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Cipher Digital sells 470 BTC to fund $11B AI data center expansion, shifting from crypto mining to AI infrastructure.

Market News
05 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Cipher Digital sold about 471 BTC to finance its transition from Bitcoin mining to AI data center development, reducing its holdings to 646 BTC worth $37.8 million. The company, formerly Cipher Mining, rebranded in early 2026 and is now focusing on building 4.2 GW of high-performance computing capacity with long-term contracts from AWS and Google generating over $11 billion in revenue backlog. This shift leverages existing energy infrastructure from mining to power AI workloads, marking a strategic move from volatile crypto assets to stable, contracted cash flows. Investors should watch execution risks and the pace of further BTC sales as the company fully pivots to AI infrastructure.

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Raddish Kids offers cooking kits to help families reconnect amid back-to-school stress

Raddish Kids offers cooking kits to help families reconnect amid back-to-school stress

As back-to-school routines increase stress for 83% of parents, Raddish Kids provides monthly cooking and baking subscription boxes designed for children ages 4 to 14+. These kits encourage family bonding through shared meal preparation, helping kids ...

Others
Bullish
1 hour ago
Firefly Neuroscience reports 291% rise in brain scan use at TMS centers with AI-powered platform Evoke™

Firefly Neuroscience reports 291% rise in brain scan use at TMS centers with AI-powered platform Evoke™

Firefly Neuroscience announced a 291% year-over-year increase in clinical assessments at Transcranial Magnetic Stimulation (TMS) centers using its FDA-cleared AI-powered EEG/ERP platform, Evoke™. This platform combines qEEG and ERP to provide detaile...

Market News
Bullish
2 hours ago
Stack Capital's Q2 Book Value per Share rises 22% to $20.25, driven by SpaceX IPO and strong portfolio gains.

Stack Capital's Q2 Book Value per Share rises 22% to $20.25, driven by SpaceX IPO and strong portfolio gains.

Stack Capital Group Inc. reported a 22% increase in Book Value per Share to $20.25 for Q2 2026, driven largely by SpaceX's record $75 billion IPO and strong performances from portfolio companies like Fluidstack and X-Energy. The company also invested...

Company Fundamentals
Bullish
2 hours ago
Crown Crafts to report Q1 2027 earnings on August 12, 2026, with a follow-up earnings call.

Crown Crafts to report Q1 2027 earnings on August 12, 2026, with a follow-up earnings call.

Crown Crafts, Inc., a maker of infant and juvenile products, will announce its first quarter fiscal 2027 results on August 12, 2026, after market close. The company's CEO and CFO will host a teleconference at 4:00 p.m. Central Time to discuss the res...

Company Fundamentals
Neutral
3 hours ago
Gildan faces securities fraud probe over alleged revenue inflation via channel stuffing scheme

Gildan faces securities fraud probe over alleged revenue inflation via channel stuffing scheme

Gildan Activewear is under investigation for securities fraud after a report accused the company of inflating revenue through channel stuffing, leading to an 18.75% stock drop on June 16, 2026. The allegations claim Gildan pulled forward sales to boo...

Market News
Bearish
3 hours ago
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