Chun Wang, the first Mission Commander for SpaceX’s first commercial spaceflight to Mars, is crucial for the future transport of millions of tons of cargo and a million citizens to the Red Planet.
The bitcoin mining firm continues on its investment path into AI data centers after raising $115 million to expand its global footprint in the industry.
CleanSpark reported a net loss of $378.3 million for the quarter ending on March 31, a steep increase from the $138.8 million loss reported the same period last year.
While the miner said bitcoin remains its operational foundation, first-quarter results point to a company increasingly built around power, data centers and AI demand.
The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2 billion in revenue over 12 years.
Bitcoin miner expands into AI infrastructure with long-term hyperscale contract in Texas, which includes options that could increase the total value of the agreement to over $25 billion.
The Trump family-linked mining and treasury company announced 11,298 additional bitcoin mining ASICs at its Drumheller site.
HIVE raises $115M to expand data centers while Keel exits Latin America, redirecting funds into HPC and AI as both stocks climb 4%.
The company is building six AI data centers, leased to CoreWeave for 12 years, and is expected to generate approximately $10 billion in revenue.
Reabold Resources' gas field is so large it could theoretically mine 50,000 BTC, local media said. The firm said it will test bitcoin mining before pivoting to data centers.
According to data from a recent on-chain evaluation, the Bitcoin mining sector is once again flashing warning signals, as a key industry health metric now hovers above historically critical levels. In this scenario, the Bitcoin price stands a chance to regain past grounds, but only if a specific pattern plays out. Bitcoin Miner Financial Stress Approaches Capitulation Levels Seen In Past Cycles On Saturday, April 18th, MorenoDV put out a Quicktake post on the CryptoQuant platform, revealing an ongoing dynamic shift among Bitcoin miners. The relevant indicator here is the Miner Financial Health Index 7D-SMA metric, which tracks the short-term trend of miners’ overall economic condition. Related Reading: Analyst Says Bitcoin Is Going To $170,000: Here’s When To Buy And When To Sell This metric combines four key factors – including hashprice (revenue per unit of computing power), block profitability, fee share, and total miner revenue. When these are measured together, it becomes apparent whether miners are operating in optimal conditions or are under severe stress. According to the crypto expert, the index currently displays a still-growing value of 27.7%, which is actually quite close to a historically relevant level (20%). Usually, when this metric falls to this critical 20% threshold, it indicates that mining conditions are becoming more difficult; that there is insufficient fee support, or that even rewards are declining. Interestingly, MorenoDV showed that historical data backs up this observation. Per the crypto pundit, sustained readings above this seen in the 2019, 2020, and 2022-2023 market cycles have aligned with the last stages of a capitulation phase — representing moments when weaker miners are forced out of the market. Market Bottoms May Follow Miner Capitulation, Not Peak Stress Despite the apparent risks in the current cycle, the analyst explained that the situation appears to lean more towards a recovery scenario. As previously mentioned, the Financial Health Index now sits above the historically relevant 20% mark and continues to grow higher. Typically, when this recovery above 20% occurs, it serves as a telltale sign that the “forced selling phase” is being swallowed up. MorenoDV pointed out that this is often because marginal players must have exited; network conditions have become stable — thus, the remaining miners are working in more optimal economic conditions. The crypto expert further noted that this transition often coincides with the exhaustion of bearish momentum in the Bitcoin price. Hence, if the Miner Financial Health Index is indeed transitioning, it might be important to keep an eye out for further recovery of the index. As of this writing, Bitcoin is valued at around $75,829, reflecting an almost 2% price decline since the past 24 hours. Related Reading: Bitcoin LTH Data Turns Cautious: Supply Rises, But SOPR Stays Below 1.0 Featured image from iStock, chart from TradingView
Alcoa is in advanced negotiations to sell its dormant Massena East smelter in upstate New York to Bitcoin mining firm NYDIG.
The shares had been on a big run higher, rising more than 50% since late March.
The kingdom's holdings have dropped from 13,000 BTC to 3,954 since October 2024, with $215.7 million moved out this year alone. Its last mining inflow over $100,000 was recorded more than a year ago.
The win landed the same week listed miners Riot, MARA, and Genius Group disclosed selling more than 19,000 BTC from their treasuries.
Bitcoin is often celebrated as a decentralized network, with mining power distributed globally to ensure security and neutrality. However, a closer look at mining activity suggests that this decentralization may not be as evenly distributed as it appears. While individual theories can participate in mining, the majority of the network’s hash power is concentrated among a relatively small number of large mining pools and geographic regions. Why Bitcoin’s Mining Distribution Deserves A Closer Look Bitcoin mining is not as globally decentralized as many assume. Analyst Lucky revealed on X that while the network is technically permissionless, a significant share of its hashpower is still concentrated in a few regions. Related Reading: Bitcoin Mining Nationalized? US Senators Float Bold New Reserve-Backed Bill Furthermore, estimates suggest that roughly 68% BTC mining power is distributed across three major countries: the United States, China, and Russia. This concentration is not coincidental but driven by fundamental factors such as infrastructure, energy access, and regulatory dynamics. Currently, the US has emerged as a leader due to the rise of institutional-scale mining operations, strong access to capital markets, and relatively stable regulatory clarity in states like Texas. Despite the official bans, China continues to contribute to global hashpower through underground or relocated mining operations, often supported by inexpensive hydro and coal energy. Meanwhile, Russia benefits from abundant low-cost electricity and colder regions where cooling costs are minimal. This dynamic highlights an important reality where BTC decentralization exists, but its mining ecosystem is shaped by real-world power, policy, and energy economics. Ultimately, following the distribution of hashpower offers a clearer picture of where BTC influence within the network truly resides. How New Tariffs Could Pressure Bitcoin And Risk Assets US President Donald Trump is back in focus with a new wave of tariff plans, proposing a 25% levy on the full value of goods that use imported steel and aluminum. An investor known as Sjuul AltCryptoGems on X has outlined that during earlier tariff announcements of Trump, Bitcoin and the broader crypto market dropped hard. Meanwhile, this time, uncertainty is already elevated due to the war. Sjuul pointed out that if these policies escalate into a full-scale conflict, it could amplify volatility across financial markets. During the period, the Bitcoin whales were actively placing resistance in the market, and making it clear that the price would not break above the $70,000 level as the US trading session advanced. According to Crypto Seth, as news surrounding tensions involving Iran emerged, BTC whales appeared to use the event as a catalyst to push the market lower, triggering a wave of liquidations. Related Reading: Bitcoin Whales Still Favoring Short Positions Amid Sideways Price Action In total, 185,806 traders were liquidated, with losses reaching approximately $406,52 million. Crypto Seth noted that this wasn’t random volatility but a calculated move, where 100x Degen longs were caught offside. At the same time, data shows that short leverage is building above the $69,000 level, as indicated by heatmap activity. Featured image from Getty Images, chart from Tradingview.com
The bitcoin miner issued a $10 million convertible note and closed a $65 million insider-led round while racing to regain compliance with exchange rules.
The company is actively selling bitcoin and redeploying capital into AI-focused data centers as part of a broader transformation away from mining.
The first-quarter decline breaks a long-standing growth trend, but could ultimately support decentralization as public U.S. miners face losing dominance.
The new 15-year hyperscale lease and $200 million in financing underscore the push into AI data centers.
Apex will tokenize the Omnes Mining Note “OMN,” an institutional-grade structured note backed by Bitcoin hashrate.
A falling hash rate and the resultant pressure on miners could signal another potential capitulation phase, which could push prices down furthe
The company sold 4,451 BTC in February to cut debt and fund AI infrastructure pivot.
Research shows that only 8% to 10% of global Bitcoin hashrate runs in oil-sensitive power markets, suggesting that geopolitical shocks may affect BTC prices more than mining costs.
Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus. Related Reading: WAR Token Explodes 100%, Then Crashes 20% In Sudden Sell-Off A Small Nation With A Big Bitcoin Strategy On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, worth roughly $11.85 million, out of Bhutan’s main government wallet. The funds moved to an address created about a month ago, one that had already received 184 Bitcoin from state accounts. As of Tuesday, the coins had not moved again. No sale has been confirmed. But the transfer fits a pattern Arkham has tracked for months. Data shows Bhutan tends to offload Bitcoin in batches of $5 million to $10 million at a time. The heaviest selling on record came in mid-to-late September 2025. Back in February, a similar transfer preceded a $7 million sale to Singapore-based crypto trading firm QCP Capital. Bhutan just moved another $11 Million of Bitcoin out of its main holding addresses. The last time they did this was 1 month ago, and they were selling $7 Million of BTC with QCP Capital. Bhutan periodically sells portions of its Bitcoin in clips of $5-10M, with a particularly… pic.twitter.com/tBuz280bBe — Arkham (@arkham) March 9, 2026 How Bhutan Built Its Stash The kingdom did not buy its Bitcoin on an exchange. It mined it. State-backed operations began in 2019, powered almost entirely by hydroelectric energy. During summer months, Bhutan’s rivers run fast and full, pushing its hydropower plants into surplus. Rather than waste that extra electricity, officials directed it toward Bitcoin mining. That strategy produced roughly 13,000 Bitcoin over several years, making Bhutan one of the larger sovereign holders in the world. Arkham currently puts the country’s holdings at around 5,400 Bitcoin — a figure that reflects years of periodic selling. Among nations, Bhutan ranks seventh. The US holds the top spot by a wide margin, with 328,372 Bitcoin worth close to $22 billion. The April 2024 halving hit the operation’s profitability hard. Mining rewards dropped to 3.125 Bitcoin per block, pushing up the effective cost of each coin produced. Since then, Bhutan has sold more frequently, and some Bitcoin miners globally have shifted their computing power toward artificial intelligence and data center work instead. Related Reading: Bitcoin’s Valuation Model Hints At $500K Cycle Average, Analyst Says Druk Holding Manages The Portfolio All of Bhutan’s digital assets — Bitcoin included — are managed by Druk Holding and Investments, the country’s sovereign wealth fund. The portfolio also holds smaller amounts of Ether and a memecoin called KiboShib, which was reportedly generated by artificial intelligence. What makes Bhutan’s position unusual is how grounded its crypto activity is in basic public finance. The kingdom is not sitting on Bitcoin as a long-term ideological bet. It is mining when the energy is cheap, selling when prices allow, and using the money to keep the lights on. Featured image from Unsplash, chart from TradingView
Board members Justin Mateen and Richard Busch bought roughly 1.6 million shares after the trading window reopened following the bitcoin miner’s latest earnings report.
The move stands in stark contrast to the company's peers, many of whom are moving away from or totally abandoning the business of bitcoin mining.
The bitcoin mining company now holds over 6,000 BTC, with roughly one-third acquired through mining and two-thirds through open-market purchases and strategic transactions.
The transaction gives Cipher a major shareholding in the Singapore-based company.
Royal family-linked mining rigs are producing about 4 BTC a day, turning state-backed infrastructure into a steady sovereign bitcoin machine