Bitcoin treasury firms hit dilution wall as BTC Yield slides
Strategy's BTC Yield slides, Metaplanet trades below its coin stash, and a clutch of European treasury newcomers are asking public markets to fund them on terms nobody has priced yet.
Strategy's BTC Yield slides, Metaplanet trades below its coin stash, and a clutch of European treasury newcomers are asking public markets to fund them on terms nobody has priced yet.
The Nasdaq listing unlocked trading, not liquidity. Holders will wait through the bankruptcy estate's distribution schedule before any of those shares can be converted to cash.
The order is one of the largest disclosed ZEC ASIC commitments of the cycle, and it lands against a token down roughly 30% from its May local high.
The 377MW direct lease plus 152MW AMD-backstopped neocloud line is the structural beat, while 30M warrants vesting only at full 2.5GW scale cap the upside.
The detention lands on top of tax-evasion charges and a regional mining ban that has already pushed BitRiver's parent into insolvency proceedings.
Runets and En+ are tied to a mining-equipment deal that allegedly cost the energy conglomerate 1 billion rubles; the case tests whether Russia's mining sector can still count on industrial-scale…
VanEck says the premium investors are paying for AI-hosting miners is running ahead of actual delivered capacity, so execution and tenant quality now decide who keeps the multiple.
The same Musk-era AI infrastructure deal that vindicates miners' power-play pitch also proves that the deepest-pocketed buyers will outbid them when demand gets tight.
The bitcoin miner pivoting to AI compute closed its first day at a $2.8B valuation, the largest direct listing on Nasdaq since 2021, and gave creditors of the bankrupt lender a rare liquid path out.
The Celsius Mining successor lands on the public tape with 2,861 BTC on the balance sheet and a fresh AI-leasing pitch, the same pivot Hut 8 has been making across its hosted fleet.
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…