In the first half of 2026, public Bitcoin miners lost about 75 EH/s of mining power, equating to roughly $1.5 billion in hardware investment. This reduction reflects a shift of resources from Bitcoin mining to AI infrastructure, causing significant asset impairments and markdowns, notably by companies like IREN and Core Scientific. The transition raises financial challenges, including recovering value from displaced mining equipment and securing funding amid tighter lending conditions. The broader impact includes regulatory scrutiny and increased costs, making the AI pivot a costly but potentially necessary evolution for mining operators.
Bitcoin's hardware shift is notable as of Oct 04, 2026 15:51 WIB. For readers following major cryptocurrencies, here is Pluang's market snapshot: out of 50 priced assets, 43 rose and 6 fell today. Among movers, AXS (Axie Infinity) rose 12.47% to Rp24.871 with a typical hold time of 62 days, BAL (Balancer) gained 11.14% to Rp16.297 with an 85-day hold, while ONE (Harmony) dropped 9.21% to Rp43 with a 152-day hold. The most notable figure is AXS's 12.47% gain.
Mary Ellen Adcock, Executive Vice President of Kroger, sold 72,901 shares of the company, generating $4.4 million from the transaction. This significant sale could indicate a personal financial decision or a strategic move, but it may raise questions...
Bitcoin analyst Darkfost notes that Bitcoin's price fluctuations around its power-law trend line are gradually decreasing as market cycles converge. As of October 3, the model's indicator was +34.5, with Bitcoin priced around $84,700. The model sugge...
Federal Realty Investment Trust (FRT) receives a Buy rating due to its attractive valuation and strong margin of safety. The REIT has a diversified portfolio mainly in retail, with solid occupancy and high rent spreads, supporting durable demand and ...
Ether (ETH), the cryptocurrency with the second-largest market capitalization, rose above $2,700 to $2,706 on Binance spot trading as of 5:01 p.m. ET on October 4. This price increase reflects a 0.38% gain over the previous hour, showing positive mom...
A $3.4 million short position in Ether (ETH) was liquidated on Binance perpetual futures at 4:57 a.m. ET on October 4, with the liquidation price recorded at $2,703. This event reflects a single liquidation captured in Binance’s public data, involvin...
