Mining Companies
13 stories
Soluna's 6.3 GW Data Center Pipeline Faces Reality Check
Soluna Holdings reports strong revenue growth but reveals that only a fraction of its massive 6.3 GW data center pipeline is operational, highlighting the gap between ambitious infrastructure plans and current capacity
Riot Sells Bitcoin to Fund $9.1B AI Data Center Lease
Riot Platforms is liquidating Bitcoin reserves to finance a $9.1 billion AI data center deal, with rent payments from its unnamed tenant not expected until late 2027. The miner faces near-term funding gaps and ongoing treasury pressure.
Bitcoin Miner MGT Issues 1.65 Billion Shares Amid Zero Revenue
MGT Capital, a dormant Bitcoin mining company, issued 1.65 billion new shares to raise capital after reporting no revenue and holding 35 idle mining machines, highlighting the risks of dilution and operational uncertainty for investors
MARA Pledges 18,750 BTC as Collateral for AI Data Center Bet
MARA Holdings sold most of its mined Bitcoin and pledged over half its reserves as collateral for $600 million in loans, fueling an AI data center acquisition while leaving key collateral and margin-call details undisclosed
Sphere 3D Prepares Major Share Dilution Amid Cash Shortfall
Bitcoin miner Sphere 3D is moving to authorize up to $10.3 million in new stock sales, a step that could dilute existing shareholders by more than 50% as the company faces mounting liquidity pressures and going-concern warnings.
American Bitcoin Pledges 38% of BTC Reserves for Mining Equipment
American Bitcoin has committed nearly 40% of its Bitcoin holdings as collateral for mining hardware purchases, exposing the company to both market volatility and operational timing risks as redemption windows approach
SBI Crypto Shuts Down Bitcoin Pool as Network Centralization Rises
SBI Crypto has ended its Bitcoin mining pool service, coinciding with a period when three major mining pools collectively controlled 60% of the network's hashrate, raising new questions about centralization risks for Bitcoin.
SOS Limited Shareholders Approve 7 Billion Share Expansion Amid Cash Drop
SOS Limited shareholders have authorized a 100-fold increase in the company's share pool, opening the door to major equity financing as the crypto-linked firm faces a sharp decline in cash and a halt in mining revenue
Hyperscale Data Sells Bitcoin to Fund $3B Michigan AI Campus
Hyperscale Data has sold part of its Bitcoin holdings and secured a BTC-backed credit line to finance a Michigan AI data center, supporting a contract that could generate over $3 billion in revenue if fully executed
Nasdaq Listing Opens Ionic Digital Shares, But 37M Remain Locked
Ionic Digital's Nasdaq debut enables trading for shares tied to Celsius creditors, but legal and technical restrictions mean many holders cannot sell immediately, raising questions about liquidity and access for retail investors.
Bitcoin Miners Shift Billions to AI Amid Mining Revenue Squeeze
Major Bitcoin mining firms are redirecting capital and power to AI data centers as mining profits fall, but this strategic pivot could backfire if Bitcoin prices rebound and AI demand lags behind expectations
Core Scientific's AI Pivot Outpaces Bitcoin Mining Losses
Core Scientific's Q2 results show a sharp contrast between its struggling Bitcoin mining operations and the profitability of its AI data center business, raising questions about the future of large-scale crypto mining in the U.S.
Fortitude Opens 12 MW Nebraska Site to Lower Zcash Mining Costs
Fortitude has launched a 12-megawatt Zcash mining facility in Nebraska, aiming to reduce its per-coin mining costs by leveraging lower electricity rates and more efficient hardware. The move could impact ZEC mining economics and competition.