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.
ChowChow Cloud International Holdings Limited announced that its previously planned private placement of 862,069 shares at $0.58 each, totaling $500,000, has not closed because the investor has not paid the full amount. The company has informed the i...
Brown & Brown, Inc. announced a 9% increase in its quarterly cash dividend to $0.18 per share, payable on November 11, 2026, to shareholders of record as of November 4, 2026. This marks the company's 33rd consecutive year of dividend increases, refle...
Axe Compute Inc. announced that its Compensation Committee approved stock option grants totaling 100,000 shares to three newly hired non-executive employees as inducements for joining the company. The options were granted on October 15, 2026, with an...
StorageVault Canada Inc. announced a 9.0% increase in year-to-date revenue and an 8.7% rise in net operating income (NOI) for Q3 2026, with adjusted funds from operations (AFFO) up 7.8%. Despite a challenging economic environment, strong customer dem...
National Healthcare Properties (NHP) announced that Lindsay Gordon, its Executive Vice President and Head of Senior Housing, has been elected to the executive board of the American Senior Housing Association (ASHA). ASHA is a leading national organiz...
