Bitcoin Sells 70% in 18 Months
Bhutan has sold 319.7 BTC worth $22.68 million, reducing its holdings to 3,954 BTC, a 70% decline in 18 months; it may have ceased mining operations. #Update #Crypto $BTC
Bhutan has sold 319.7 BTC worth $22.68 million, reducing its holdings to 3,954 BTC, a 70% decline in 18 months; it may have ceased mining operations. #Update #Crypto $BTC
A solo bitcoin miner validated block 943,411, earning 3.139 BTC worth $210,000 with a hashrate of 230 TH/s, despite a 1-in-28,000 chance of success. #Update #Crypto $BTC
@CipherDigital (CIFR) shares rose 9% in pre-market after securing a $200M revolving credit facility and a long-term lease for a data center, pivoting from bitcoin mining to AI infrastructure. #Update #Crypto $CIFR
Bhutan moved $11.85M in Bitcoin from its government wallet, continuing its strategy of selling mined BTC to fund public services. #Update #Crypto $BTC
Policymakers in North America express concerns over crypto mining’s energy use, but @Paradigm argues it aids grid balance; new bills introduced to limit data centers’ impact on electricity costs. #Update #Crypto $BTC
Morgan Stanley initiated coverage of bitcoin mining companies, recommending @Cipher and @TeraWulf while advising caution on @MarathonDigital due to higher risks tied to bitcoin exposure. #Update #Crypto $BTC
@Bitfarms is relocating to the U.S. and rebranding as Keel Infrastructure, shifting focus from bitcoin mining to AI data centers. Stock rose 18% post-announcement. #Update #Crypto $BTC
Sovcombank becomes the first Russian bank to offer bitcoin-backed loans to individuals and corporations, following a pilot program by Sberbank. The service is available only to legal asset holders. #Update #Crypto $BTC
@Meta and @Microsoft report strong AI-focused earnings, prompting bitcoin miners like Iren and Cipher Mining to pivot towards AI services, boosting their stock prices significantly. #Update #Crypto $CIFR $IREN
Bitcoin miners like IREN and Cipher Mining surged over 12% as AI firm Anthropic raises up to $20 billion, boosting interest in AI-linked tokens like $NEAR. #Update #Crypto $NEAR
Nvidia’s @JensenHuang announced the Vera Rubin platform is in full production, enhancing AI efficiency, impacting bitcoin miners who pivot to AI hosting for stable cash flows. #Update #Crypto $BTC
Bitcoin miner @Bitfarms is selling its Paraguay site to Sympatheia Power Fund for up to $30M, aiming to reinvest in North American operations. BITF shares rose 4% amid BTC nearing $90K. #Update #Crypto $BITF
@KBW upgraded @TeraWulf (WULF) to “outperform,” raising the price target to $24, citing a shift from $BTC mining to AI and HPC leasing as a growth catalyst. #Update #Crypto $WULF
@Sberbank issues Russia’s first bitcoin-backed loan to miner Intelion Data, signaling potential for future crypto loans. The bank utilized its Rutoken custody product for collateral. #Update #Crypto $BTC