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 AI
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Hut 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 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 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%Jane 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 RallyBitcoin Miners Rally After Trump Trade War Confusion
Bitcoin mining stocks staged a remarkable recovery on Monday, erasing losses from Friday’s flash crash that was triggered by former President Donald Trump’s misinterpretation of China’s new export controls. The swift rebound saw leading miners like Bitfarms and Cipher Mining post double-digit gains as markets corrected what analysts described as an overreaction to Trump’s initial tariff announcement, which he later walked back after realizing his misunderstanding of the Chinese trade measures.
about Bitcoin Miners Rally After Trump Trade War ConfusionCleanSpark Secures $100M Bitcoin-Backed Credit Line from Coinbase
Bitcoin miner CleanSpark has secured a new $100 million credit facility from Coinbase Prime, backed by its substantial Bitcoin holdings. The financing strategy aims to fund expansion without diluting shareholder equity, positioning the company differently from peers who often rely on equity issuance. This move comes as mining operators face increasing pressure from record network difficulty, low transaction fees, and rising operational costs that are squeezing industry margins.
about CleanSpark Secures $100M Bitcoin-Backed Credit Line from CoinbaseBitcoin Miners Hit Record $39B Market Cap Amid AI Pivot
JP Morgan analysts report that 13 U.S.-listed Bitcoin miners achieved a record $39 billion market cap in August as major players expand into high-performance computing for artificial intelligence. This diversification strategy responds to declining mining profitability caused by increased network difficulty, higher operational costs, and reduced block rewards following April 2024’s halving event. While Bitcoin mining has become less profitable despite price increases, the transition to AI data centers requires significant infrastructure upgrades, including more complex HVAC systems. Companies like Hut 8 are developing gigawatt-scale facilities for non-mining purposes, while others like Hive Digital Technologies are adopting dual business models to capture value from both cryptocurrency mining and computing services.
about Bitcoin Miners Hit Record $39B Market Cap Amid AI PivotTrump-Backed Bitcoin Miner to List on Nasdaq in September
American Bitcoin, a mining company 80% owned by Hut 8 and 20% by the Trump brothers, is preparing for a Nasdaq listing in September through a merger with Gryphon Digital Mining. The deal will leave current shareholders with approximately 98% of the combined entity. The company recently raised $220 million from accredited investors plus $10 million in Bitcoin to expand mining operations and strengthen reserves. Hut 8’s CEO indicated potential international partnerships to offer Bitcoin exposure in markets where direct crypto access is limited. This listing occurs as the Trump family expands its crypto footprint, including recent ETF and joint venture announcements through Trump Media and Technology Group.
about Trump-Backed Bitcoin Miner to List on Nasdaq in SeptemberAmerican Bitcoin Targets Nasdaq Debut in September
American Bitcoin is set to go public on Nasdaq in September under ticker ABTC, as confirmed by Hut 8 CEO Asher Genoot. The company is 80% owned by Hut 8, with Eric and Donald Trump Jr. holding 19%. It currently possesses 215 Bitcoin valued at approximately $24 million and aims to scale into one of the nation’s top miners. The listing comes amid a crypto-friendly regulatory shift and follows investments from the Winklevoss twins, who used Bitcoin for their stake. Hut 8, which holds over 10,600 BTC, recently raised $220 million to expand mining operations, including a new presence in Dubai.
about American Bitcoin Targets Nasdaq Debut in SeptemberMetaplanet Buys $108M in Bitcoin, Now 5th Largest Holder
Metaplanet has significantly expanded its Bitcoin portfolio by purchasing 1,005 BTC for approximately $108 million, bringing its total holdings to 13,350 BTC. This move positions the Japanese firm as the fifth-largest corporate Bitcoin holder, surpassing CleanSpark (12,502 BTC) and Tesla. The company also issued $208 million in 0% bonds to finance future Bitcoin acquisitions, signaling a strong commitment to crypto investment. The purchase highlights the growing trend of corporations diversifying into digital assets as a hedge against inflation and currency risks.
about Metaplanet Buys $108M in Bitcoin, Now 5th Largest HolderBitcoin Miners Hoard Cryptocurrency Amid Growing Competition and Market Trends
Major Bitcoin miners, including Marathon Digital Holdings and Riot Platforms, are hoarding significant amounts of BTC, likely in anticipation of future profitability and competition. This trend reflects a strategic choice to maximize future earnings, especially with the upcoming halving event. Meanwhile, Petrobras is entering the Bitcoin mining space, indicating growing interest from energy firms in cryptocurrency.
about Bitcoin Miners Hoard Cryptocurrency Amid Growing Competition and Market Trends