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The AI retrofit is becoming easier to see in miners’ income statements. This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here. IREN, Core Scientific (NASDAQ: CORZ) and TeraWulf (NASD…
Read the original story ↗Bitcoin fell below $65,000 on November 15, its lowest level since July, amid macroeconomic concerns, market liquidations and possible competition for investment from AI companies. The broader crypto market cap dropped to $2.19 trillion.
Read the original story ↗Speculation is mounting that Nvidia CEO Jensen Huang was forced out after the co-founder of the multitrillion-dollar company began advocating for open-source AI models. While these theories remain unconfirmed, they also draw parallels with Bitcoin’s own fight over open-source development. Although Huang announced his resignation, an undisclosed person famili…
Read the original story ↗The pseudonymous owner and maintainer of the bitcoin.org domain stated he had never seen bitcoiners so demoralized, highlighting that the recent bear market was brutal. Cobra pointed out several tailwinds for bitcoin’s future, stressing that owning bitcoin is extremely risky right now. Bitcoin.org Steward Cobra Highlights Tailwinds for Bitcoin in the Short T…
Read the original story ↗Decentralized Finance total value locked on MegaETH dropped significantly from over $245 million to $8.8 million.
Read the original story ↗OpenAI’s new wallet lets AI agents buy products using ordinary cards, challenging crypto payment tools from Coinbase and Circle as companies compete to control everyday online shopping by autonomous software.
Read the original story ↗Bitcoin liquidation events exceeding $500 million have become common, reflecting significant market volatility. Recent trading sessions have seen large losses, including a $1.3 billion liquidation. Factors affecting the market include high oil prices and potential Federal Reserve rate hikes. Additionally, investors seem to be favoring artificial intelligence…
Read the original story ↗Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Read the original story ↗The Federal Reserve is examining whether AI will lower prices or keep inflation elevated, a question that could shape interest rates and the outlook for crypto.
Read the original story ↗Headlines: Wall Street steadies despite Nvidia drama but dip buyers are still walking a tight rope US bond market cracks resurface as higher for longer fears return to haunt Wall Street Higher real yields and stronger US dollar weigh on gold as Trump puts Iran deal in jeopardy Japan prime minister Takaichi fires another verbal warning as USD/JPY flirts with…
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