In the first half of 2026, public Bitcoin miners reduced their realized hashrate by 15%, with much of that computing power redirected to AI data centers. This shift is reflected in a 52% rise in AI and HPC-related revenue among miners transitioning to AI workloads. While AI infrastructure requires heavy upfront investment, its revenue per megawatt-hour far exceeds that of traditional Bitcoin mining, making AI a more lucrative but capital-intensive opportunity. The move highlights a significant industry trend where mining companies diversify into AI cloud services to stabilize and increase income amid volatile crypto markets.
Applied Digital is set to report a fiscal Q1 loss of $0.30 per share on $116.3 million revenue, reflecting ongoing investments in AI and high-performance data centers. The company has expanded its Polaris Forge 1 campus to 250 MW operational capacity...
Investment firm Needham increased its price target for Vaxcyte to $122 from $110 following positive Phase 3 trial results for Vaxcyte's VAX-31 pneumococcal vaccine. The vaccine met all primary endpoints in the OPUS-1 trial, showing noninferiority to ...
GMAB's investigational drug Rina-S demonstrated a 45.9% confirmed response rate in a Phase 1/2 trial for platinum-resistant ovarian cancer, with a median response duration of 12.1 months and median progression-free survival of 9.5 months. Despite ser...
Aptos Labs has proposed an encrypted mempool feature that hides pending trade instructions until transaction ordering is complete, aiming to protect orders from frontrunning and censorship. Tests showed the feature adds 27 milliseconds of latency, ab...
Pacific Booker Minerals Inc. announced a non-brokered private placement to raise up to $10 million by selling 4,273,505 units at $2.34 each. Each unit includes one common share and one warrant to buy another share at $2.75 within 36 months. The funds...
