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.
ZenaTech announced a 27.1% organic revenue growth in its Drone as a Service (DaaS) operations in 2026, driven by integrating AI and drones into surveying and inspection workflows. The company expects Q3 2026 revenues between C$13.4 million and C$14.8...
Nvidia CEO Jensen Huang has reaffirmed his long-standing forecast that global spending on AI infrastructure will surge to between $3 trillion and $4 trillion by 2030. This projection highlights the massive growth potential in the AI sector, driven by...
Targa Resources Corp. announced a quarterly cash dividend of $1.25 per common share for Q3 2026, payable on November 17, 2026, to shareholders of record as of October 30, 2026. The company will release its Q3 2026 financial results before market open...
Applied Materials projects sustained demand for its chipmaking equipment driven by AI infrastructure growth, expecting faster spending on wafer fab equipment through 2030. The company aims to increase its market share by over 2 percentage points from...
Gordon Haskett Capital Corporation set a $105 price target for Ollie's Bargain Outlet, suggesting an 18.1% upside from its current price around $89. The company’s board approved an additional $500 million share repurchase authorization, increasing to...
