Bitcoin mining stocks have recently declined, with companies like Bitfarms and Marathon Digital seeing drops between 4% and 12%. This downturn follows Microsoft’s decision to halt plans for new AI data centers due to concerns about oversupply. Analysts suggest that this sell-off is more about stagnant Bitcoin prices and increasing mining difficulties rather than just ...
In a significant move, President Trump recently signed an executive order to enhance the U.S. position in artificial intelligence, demonstrating a rare alignment with Biden’s earlier policies by supporting federal land for AI data centers. During this transition, Trump appointed David Sacks as the AI ‘czar’ and announced a potential $500 billion investment for AI ...
Hyperscale Data, Inc. has announced that it has mined a total of 640 Bitcoin in 2024, with around 380 of those mined at its Michigan facility. The remaining 260 Bitcoin came from previously hosted machines at Core Scientific, Inc. CEO William B. Horne expressed satisfaction with their Bitcoin mining operations as the company transitions toward ...
