Bitdeer has started building a $36 million manufacturing facility in Sparks, Nevada, its first U.S. site, expected to produce up to 10,000 SEALMINER mining rigs per month by the end of 2026. This move supports Bitdeer's strategy to improve supply chain resilience and reduce reliance on external suppliers amid tough Bitcoin mining conditions caused by low hash prices and the 2024 halving. The factory will create about 70 local jobs and complement Bitdeer's existing U.S. data centers and innovation hub. Despite challenging market conditions, Bitdeer reported strong mining performance in May, mining 921 Bitcoin with a self-mining hashrate of 70.2 EH/s, and is expanding into AI cloud services and advanced mining hardware like hydro-cooled rigs.
AI/R, a technology company specializing in agentic AI, has joined Anthropic's Claude Partner Network Services Track. This partnership enhances AI/R's ability to develop AI solutions that improve operational efficiency and decision-making in complex b...
Bitcoin fell below $63,000, hitting a 10-day low following Coinbase's Q2 revenue miss and the stalled Clarity Act in the Senate. Coinbase reported $1.22 billion in revenue, down 19% year-over-year, missing estimates and posting a $359.5 million net l...
Pump.fun, a Solana-based memecoin launchpad, is under scrutiny after over 40 former employees claimed layoffs without full token compensation. The company restructured in April due to rapid growth, offering severance but allegedly withholding valuabl...
The Convergence Long/Short Equity ETF (CLSE) has delivered a strong performance since its conversion into an ETF, achieving an annualized active return of 7.15% against the IWV benchmark. It has outperformed major ETFs like IVV, IWV, and QQQ year-to-...
The XRP Ledger is set to release its 3.3.0 software upgrade, introducing key features like native privacy for tokens, batch transaction processing, permission delegation, sponsored fees, and dynamic token properties. These improvements aim to enhance...
