Cipher Mining plans to raise $1.4 billion through a private notes sale to fund a Texas-based AI data center backed by Google.
Bitcoin miners are repurposing their data centers for AI infrastructure. Firms like Core Scientific, Iris Energy, and Hut 8 ...
The Chinese automotive transaction firm Cango issued an update to its shareholders one year on from pivoting to bitcoin (BTC) mining.
Valuation frameworks are shifting with it. Miners pivoting to AI are trading near $6 million per megawatt of capacity, while pure Bitcoin miners sit closer to $3 million. The premium reflects a simple ...
Bitcoin miners are feeling the squeeze, with critical profit metrics falling near the point where miners must decide whether to keep their rigs energized.
Canaan raised $72M from BH Digital, Galaxy, and Weiss through a direct equity offering to fund Bitcoin and computing infrastructure.