Bitcoin miners are transitioning from cryptocurrency mining to powering AI data centers, capitalizing on their existing infrastructure like power contracts and cooling systems. AI data centers generate about $25 per kilowatt-hour in revenue, vastly outperforming Bitcoin mining's $1 per kilowatt-hour, prompting miners to pursue over $70 billion in AI contracts. This shift could see AI-related revenue rise to 70% of total miner income by the end of 2026, marking a significant structural change. Miners gain operational flexibility by toggling between AI workloads and Bitcoin mining based on market conditions, reducing investment risk and tapping into the booming demand for AI compute power.
Silver Elephant Mining Corp. announced that all resolutions at its September 25, 2026 Annual General Meeting were approved by shareholders. This included setting the number of directors at four and electing all nominated directors with over 96% appro...
Tom Lee, co-founder of Fundstrat Global Advisors, highlighted Ethereum's recent outperformance against traditional macro assets, suggesting that institutional investors might increase their Ethereum holdings later in 2026. This view frames Ethereum's...
RideNow Group has secured a $220 million senior secured term loan with Centerbridge Partners, extending its debt maturity to September 2031. This refinancing replaces its previous loan with Oaktree Fund Administration, reducing near-term debt risks a...
Levi Strauss shares have fallen about 7% in the last month ahead of its Q3 earnings report scheduled for October 7. This pullback follows a strong second quarter where the company raised its guidance, suggesting solid performance. Currently, the stoc...
SpaceX successfully launched its Starship rocket into Earth orbit for the first time, overcoming the loss of one of its six Raptor engines shortly after upper stage separation. Initially, the company paused the orbit attempt but then resumed, marking...
