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
MARA
Crypto Stocks Rebound as Bitcoin Stabilizes After 14% Drop
Major cryptocurrency-related equities staged a powerful recovery on Friday as Bitcoin’s price found footing around $69,500, stabilizing after a 14% plunge the previous day. Companies like MicroStrategy, BitMine Immersion Technologies, and Coinbase posted double-digit gains, highlighting the complex relationship between underlying crypto volatility, corporate treasuries, and stock performance. Despite significant unrealized losses on their substantial digital asset holdings, investor optimism for these firms’ strategic positions fueled the rally.
about Crypto Stocks Rebound as Bitcoin Stabilizes After 14% DropWinter 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 PlummetsRiot 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 PivotCrypto Stocks Plunge as ARK Buys Bullish Dip
Cryptocurrency-related stocks suffered heavy losses on Monday as the sector’s downturn deepened. Meanwhile, Cathie Wood’s ARK Invest seized the opportunity to significantly increase its stake in struggling crypto exchange Bullish, purchasing over $10 million in shares as the stock hit record lows.
about Crypto Stocks Plunge as ARK Buys Bullish DipBitcoin 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 BTCBitdeer Stock Plunges 20% After Q3 $267M Loss
Bitcoin miner Bitdeer Technology Group saw its stock plummet 20% on Monday following disappointing third-quarter results that revealed a net loss of $266.7 million, representing a staggering 422% decline from the previous year. Despite nearly tripling its revenue to $169.7 million and beating analyst expectations, the company’s loss per share of -$1.28 significantly missed estimates, triggering the sharp selloff that erased gains made over the previous month.
about Bitdeer Stock Plunges 20% After Q3 $267M LossCrypto Stocks Plunge Amid Macroeconomic Uncertainty
Crypto-related stocks suffered dramatic losses as macroeconomic headwinds overwhelmed positive company-specific news, with Robinhood shares dropping over 9% just one day after reporting strong Q3 earnings. Bitcoin fell below $101,000 before a partial recovery, while major crypto stocks including Coinbase and Galaxy Digital tumbled amid the worst government shutdown in U.S. history and deteriorating economic indicators that have sapped investor confidence in risk-on assets.
about Crypto Stocks Plunge Amid Macroeconomic UncertaintyTexas Bitcoin Mining Noise Protest Fails in Municipal Vote
A three-year community battle against Bitcoin mining noise in Hood County, Texas, has ended in defeat as residents failed to secure the municipal authority needed to regulate operations at a nearby MARA facility. The proposal to create the tiny municipality of ‘Mitchell Bend’ received only 38% support from local voters, leaving approximately 600 residents without the regulatory tools to address what they describe as disruptive noise from 60,000 Bitcoin mining machines operating in their community.
about Texas Bitcoin Mining Noise Protest Fails in Municipal VoteBitcoin 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 PlungeBitcoin 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 PivotTeraWulf 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%