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 AIRiot Platforms
0 in Finance and 2 in Crypto last weekBitcoin Plunge Tests Mining Economics as Costs Vary Widely
Bitcoin’s sharp decline below $63,000 has pushed its price perilously close to—and in some cases below—the estimated cost of mining the cryptocurrency. The sell-off triggered over $2 billion in liquidations, raising concerns about miner profitability as production costs vary dramatically across the industry. Analysts caution that widely shared mining cost estimates may be misleading, with real expenses depending heavily on energy deals and operational efficiency.
about Bitcoin Plunge Tests Mining Economics as Costs Vary WidelyMicroStrategy Buys Bitcoin Amid Market Sell-Off, Shares Plummet
MicroStrategy, the enterprise software firm turned Bitcoin behemoth, is doubling down on its crypto strategy amid a punishing market downturn. The company disclosed a $75.3 million purchase of 855 Bitcoin this week, even as the cryptocurrency’s price slid below its average cost basis, triggering an 8% single-day stock drop. With MSTR shares down 48% in 2025—the worst performance in the Nasdaq 100—the firm’s aggressive accumulation highlights a high-stakes gamble that is testing investor patience as it prepares to report quarterly earnings.
about MicroStrategy Buys Bitcoin Amid Market Sell-Off, Shares PlummetBitcoin Mining Unprofitable in U.S. as Costs Exceed Price
Bitcoin mining has become unprofitable in the United States and several other major countries as the cost to produce one Bitcoin now exceeds its market value. With energy prices varying globally, miners face mounting pressure ahead of the next reward halving. Some operations are pivoting to AI data centers, while others rely on ultra-low electricity rates to stay afloat.
about Bitcoin Mining Unprofitable in U.S. as Costs Exceed PriceRiot 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 PivotBitcoin Bancorp Expands Crypto ATM Network to Texas in 2026
Bitcoin Bancorp, the cryptocurrency ATM operator formerly known as Bullet Blockchain, has announced a significant expansion into Texas, planning to deploy up to 200 machines by the first quarter of 2026. This strategic move places the company alongside established players like Bitcoin Depot and CoinFlip in a state rapidly emerging as a central hub for digital asset activity in the United States. The expansion is driven by Texas’s reputation for business-friendly, pro-innovation regulation and its large population, highlighting a broader trend of institutional and retail crypto adoption converging in the Lone Star State.
about Bitcoin Bancorp Expands Crypto ATM Network to Texas in 2026Bitcoin 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 Plunges 33% in 8 Weeks Amid Tech Sell-Off
The cryptocurrency market is weathering a severe storm as Bitcoin and related stocks extend a nearly two-month decline, mirroring a broader retreat from technology assets. Bitcoin has plummeted 33% from its October record, falling below $85,000, while major industry players like Coinbase Global and mining firms post significant daily losses, signaling deep sector-wide pressure.
about Bitcoin Plunges 33% in 8 Weeks Amid Tech Sell-OffCrypto Stocks Rally as December Rate Cut Odds Hit 87%
Cryptocurrency-linked stocks surged on Friday as prediction markets indicated growing confidence in a December Federal Reserve rate cut, with Bitcoin mining companies leading the rally with double-digit gains. The market movement reflects heightened expectations for looser monetary policy, driving significant increases across the crypto sector including stablecoin issuer Circle and major trading platforms.
about Crypto Stocks Rally as December Rate Cut Odds Hit 87%Bitcoin 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 BTCCleanSpark Upsizes Convertible Notes to $1.15B Amid Stock Slide
Bitcoin miner CleanSpark has increased its convertible notes offering from $1 billion to $1.15 billion while its stock continues to decline, falling approximately 14% over five trading sessions. The company plans to use $460 million to repurchase shares from note investors at $15.03 per share, a move that comes amid broader weakness in cryptocurrency mining stocks and a challenging period for Bitcoin markets.
about CleanSpark Upsizes Convertible Notes to $1.15B Amid Stock Slide