Keel Infrastructure has ceased all Bitcoin mining operations in the U.S. to repurpose its sites for artificial intelligence (AI) and high-performance computing (HPC) data centers. This transition caused Q2 revenue to drop 50% year-over-year to $30.4 million, with a net loss of $65 million, reflecting lower Bitcoin prices and mining activity. The company sold 1,085 BTC for $75 million and plans to liquidate its Bitcoin holdings entirely in 2026. While U.S. HPC data centers have not yet generated revenue, Keel is actively negotiating with potential tenants and progressing with permits, aiming to convert its former mining infrastructure into AI-focused facilities. Keel continues Bitcoin mining in Canada but is also pursuing HPC conversions there.
Restaurant Brands International (QSR) has been upgraded to a buy rating due to Burger King's successful turnaround, which has driven market share gains over McDonald's. Burger King posted an 8.5% comparable sales growth aided by the effective 'Reclai...
Bitcoin fell to around $63,900 after crude oil prices jumped nearly 5% due to Iran rejecting direct U.S. talks and setting conditions for reopening the Strait of Hormuz. This geopolitical tension pushed investors toward safer assets like the U.S. dol...
XRP's price has dropped over 65% from its January high, with weekly ETF inflows collapsing 93% to just $1.01 million. Despite this, large holders are accumulating more than 10 million XRP daily, signaling strong whale interest. The upcoming September...
Pi Network's Protocol 26 upgrade requires all 421,000 node operators to update by August 11, 2026, or face disconnection from the mainnet. This upgrade improves contract security and cryptographic functions, setting the stage for the final Protocol 2...
Arthur Hayes, BitMEX co-founder, suggests that Japan's use of the Federal Reserve's FIMA repo facility to support the yen could increase dollar liquidity temporarily, benefiting Bitcoin, Ether, and gold prices. Japan coordinated a yen intervention wi...
