Riot Platforms is accelerating its shift from Bitcoin mining to AI and high-performance computing by doubling its contracted capacity with AMD at its Texas facility to 50MW, with potential to reach 150MW. This expansion is expected to generate $636 million in revenue over the next decade, signaling a strategic move to diversify amid declining Bitcoin mining revenue. The company reported Q1 revenue growth driven by its data center business, improved credit terms, and increased investor confidence, reflected in a 147% stock surge over the past year. Riot is positioning itself for growth in both digital assets and AI infrastructure markets.
Glassnode's latest on-chain analysis reveals that despite recent weak price movements in Bitcoin, patient buyers are steadily accumulating the cryptocurrency. This suggests underlying confidence in Bitcoin's long-term value, even as market prices flu...
Pump.fun, a memecoin launchpad on Solana, has become the leading decentralized exchange by 24-hour trading volume, reaching about $1.77 billion and surpassing major platforms like Uniswap and PancakeSwap. Launched in early 2024, its success accelerat...
Sigenergy has introduced SigenStor Neo, a next-generation all-in-one residential energy storage system enhanced by AI, designed for full home energy autonomy. This system integrates five key components including a photovoltaic inverter, battery, powe...
Lin Hui, President of the Shenzhen Chamber of Commerce, led a delegation to Munich on June 23 to attend The smarter E Europe, a leading European new energy trade fair. The visit focused on strengthening cooperation between Shenzhen and Europe in phot...
Sigenergy has introduced SigenStor Neo, a next-generation all-in-one home energy storage system designed for full energy independence. The system integrates five key components—including PV inverter, battery, and energy management—into a compact unit...
