MARA Holdings sold roughly $1.5 billion worth of bitcoin during the quarter to retire debt and improve liquidity.
CleanSpark said Q2 bitcoin mining revenue came in at $136.4 million, a 25% decrease from a year ago when it posted $181.7 million.
Alongside the AI infrastructure expansion, Nvidia took warrants that may eventually convert into a $2.1 billion stake in IREN.
Bitdeer’s AI cloud ARR hit $43 million as of end-March, a 105% jump month-over-month, as its self-mining hashrate continues to grow.
Core Scientific reported higher Q1 revenue and gross profit, though the company swung to a net loss driven largely by impairment charges.
Polaris’ 40-acre campus is energized and actively operating with 40 megawatts of contracted power through Oklahoma Gas & Electric.
The company has been pivoting from a pure-play mining model and toward leasing power and infrastructure to AI and cloud providers.
Most of Riot Platforms' data center revenue came from lower-margin fit-out work, while recurring leases played a smaller role.
MARA will acquire an Ohio natural gas plant operator for $1.5 billion, shifting from bitcoin mining to digital infrastructure.
Tether has proposed that Twenty One Capital, a NYSE-listed bitcoin treasury venture, merge with Strike and Elektron Energy.
Tether said it is developing new modular bitcoin mining systems with Canaan and ACME Swisstech in a deeper pusher into infrastructure.
Luxor said it is committing $100 million to purchase MicroBT WhatsMiner rigs, while MicroBT has signed a term sheet to invest in Luxor.
Core Scientific plans a $3.3 billion private notes offering, with proceeds partly earmarked to repay credit facility borrowings.
Nasdaq-listed Antalpha’s lending business is growing quickly despite a more than 27% drop in its stock price.
The firm said it is exploring the potential to deploy bitcoin mining, but remains committed to progressing the site for UK energy security.
HIVE Digital plans a $75 million zero-coupon note offering to fund GPUs and data centers as it moves to the TSX.
Bitdeer's total hashrate under management grew to 78.1 EH/s, including its massive self-mining fleet and hosted machines.
To help fund its recent infrastructure investments, Riot Platforms has been selling off the bitcoin on its balance sheet.
TeraWulf shares slid in pre-market trading after upsizing its equity raise to $900 million to fund an AI data center campus.
Bitcoin climbed above $76,100 to a two-month high, while U.S. equities recovered most of their losses tied to the conflict in Iran.
The bitcoin miner earned $222,012 in subsidy and fees for mining block 944,306 using CKpool in a solo mining configuration.
Other major bitcoin miners have been selling their BTC holdings amid a broader shift toward AI and HPC infrastructure.
Bitfarms is pivoting into a landlord model where it looks to lease data center capacity to hyperscalers and large AI customers.
Onchain analysts noted that the recipient address had previously transferred bitcoin to investment manager Galaxy Digital.
ABTC's Satoshis-per-share metric has more than doubled since its debut, even as the stock has continued to move in the opposite direction.
Providing support to the AI industry has widely become more attractive for bitcoin miners as mining has become less profitable.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Head of Research James Butterfill said some listed bitcoin miners could derive as much as 70% of revenue from AI by the end of 2026.
Cipher is increasingly leaning on debt-backed, flexible financing rather than equity issuance as it scales out its AI infrastructure.
Hut 8 is trying to position itself less as a miner and more as an energy infrastructure player, with power allocation driving returns.