Core Scientific announced it will fully exit Bitcoin mining by the end of 2026, shifting its business focus to high-density colocation (HDC) services that support AI and high-performance computing workloads. The company's Q3 2026 results showed strong growth in colocation revenue, which surged nearly 60% quarter-over-quarter to $215.4 million, driving total revenue to $232.9 million. Despite declining mining revenues, Core Scientific reported a net income of $1.178 billion and improved profitability metrics. This transition began in 2024 with hosting agreements and reflects a broader industry trend of Bitcoin miners pivoting towards AI infrastructure amid challenges in mining profitability.
Core Scientific's Q3 revenue reached $233 million as it plans to exit Bitcoin mining by 2026. For readers following the cryptocurrency market, here is Pluang's snapshot as of Nov 06, 2026 20:21 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include EOS at Rp12.649 with an 8.13% increase and Bitcoin Cash at Rp4.815.470 with an 8.00% decrease, while Filecoin dropped 6.81% to Rp14.639.
Nexans has signed a subcontract to deliver a 420 km mass-impregnated 110 kV cable system for the 1 GW, 320 kV Corinth-Kos HVDC interconnection in Greece. This project, awarded to Hellenic Cables and partners, will connect the Dodecanese islands to ma...
Guggenheim analyst Howard Ma raised JFrog's price target to $125, signaling a 67.5% potential upside from its current price of $74.62. JFrog reported strong Q3 2026 results with revenue up 31% year-over-year to $179.2 million, driven by a 60% surge i...
The Indonesia data center market is projected to grow from USD 2.08 billion in 2027 to USD 4.05 billion by 2032, at a CAGR of 14.28%. Growth is fueled by expanding hyperscaler cloud infrastructure, rising digital workloads, increasing demand for colo...
The New York Stock Exchange (NYSE) shared a pre-market update highlighting Algolia's AI solutions for Orange Group's customer support across 26 countries, emphasizing regulated AI governance. The third edition of the Exceptional 100 list was released...
Sky Prime Agent Grove’s Basin successfully converted 89,170 tokenized Treasury bills (JTRSY) into $100,000 in USDC stablecoins. This service is designed to help holders of tokenized Treasury bills access stablecoins while waiting for Treasury settlem...
