Crypto Biz: Is AI the exit strategy for miners?
Bitcoin miners double down on AI, tokenized RWAs top $43 billion, Ripple strengthens its African payments network and Sam Bankman-Fried loses his appeal.
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HIVE secures $220M AI infrastructure contract with Bell and Cohere
The deal is expected to add approximately $70 million in annual recurring revenue as the company scales its AI-focused operations.
Bitcoin miners need billions to fund AI ambitions, led by IREN’s $21B gap
IREN leads public Bitcoin miners with a projected $21.1 billion AI infrastructure funding gap, underscoring the capital-intensive nature of converting mining sites into data centers.
Bitcoin miner IREN enters Europe with Nostrum acquisition as AI pivot accelerates
The acquisition adds about 490 megawatts of secured power in Spain as IREN expands beyond Bitcoin mining and builds its European AI cloud platform.
Bitcoin Mining Difficulty Drops 10% as Pressure on Miners Grows
Two of the most important metrics for the overall state of the Bitcoin network have declined recently, including the mining difficulty, which experienced a substantial reduction during the weekend. This…
3 Key Metrics Show Bitcoin Miners Are Under Mounting Pressure
Bitcoin miners are facing growing financial strain as falling prices and shrinking revenue push several key industry indicators into what analyst Axel Adler Jr. has described as a “stress zone.”…
Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output
American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period.…
Bitcoin Mining Giants Sold More BTC in Q1 Than Entire 2025 Combined
Publicly listed Bitcoin mining companies sold more than 32,000 BTC in the first quarter of 2026, in what appears to be the largest quarterly liquidation on record, according to data…
Legacy Bitcoin Miners Face Cash Crunch: 15-20% of the Global Fleet Running in the Red
The current hash price environment is squeezing Bitcoin miners’ profitability. CoinShares estimates that 15-20% of the global mining fleet is operating at a loss at the current hash price of…
Bitcoin Dips Below $72K as Data Warns ‘Rules Have Quietly Changed’
Bitcoin was mostly stable on Wednesday at $74,000 before it started to lose value gradually, dipping below $72,000 minutes ago. And while supply pressure has eased significantly, demand remains muted…