HIVE Digital Technologies Ltd. (NASDAQ: HIVE) has surpassed 23 exahash per second (EH/s) in global Bitcoin (BTC) mining capacity, while securing additional land in Grand Falls, New Brunswick, to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure. The company said this achievement marks a 283% year-to-date growth in its hashrate capacity. The 32.5-acre acquisition in Grand Falls, adjacent to HIVE’s existing site, will serve as the foundation for a Tier III+ HPC data ...

Crypto miner Cipher Mining (CIFR) soared nearly 20% in pre-market on Monday after announcing a $5.5 billion, 15-year deal with Amazon Web Services (AWS) to supply power and space for artificial intelligence (AI) workloads. The agreement marks one of the largest partnerships yet between a crypto mining firm and a major cloud provider. “The third quarter was truly transformative for Cipher,” CEO Tyler Page said. “We executed a pivotal transaction with Fluidstack and Google, and now we’re taking another majo ...

Core Insights - Bitfarms Ltd. (NASDAQ:BITF) is recognized as one of the 12 best-performing stocks over the last three months, with analysts raising price targets due to positive market conditions [1][3]. Company Performance - H.C. Wainwright analyst Mike Colonnese raised the price target for Bitfarms from $4 to $5.50 while maintaining a Buy rating, reflecting confidence in the company's performance [1]. - B. Riley also increased its price target for Bitfarms from $3 to $7, indicating a significant upward revision in expectations for the company [3]. Industry Trends - The mining sector, including Bitfarms, is expected to report strong Q3 results, driven by steady growth in Bitcoin prices [2]. - Public miners added 58.4 EH/s to their mining capacity during Q3, indicating an expanding hash rate in the industry [2]. Company Overview - Bitfarms Ltd. operates as an energy and digital infrastructure company, focusing on designing, building, and operating vertically integrated data centers and energy infrastructure for high-performance computing and Bitcoin mining [4].

Bitmain-affiliate Bitcoin miner Cango (NYSE: CANG) produced 602.6 bitcoins in October, down 2.3% from 616.6 in September, according to its latest monthly update. The company held 6,412.6 bitcoins at month-end, up about 10% from 5,810 a month earlier. Average daily output was 19.44 bitcoins, compared with 20.55 in September. Cango’s deployed hashrate remained at 50 exahashes per second (EH/s), while average operating hashrate rose to 46.09 EH/s from 44.85 EH/s. That places Cango–once an auto export busine ...

Core Insights - NU E Power Corp. has entered into an asset purchase agreement to acquire certain assets from ACT Mid Market Ltd., enhancing its position in renewable energy, data infrastructure, AI, and Bitcoin mining [1][2][3] Company Overview - NU E Power Corp. is focused on building and operating next-generation power sites to meet the demands of AI, Bitcoin, and digital economies through a hybrid approach that combines renewable, grid, and behind-the-meter generation [12] - ACT Mid Market Ltd. specializes in developing mid-market power sites optimized for AI, Bitcoin mining, and hybrid energy applications [13] Acquisition Details - The acquisition includes 500 MW of energy projects utilizing solar, natural gas, and electrical grid, which will support various Bitcoin and AI projects across multiple regions including Canada, Asia, South America, and Africa [3][4] - Following the acquisition, NU E's total targeted energy asset size will exceed 1 GW, marking significant progress towards its 2 GW target [2] Strategic Importance - The acquisition aligns with the increasing global demand for data centers driven by AI and cloud computing, projected to reach 78 GW by 2035 [2] - NU E's strategy includes generating cash flow through Bitcoin mining and securing long-term off-takes for clean energy and data center infrastructure [4] Project Highlights - The assets being acquired include: 1. 100 MW Mongolia Hybrid Power & Data Infrastructure Project, integrating grid, solar, and natural gas generation [5] 2. 200 MW Grid & Gas Hybrid Power Project in Saskatchewan, Canada, designed to support a self-sustaining smart community [8] 3. 100 MW Solar & Graphene Battery Program with the International Islamic University of Malaysia [8] 4. 100 MW Hybrid Solar, Gas & Grid Power and Data Centre Project in Lagos, Nigeria [8] 5. 100 MW Solar Development Program in Brazil [8] Management Changes - Following the acquisition, Broderick Gunning will be appointed as President and CEO of NU E, and Frederick Stearman will become Chief Technology Officer [7][10][11]

Cipher Mining (NASDAQ: CIFR) has signed a second hyperscaler tenant, now with Amazon Web Services (AWS), further entrenching itself as a leader in the Bitcoin mining-to-AI factory pivot. Listed at $5.5 billion for a 15-year lease, AWS will host dedicated artificial intelligence workloads at Cipher’s Barber Lake facility. The lease covers 300 megawatts and will go live starting July 2026, with rent effective August 2026. Cipher will provide both air and liquid cooling to AWS. “There will be no need for fu ...

HIVE Digital Technologies (HIVE) said it hit 23 exahashes per second (EH/s) of bitcoin (BTC) mining capacity as it ramps up production to generate income that will fund expansion of its artificial intelligence (AI) computing infrastructure. The hashrate represents 283% growth this year and is on track to reach 25 EH/s before the end of the month, the company said on its website. The increase is powered by full hardware deployment at its 100 megawatt (MW) hydroelectric campus in Paraguay, which is energize ...

Core Scientific and CoreWeave Acquisition - Core Scientific shareholders voted against the acquisition offer from CoreWeave, which was anticipated to be a significant data-center M&A deal in the mining sector [2] - The rejection of the deal alters the investment landscape by returning hundreds of megawatts back to the market for companies like Microsoft and Oracle [2] CleanSpark's AI Expansion - CleanSpark announced the acquisition of a new site in Texas with a 385 MW power pipeline, indicating a shift towards integrating AI and high-performance computing (HPC) workloads alongside traditional mining [4] - The stock of CleanSpark has increased nearly 100% since July 2025, following the market's anticipation of the use of its power pipeline for AI [5] TeraWulf's Long-term AI Hosting Agreement - TeraWulf signed a 25-year AI hosting deal with FluidStack, marking one of the longest contracts between a Bitcoin miner and an AI hosting firm, which enhances long-term revenue visibility [6] - This agreement reflects the industry's pivot towards high-margin compute workloads and TeraWulf's focus on the 'powershell' model for building AI factories [6] Global Hashrate Trends - The global hashrate has surged past 1.1 Zettahash, with significant contributions from China and Russia, despite Western miners potentially slipping in their market position [1][7] - The expansion of hashrate in these countries is occurring at a faster pace than expected, with many U.S. miners halting machine purchases to pivot towards AI [7][8]

TRENDING: Palantir, Robinhood Earnings Due After Market's Tricky October AI's rising demand for electricity is pushing large technology companies to seek new sources of power and infrastructure. Companies like IREN (IREN) are working with AI firms to repurpose their bitcoin mining sites for high-performance computing. The pivot from bitcoin miner to AI power play has proved lucrative for IREN stock, with shares surging more than 500% so far this… Related news (Applied Digital) IREN Has Surged More Than 400% ...

Core Scientific and CoreWeave Merger - Core Scientific shareholders rejected a $9 billion merger deal with CoreWeave due to insufficient votes for approval [1] - The merger was part of a trend among AI companies seeking power-rich infrastructure to support increasing computational demands [2] CoreWeave's Position and Financials - CoreWeave, backed by Nvidia, is an OpenAI partner providing AI infrastructure for advanced language model training [3] - CoreWeave secured a $6.3 billion order from Nvidia, which includes a commitment to purchase unsold capacity through April 2032 [3] Market Reaction - Following the merger rejection, CoreWeave's stock fell over 6% to close at $131.06, while Core Scientific's stock remained stable at $20.74 [4] Industry Context - Bitcoin mining has become increasingly complex and costly, leading miners to explore alternative fields such as AI [5] - Core Scientific shareholders felt the acquisition deal undervalued the company [6]