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American Bitcoin mined approximately 932 BTC and reported $67.015 million in revenue in the second quarter. But its six-month cash flows do not show that the broader reserve strategy was self-funding. The miner finished June […]
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CleanSpark reported a 30.5% year-over-year revenue decline and a $497.2 million swing from profit to loss in its fiscal third-quarter results. The deterioration adds pressure to the Bitcoin miner’s balance sheet before its Sandersville AI […]
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MARA Holdings sold 2,213 Bitcoin during the second quarter, equal to 91.37% of the 2,422 BTC it mined, before adding $600 million of new borrowing secured by Bitcoin collateral to help finance its planned acquisition […]
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Bitdeer secured a $4.7 billion AI lease but must complete a $500 million build before the contract starts generating revenue. On Aug. 4, the Bitcoin miner announced that its Tydal Data Center subsidiary signed a […]
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Texas Gov. Greg Abbott ordered the Public Utility Commission and ERCOT to audit every data center project seeking a grid connection before regulators approve any new projects. The order puts AI infrastructure tied to Bitcoin […]
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