Key Highlights: IREN’s AI cloud services revenue surged to $128.8 million in fiscal year 2026, though the firm posted a net loss of $702.6 million driven by $638.8 million in non-cash impairments from decommissioning mining rigs. Bitcoin miners face steep production deficits, with Q2 2026 Bitcoin prices ($58,400) trailing cash mining costs ($75,500), accelerating operational ...
Key Highlights Riot Platforms fully repaid its $200 million Bitcoin-backed credit facility from Coinbase Credit on September 21, 2025, releasing 5,821 BTC, USDC, and cash held as collateral. The repayment carried no early termination fee and followed an April 2026 amendment that fixed the interest rate at 6.15% annually, replacing the original floating rate. Simultaneously, ...
HIVE Digital Technologies Reports $1 Million Daily Revenue Average, Driven by Bitcoin Mining HIVE Digital Technologies disclosed that its combined Bitcoin mining and GPU cloud operations generated more than $1 million in average daily revenue from August 21 through September 10, offering a concrete measure of how the company’s artificial intelligence pivot is contributing to ...
Bitcoin surged 21.5% between the Aug. 17 and Aug. 21 closes, but six of the seven major U.S.-listed Bitcoin miners ended the same trading period…