Season 1 Episode 362
The cryptocurrency mining landscape is evolving rapidly as companies pivot beyond Bitcoin mining toward high-performance computing and AI infrastructure services to diversify revenue streams and improve profitability.
• TeraWulf's share price surged 60% following announcement of their FluidStack/Google contract
• Core Scientific's deal with CoreWeave has dropped from $9 billion to $5.4 billion in just five weeks
• Soluna Holdings operates with industry-leading power costs of 3.3 cents per kilowatt hour
• Soluna plans to expand from 89 megawatts to 773 megawatts with multiple large-scale projects
• Hive Digital Technologies reported record quarterly revenue of $45.6 million
• Hive's HPC revenue increased 60% sequentially with higher profit margins than Bitcoin mining
• Hive plans to expand from 15 to 25 exahash by Thanksgiving, potentially mining 12 Bitcoin daily
• Bit Digital has converted Bitcoin holdings to 121,000 Ethereum tokens worth $511 million
• Bit Digital maintains $181 million cash with zero debt and is exiting Bitcoin mining operations
• Bitcoin hash price currently at $57.41 with global hash rate stabilizing around 922 exahash
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Published on 4 months, 2 weeks ago
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