In June, Bitcoin production fell for mining firms CleanSpark, BitFuFu, and Canaan due to internal operational issues and maintenance work. CleanSpark mined 614 BTC, down from 671 BTC in May, citing scheduled maintenance as a key factor. BitFuFu's output dropped 29% to 125 BTC, despite expanding its mining fleet. Canaan's production also declined by 29% to 64 BTC, affected by electrical grid maintenance and recovery from wildfire disruptions. Despite lower mining volumes, CleanSpark's shares rose 7.7% following a major AI data center lease deal, while BitFuFu shares gained 6% and Canaan shares fell 1.5%. The sector also saw a 10% drop in Bitcoin network difficulty mid-month, which generally aids mining efficiency but was offset by local issues. Investors will watch BitFuFu's upcoming supply contracts in August for further developments.
Clearfield cut its FY2026 guidance because of delays in broadband projects linked to slow government BEAD program rollout and fiber supply constraints. However, the company secured a $22 million order for hyperscale data centers, validating its growt...
Charles Schwab is expanding its Schwab Crypto platform by adding Solana, Avalanche, and Chainlink to its existing Bitcoin and Ethereum offerings. This move aims to provide investors with more options to build diverse digital asset portfolios while le...
Bitcoin traded near $79,771 after reaching an intraday high of $81,280 but failed to break decisively above the $82,000 resistance level. Veteran trader Peter Brandt disclosed a long Bitcoin position following a bullish inverse head-and-shoulders bre...
The HYPE token reached a new all-time high of $84.80 after a 40% weekly gain and breaking the $77 resistance. Hyperliquid Strategies increased its holdings to 29.3 million HYPE tokens following a $646.6 million capital raise. The company activated an...
Xiaomi will invest $29 billion in research and development between 2026 and 2030, prioritizing advancements in custom artificial intelligence, chips, and operating systems. This investment aims to strengthen its Human x Car x Home ecosystem and boost...
