Facing compressed margins after the Bitcoin halving, major mining firms are aggressively diversifying into AI infrastructure to hedge against crypto volatility. This strategic shift from pure hashrate accumulation to high-performance computing services marks a fundamental sector transformation. Concurrently, the search for tangible utility at the application layer is fueling projects like SUBBD Token, which leverages the AI-Web3 convergence to disrupt the $85 billion creator economy with decentralized monetization tools and a 20% staking APY.
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Bitcoin Miners IREN, CleanSpark Shares Plunge on Earnings Miss
Shares of publicly traded Bitcoin miners IREN and CleanSpark tumbled sharply after both companies posted disappointing quarterly results. The declines coincided with a broader selloff in cryptocurrency markets, amplifying investor concerns over earnings volatility and balance-sheet risks. Both firms highlighted strategic pivots toward AI infrastructure despite near-term financial pressures.
about Bitcoin Miners IREN, CleanSpark Shares Plunge on Earnings MissBitcoin 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 PriceWinter Storm Halts 40% of Bitcoin Mining, Hashrate Plummets
A severe winter storm across the United States forced Bitcoin miners to dramatically scale back operations to relieve pressure on local power grids. The network’s total hashrate temporarily dropped to a seven-month low, removing nearly 40% of global mining capacity. Major mining firms reported sharp declines in daily Bitcoin production as they voluntarily curtailed operations, highlighting the industry’s vulnerability to regional climate events and its emerging role as a flexible grid resource.
about Winter Storm Halts 40% of Bitcoin Mining, Hashrate PlummetsIREN Shares Rebound 7% After $3.6B Capital Raise Announcement
Shares of Bitcoin miner IREN surged nearly 7% on Wednesday, staging a partial recovery from a steep sell-off triggered by its announcement of a massive $3.6 billion capital raise. The rebound signals investor reassessment of the company’s ambitious plan to pivot its computing infrastructure toward the booming artificial intelligence sector, despite initial concerns over shareholder dilution.
about IREN Shares Rebound 7% After $3.6B Capital Raise AnnouncementBitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit Plunge
Bitcoin mining profitability has collapsed to two-year lows as record network difficulty and vanishing fees create an industry crisis. The sector is rapidly dividing between traditional miners facing existential threats and those successfully pivoting to AI infrastructure services, with hashprice dropping 19% in just one month to $42.14 per terahash per day despite Bitcoin trading around $101,500. This structural shift is fundamentally rewriting the business model for cryptocurrency mining operations worldwide, creating a stark divide between those riding out Bitcoin’s hardest math problem and those rewriting it entirely through AI.
about Bitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit PlungeIREN Soars on Microsoft AI Deal, Bernstein Ups Target to $125
Australian Bitcoin miner IREN has secured a transformative $9.7 billion cloud services agreement with Microsoft, triggering a significant stock upgrade from Bernstein analysts who nearly doubled their price target to $125. The five-year deal, which will provide Microsoft access to Nvidia’s advanced GB300 GPUs, underscores how cryptocurrency miners are leveraging their substantial power infrastructure to capitalize on the booming artificial intelligence sector, marking a strategic pivot that could redefine their business models.
about IREN Soars on Microsoft AI Deal, Bernstein Ups Target to $125Tesla Pay Package Vote, Palantir Slips, AMD Pre-Earnings Dip
Significant market movements are underway as one of Tesla’s largest shareholders announces plans to vote against Elon Musk’s massive pay package, creating uncertainty around the company’s governance. Palantir shares are falling despite an earnings beat, while AMD declines ahead of its own financial results. Infrastructure stocks like IREN, CIFR, LUMN, and AMKR are reversing yesterday’s gains with substantial pre-market losses, and Beyond Meat plunges after delaying its earnings report, indicating broader market volatility across multiple sectors.
about Tesla Pay Package Vote, Palantir Slips, AMD Pre-Earnings DipCrypto Miners Land $15B AI Deals with Amazon, Microsoft
Bitcoin mining companies are executing a dramatic strategic pivot toward artificial intelligence infrastructure, securing landmark partnerships worth over $15 billion with technology titans Amazon and Microsoft. Cipher Mining surged 32% after announcing a $5.5 billion AWS agreement, while fellow miner IREN secured a $9.7 billion Microsoft contract for GPU cloud services, signaling a fundamental industry transformation as crypto miners leverage their infrastructure for high-demand AI computing.
about Crypto Miners Land $15B AI Deals with Amazon, MicrosoftIREN’s $9.7B Microsoft Deal Fuels AI Compute Rush
Former Bitcoin miner IREN has secured a massive $9.7 billion deal with Microsoft, sending its stock soaring nearly 21% as the AI compute race intensifies. The agreement gives Microsoft access to Nvidia’s cutting-edge GB300 GPUs and marks the latest in a series of partnerships between tech giants and crypto infrastructure providers pivoting to artificial intelligence workloads. This landmark deal validates the strategic repositioning of companies that once focused exclusively on cryptocurrency mining toward the booming AI cloud computing sector.
about IREN's $9.7B Microsoft Deal Fuels AI Compute RushIREN’s $9.7B Microsoft Deal Shifts Bitcoin Miners to AI
Bitcoin mining company IREN has signed a groundbreaking $9.7 billion agreement with Microsoft to provide GPU cloud services, signaling a major strategic pivot for cryptocurrency miners. The five-year contract represents one of the largest AI infrastructure deals in the industry. This move highlights how Bitcoin miners are adapting to capitalize on the booming demand for artificial intelligence computing power.
about IREN's $9.7B Microsoft Deal Shifts Bitcoin Miners to AIBitcoin Miners Raise $11B in Convertible Debt for AI Pivot
The Bitcoin mining industry is undergoing a fundamental transformation, leveraging convertible debt markets to finance its expensive transition into AI data center operations. Following the April 2024 halving that reduced block rewards by 50%, miners have completed 18 convertible bond deals totaling $11 billion. Major players including MARA, Cipher Mining, IREN and TeraWulf have each raised $1 billion through single bond issues, with average deal sizes more than doubling. Notably, some offerings feature 0% coupons, indicating investor confidence in equity conversion potential rather than immediate interest returns.
about Bitcoin Miners Raise $11B in Convertible Debt for AI Pivot