IREN (NASDAQ:IREN) shares jumped 6% to $45.26 after Microsoft (NASDAQ:MSFT) formally accepted Horizon 1, the first of four data centers at IREN's Childress, Texas campus, but gave up gains to trade un…
Bitcoin miners that pivoted to artificial intelligence and high-performance computing now trade at 12.3 times enterprise value versus 5.9 times for pure-play miners, according to CoinShares' first-qua…
Bitcoin miners that pivoted to AI and high-performance computing have seen their stocks more than double over the past year, while pure-play miners like MARA Holdings fell 40%, according to CoinShares…
CoreWeave (CRWV) shares surged 16% in pre-market trading after the AI infrastructure provider reported second-quarter revenue of $2.58 billion, more than doubling year over year and narrowly beating e…
Cipher Digital, formerly Cipher Mining, sold approximately 471 BTC, reducing its holdings to 646 BTC valued at about $37.8 million, to fund its pivot to AI data center development. The company, which …
Cipher Digital (NASDAQ: CIFR) delivered initial high-performance computing capacity at its Black Pearl data center campus in Texas in early August, marking the start of rent for contracted HPC capacit…
CleanSpark Inc. agreed to a 20-year infrastructure lease for a data center at its Sandersville, Georgia campus with a high investment-grade global technology company, generating $6.6 billion in contra…
TeraWulf signed a 20-year lease with Anthropic for a 401 MW AI data center campus in Kentucky, expected to generate ~$19 billion in revenue, and sold its stake in a Texas joint venture. Bitcoin mining…
Meta shares surged after Bloomberg reported the social media giant plans to launch a cloud business selling excess AI compute, joining hyperscaler peers. The move could improve Meta's cash flow outloo…
Cipher Digital (CIFR) remains a top mid-cap AI stock to buy despite a downward revision of its target price. Analysts continue to recommend the stock based on its strong position in the AI sector. The…
Bernstein initiated coverage of TeraWulf and Cipher Mining with Outperform ratings and price targets of $36 and $32, respectively, citing the companies' transition from Bitcoin miners to "power landlo…