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Bitcoin mining faces first hashrate bear market as AI shifts power use away from miners.

Market News
02 Sep 2026
Bitcoin
View Source
Neutral
pluang ai news

Bitcoin is experiencing its first sustained bear market in network hashrate, according to Twenty One Capital CEO Rapha Zagury. The hashrate peaked near 1.3 zettahashes per second late last year but has since declined, marking the longest period below a record without recovery. This decline is driven by artificial intelligence (AI) and high-performance computing companies increasingly using mining infrastructure for their own power and data needs. Major miners like Keel Infrastructure and Bitdeer are pivoting to AI contracts, which offer more stable returns. For miners who continue focusing on bitcoin, reduced competition could improve profitability by capturing a larger share of bitcoin production.

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Galiano Gold leads gold miners with 24.38% ROIC, doubling its capital costs and beating peers.

Galiano Gold leads gold miners with 24.38% ROIC, doubling its capital costs and beating peers.

Galiano Gold Inc. stands out in the gold mining sector with a Return on Invested Capital (ROIC) of 24.38%, nearly double its Weighted Average Cost of Capital (WACC) of 12.23%. This strong capital efficiency indicates the company is creating significa...

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Bullish
1 hour ago
PHINIA CEO sells 27,860 shares; company shows solid financial health with P/E of 19.32

PHINIA CEO sells 27,860 shares; company shows solid financial health with P/E of 19.32

PHINIA's CEO Ericson Brady D sold 27,860 shares in two transactions, reducing his holdings to 330,497 shares. The company, a key automotive parts supplier, has a Price-to-Earnings ratio of 19.32 and an earnings yield of 5.21%, indicating steady inves...

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Neutral
3 hours ago
Rezolve AI cuts price target despite 1,970% revenue surge in H1 2026

Rezolve AI cuts price target despite 1,970% revenue surge in H1 2026

Rezolve AI reported a massive 1,970% revenue increase to $130.8 million in H1 2026 but saw its net loss widen to $139.5 million. Roth Capital lowered the price target from $9.50 to $6.50 while keeping a Buy rating, reflecting confidence despite losse...

Market News
Neutral
4 hours ago
Sprinklr beats Q2 earnings estimates with strong subscription growth despite slight revenue miss

Sprinklr beats Q2 earnings estimates with strong subscription growth despite slight revenue miss

Sprinklr reported Q2 2027 earnings per share of $0.11, beating analyst estimates by 10%, continuing a four-quarter streak of profit outperformance. Although total revenue of $213.74 million slightly missed the $214.45 million estimate, it still grew ...

Company Fundamentals
Bullish
4 hours ago
Argan, Inc. readies Q3 earnings with strong backlog and prior quarter beat expectations

Argan, Inc. readies Q3 earnings with strong backlog and prior quarter beat expectations

Argan, Inc. is set to release its Q3 earnings with analysts expecting an EPS of $2.64 and revenue of $300.53 million. The company recently exceeded earnings and revenue estimates by 42.7% and 15.2%, driven by strong demand in power services. With a $...

Company Fundamentals
Bullish
4 hours ago
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