The town of Plattsburgh in New York state is evaluating a temporary land use moratorium aimed at restricting high-energy computing operations, including AI data centres
Tag: Mining
Cango Shares Drop 21% After $81.6M Q2 Net Loss as Mining Operations Scale Back
Cango, a New York Stock Exchange-listed bitcoin miner, reported a $81.6 million net loss for the second quarter, driven by a 50% decline in revenue
South Korea’s Jeonbuk Bank partners with Ripple for cross-border payments
South Korea’s Jeonbuk Bank has entered a partnership with Ripple to implement the latter’s cross-border payment solution for business customers, including import-export firms, technology startups,
Major Bitcoin Miners Sell Large BTC Holdings Amid Price Recovery Concerns
Data from Lookonchain suggests two leading Bitcoin miners, MARA and Riot Platforms, have deposited significant BTC holdings to exchanges, raising questions about their strategic intentions.
CleanSpark Reports $138M Q3 Revenue, 30.5% YoY Decline, $239M Net Loss
CleanSpark, a Nasdaq-listed Bitcoin mining company, reported $138 million in revenue for the third quarter of fiscal 2026, a 30.5% year-over-year decline from $198 million.
Bitcoin and Ether Prices Rise Amid US Treasury Bond Buybacks, Analyst Predicts $100,000 Target
Bitcoin and Ether prices surged following the US Treasury’s expansion of long-dated bond buybacks, with Standard Chartered analyst Geoff Kendrick forecasting Bitcoin could reach $100,000
Bitcoin Faces Pressure as ETF Redemptions and Miner Sales Weigh on Price
The cryptocurrency market experienced renewed volatility as Bitcoin prices edged downward amid significant outflows from US spot exchange-traded funds (ETFs) and heightened selling pressure from
Bitcoin Miners Invest Billions in AI and HPC, but Returns Lag Behind Spending
A surge in capital spending by Bitcoin miners and AI data-centre firms has outpaced revenue growth, raising questions about the long-term viability of their dual
Situational Awareness Hedge Fund Invests $400M in Unnamed Company After Margin Calls
Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has reportedly invested $400 million in an unnamed privately held company following a
Large Crypto Holders Increase BTC, ETH, XRP Positions Amid Price Pressure, CryptoQuant Reports
Large crypto holders are increasing their bitcoin (BTC), ether (ETH), and XRP (XRP) positions as prices remain under pressure, according to CryptoQuant, suggesting they may
