWI Group took majority control. SWI has now raised about $896…

Continue ReadingSWI Turns FTX’s Former Bitcoin Mining Infrastructure Toward AI Boom