RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'THE MINING POD,’ in partnership with @blockspacepod!THE MINING POD: CoreWeave-Core Scientific Deal Fails, CleanSpark Eyes 285 MW AI Site, TeraWulf’s $9.5B Fluidstack DealToday, we have a two-for-one show with two interviews we recorded at the North American Blockchain Summit. To start, Colin interviews Blue Macellari (Head of Digital Assets at T. Rowe Price) on how institutional adoption is fundamentally changing Bitcoin's market s ...

Riot Platforms (RIOT) shares rose 5% pre-market after the bitcoin (BTC) mining company unexpectedly posted a third-quarter profit on record revenue. Net income was $104.5 million, or 26 cents per diluted share, compared with a loss of $154.4 million, or 54 cents, the year before. The company had been expected to post a 12 cent-a-share loss, according to Zacks Equity Research. Revenue more than doubled to $180.2 million from the year-earlier quarter, driven mainly by a $93 million increase in bitcoin mini ...

JUST IN: 🇧🇷 Brazilian solar company Thopen explores Bitcoin mining to solve an electricity oversupply problemBrazil turning excess energy into Bitcoin ⚡🟧 https://t.co/K2nTt26PZW ...

Bitcoin miner Core Scientific shareholders have rejected a proposed $9 billion merger with AI computing company CoreWeave, Core Scientific announced on Friday, ending the potentially massive transaction in the high-power computing space.  Core Scientific shareholders voted against the all-stock deal at a Thursday meeting.  "Core Scientific, a leader in digital infrastructure for high-density colocation services and digital asset mining, today announced that at a special meeting of Core Scientific stockholde ...

🚨 CMC News: Brazilian Solar Company Thopen Explores Bitcoin Mining Strategy.🔗 https://t.co/ZgPAeDxmNg https://t.co/Qx4e65KzTZ ...

Core Acquisition Overview - CoreWeave has made a $9 billion all-stock bid for Core Scientific, which has led to a nearly 18% drop in Core Scientific's shares following the announcement [1] - The shareholder vote on the acquisition is scheduled for October 30, with increasing opposition from various stakeholders [2] CoreWeave's Position - CoreWeave CEO Michael Intrator has stated that the acquisition is viewed as optional, emphasizing that the price will not increase despite shareholder pushback [2][3] - Intrator described Core Scientific as "a nice to have, not a need to have," indicating CoreWeave's willingness to abandon the deal if rejected by shareholders [3][5] Shareholder Opposition - Institutional Shareholder Services and Glass Lewis have both recommended that Core Scientific shareholders reject the acquisition, citing concerns over the offer's value [5] - Two Seas Capital, a significant investor in Core Scientific, has also urged a vote against the acquisition, labeling it "underwhelming" based on the company's recent trading performance [5] Strategic Considerations - CoreWeave has countered criticisms from shareholder advisory firms, arguing that their focus on short-term stock performance overlooks the strategic risks Core Scientific may face if it remains independent [4]

Group 1 - Artificial intelligence (AI) requires significant computing power, relying on high-end chips and substantial electric energy for operations and training [1] - AI businesses are increasingly looking to tech companies that offer data center services, which can be sold, rented, or leased [1][2] - Bitcoin mining companies like MARA Holdings, Riot Platforms, and Terawulf are transitioning to support high-performance computing applications, including AI [3] Group 2 - MARA Holdings has a mining capacity of 50 EH/s, Riot Platforms has 35.4 EH/s, and Terawulf has 12.2 EH/s, collectively accounting for about 8% of global Bitcoin mining activity [4] - The Bitcoin mining industry is cyclical, with mining rewards halved every four years, prompting companies to seek alternative revenue streams during less profitable periods [5][6] - Bitcoin mining stocks that have embraced AI operations have outperformed Bitcoin over the past six months, indicating a successful pivot to AI services [6]

france proposing 420k btc reserve. that's 6% of all liquid bitcoin supply. they're not buying it, they're mining it with 56 nuclear reactors through mara/exaion partnership. former engie ceo already bridging edf infrastructure to btc operations. when sovereign nations start printing bitcoin with nuclear power instead of buying spot, the supply shock hits different ...

TeraWulf Inc. (NASDAQ: WULF), a US-based bitcoin mining and high-performance computing firm, announced a landmark 25-year lease contract worth approximately $9.5 billion with Fluidstack. To facilitate Terawulf’s AI infrastructure integration, the joint venture will deliver 168 megawatts (MW) of critical IT load at its Texas campus. According to SEC filings, the partnership structure also gives TeraWulf a 51% majority stake and the exclusive right to participate in future Fluidstack-led projects. The ventu ...

Indiana Police Recover Stolen Bitcoin Mining Rigs—And $75K Worth of Frozen Turkeys► https://t.co/aftC6AedFp https://t.co/aftC6AedFp ...