In a decisive strategic shift, publicly traded Bitcoin miner Bitfarms is severing its ties with cryptocurrency to become Keel Infrastructure, a developer of high-performance computing and artificial intelligence data centers. The company’s planned move from Canada to the United States, pending a March 20 shareholder vote, has already catalyzed a 27% surge in its stock price, reflecting investor optimism for its pivot toward the burgeoning AI infrastructure sector.
about Bitfarms Rebrands to Keel Infrastructure, Shifts from Bitcoin to AIHut 8
0 in Finance and 1 in Crypto last weekRiot Platforms Sells $200M in Bitcoin to Fund AI Data Center Pivot
Publicly traded Bitcoin miner Riot Platforms has executed a significant strategic shift, selling 2,201 BTC in late 2024 to generate nearly $200 million in net proceeds. This move, which marks a reversal from the firm’s 2023 strategy of accumulating Bitcoin, is widely interpreted as funding its pivot toward artificial intelligence infrastructure. Riot is now part of a growing cohort of crypto miners diversifying into AI and high-performance computing data centers, leveraging their existing power portfolios for a new technological frontier.
about Riot Platforms Sells $200M in Bitcoin to Fund AI Data Center PivotHut 8 Signs $7B AI Data Center Deal with Google Backstop
In a landmark strategic shift, Bitcoin mining company Hut 8 has secured a transformative 15-year, $7 billion agreement to provide artificial intelligence data center capacity, with Google providing a crucial financial guarantee. The deal, one of the largest of its kind between a crypto-native firm and the hyperscale AI sector, anchors Hut 8’s pivot from volatile digital asset mining toward long-duration infrastructure revenue, leveraging its core expertise in managing power-intensive operations.
about Hut 8 Signs $7B AI Data Center Deal with Google BackstopBitcoin Supply Concentrates: 30% Held by Institutions, ETFs, Governments
New data from Glassnode reveals a fundamental shift in Bitcoin’s ownership structure, with nearly one-third of its circulating supply now concentrated in the hands of large institutions, governments, and exchange-traded funds. This growing consolidation, totaling approximately 5.94 million BTC, is reshaping market dynamics and diminishing the influence of retail investors. Despite recent price volatility that saw Bitcoin slip below $90,000, major institutional players continue to demonstrate strong conviction through strategic acquisitions and sustained market positions.
about Bitcoin Supply Concentrates: 30% Held by Institutions, ETFs, GovernmentsBitcoin Miners Lead Corporate Adoption as Treasury Buys Slow
Bitcoin mining giants Marathon Digital Holdings, Riot Platforms, and Hut 8 have secured positions among the top ten public companies holding Bitcoin, according to data from BitcoinTreasuries.NET. As corporate treasury purchases of the cryptocurrency are projected to hit their lowest quarterly level since Q3 2024, these miners are emerging as the new anchor for public-market Bitcoin holdings, leveraging their unique ability to acquire BTC at below-market costs to potentially shape the future of corporate adoption.
about Bitcoin Miners Lead Corporate Adoption as Treasury Buys SlowBitcoin-Buying Firms Face Unrealized Losses as Prices Dip
A stark new report reveals that a majority of companies holding Bitcoin are now sitting on significant unrealized losses as the cryptocurrency hovers around $90,000. Despite a net addition of 10,750 Bitcoin to corporate treasuries last month, the data from Bitcoin Treasuries shows a dramatic cooling in new purchases, with only 28 firms disclosing buys in November. This trend underscores growing pressure on corporate balance sheets and signals a potential strategic rethink for firms that aggressively entered the crypto market at elevated prices.
about Bitcoin-Buying Firms Face Unrealized Losses as Prices DipBitcoin Mining Stocks Plunge 20-50% Amid BTC Pullback
Major Bitcoin mining stocks suffered devastating losses this week, plummeting 20-50% as the sector dramatically underperformed Bitcoin’s modest pullback. Publicly traded miners saw billions in market value evaporate during the five-day trading period, with nearly every significant mining company posting double-digit declines that highlight the sector’s heightened volatility and amplified risk profile compared to the underlying cryptocurrency.
about Bitcoin Mining Stocks Plunge 20-50% Amid BTC PullbackBitcoin Drops to $96K as Whales Sell $290M in BTC
Bitcoin plunged to $96,000 on Friday amid heavy selling pressure and declining risk appetite, wiping out over $700 million in long positions and leaving November down more than 10%. The dramatic drop has traders and analysts questioning whether this represents normal profit-taking or a more significant market turning point as major holders move substantial amounts to exchanges and institutional selling intensifies.
about Bitcoin Drops to $96K as Whales Sell $290M in BTCTrump-Backed Bitcoin Miner Expands Treasury to 4,004 BTC
American Bitcoin (ABTC), the Nasdaq-listed mining company backed by Eric Trump and Donald Trump Jr., has significantly expanded its Bitcoin holdings to 4,004 BTC worth approximately $415 million, positioning itself as the 25th largest Bitcoin treasury globally. This strategic accumulation comes through a dual approach of mining operations and disciplined market purchases, even as Bitcoin faces an 18% decline from its October peak above $126,000.
about Trump-Backed Bitcoin Miner Expands Treasury to 4,004 BTCTeraWulf Expands AI Partnership, Stock Soars 17%
Bitcoin miner TeraWulf defied sector-wide declines with a nearly 17% stock surge on Tuesday, propelled by its expanded artificial intelligence partnership with Fluidstack in a Google-backed joint venture. The Nasdaq-listed company announced plans to develop 168 megawatts of critical IT infrastructure in Texas, securing a 51% majority stake in a 25-year hosting commitment. This strategic pivot toward AI computing represents a growing trend among Bitcoin miners seeking alternative revenue streams as mining economics become increasingly challenging following last year’s halving event.
about TeraWulf Expands AI Partnership, Stock Soars 17%American Bitcoin Adds 1,414 BTC to $446M Treasury Holdings
American Bitcoin (ABTC) has dramatically expanded its cryptocurrency reserves, acquiring 1,414 Bitcoin worth $163 million through strategic purchases and mining operations. The publicly traded company, backed by Eric Trump and Donald Trump Jr., now holds 3,865 Bitcoin valued at approximately $446 million, signaling continued institutional confidence despite Bitcoin trading below its August peak of $125,000. This aggressive accumulation strategy highlights the growing trend of corporate Bitcoin treasuries and ABTC’s unique hybrid model that combines mining with strategic acquisitions.
about American Bitcoin Adds 1,414 BTC to $446M Treasury HoldingsJane Street Buys Bitcoin Mining Stocks, Shares Rally
Leading Bitcoin mining stocks surged after trading giant Jane Street disclosed significant positions in three major mining companies. The investments sparked a rally that extended through Friday, building on months of gains in the crypto mining sector. Regulatory filings revealed Jane Street now holds substantial passive stakes in Bitfarms, Cipher Mining, and Hut 8, triggering immediate stock price increases ranging from 8% to 13% on Thursday with continued momentum into Friday’s trading session.
about Jane Street Buys Bitcoin Mining Stocks, Shares Rally