The site is engineered to ride surplus grid capacity and switch off during peak demand, which is how Fortitude expects direct cash mining cost to fall from ~$70 to ~$40 per ZEC.
The 529 MW anchor, plus 1.9 GW of AMD expansion rights through 2028, repositions Core Scientific as a 2.5 GW AI colocation platform and writes down the rest of its bitcoin mining thesis.
Galaxy is putting $346M into a Texas site that will host CoreWeave compute, while peer miner CleanSpark locked in a 175 MW lease worth $6.6B without yet securing the $2.1B needed to build it.
All-time production but zero retention: when even a low-cost vertically integrated miner dumps the entire monthly haul, the read is that the marginal cost of hashrate still doesn't pencil out at…
The collapse lands as Fidelity argues AI demand is reshaping miner economics, giving hash-power infrastructure a more valuable use than block rewards.
The scale of the Johor crackdown puts electricity access and enforcement risk at the center of Bitcoin mining economics.
Once the largest mining pool on the Bitcoin network with 18-20% of global hashrate, Poolin now owes creditors roughly $173M while a single $52M offer for its West Texas sites is the main recovery on…
Eight named DATs have liquidated or pledged most of their holdings as bitcoin's 50% slump from the 2025 peak forces a sector-wide reset.
With $173M in prepetition obligations and a customer-withdrawal freeze from 2022 still unresolved, the stalking-horse bid opens a court-supervised auction that will set the recovery benchmark for…
The framework turns miners into state fiscal partners: licensed operators route proceeds toward a sovereign digital asset stockpile at a moment when the country still anchors roughly a tenth of…
The reframing matters more than the price target: Benchmark is telling clients Hut 8's AI compute pipeline, not its bitcoin mining hash, is now the lens for valuing the equity.
The changes separate Twenty One's leadership from Strike and leave its proposed transaction with Elektron Energy as the only merger under evaluation.
Beacon Point's full 1 GW is now commercialized at $19.6B in base-term contract value, the clearest proof yet that public miners are converting stranded power into an HPC revenue line.
A 2.6x raise to the FY AI cloud revenue target, anchored by $2.8B in fresh contracts, turns the company's GPU pivot into the headline rather than the side bet.
The pair of deals signals that long-duration, investment-grade power contracts are now the binding constraint on AI compute buildouts, with miners monetizing stranded megawatts ahead of hyperscalers.
A 352 MW Beacon Point expansion that doubles a tenant's commitment reframes the bitcoin-miner-to-AI-infrastructure pivot from narrative to contracted backlog, dragging peers up with it.
The order pauses incomplete applications for projects drawing 50 MW or more while regulators study grid, water and community impacts.
The lease matches CleanSpark's current market capitalization, so the buildout hinges on debt, equity, or a counterparty retreat.
Miners have signed 19 hyperscaler deals worth $135B in two years, but only Core Scientific's CoreWeave contract clears the bar on returns. Cipher and TeraWulf sit at 4-5%.
TeraWulf says its running sites and pipeline are unaffected, but the moratorium widens the regulatory tail risk investors are now pricing into US Bitcoin miners that sit near grid capacity.
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