SWI Raises 800M Euros to Turn Genesis Digital Into AI Data Centers
The capital increase values the group at 6.1 billion euros. Its own announcement does not mention bitcoin mining, the business the sites were built for.
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Hut 8 Wins Poolin's Two Texas Sites With a $140M Auction Bid
Hut 8 bid $140 million for Poolin's Pyote and Tarbush sites, nearly three times the $52 million floor. A New Jersey judge has to approve the sale on 29 September.
Bitcoin's Hashrate Is Down More Than 20% as Miners Turn to AI
Four accounts of the decline agree on the direction and disagree on the peak, the depth and the length. The capital is moving to AI data centres.
IREN's AI Cloud Revenue Overtakes Mining as the Loss Hits $684M
AI cloud brought IREN $70.5 million in the June quarter against $66.7 million from bitcoin mining, the first time the split has gone that way. The quarter cost $684 million.