Key Points Bitcoin's rise was partially responsible for TeraWulf's rise. Investor bullishness on the future of the data center segment also contributed. 10 stocks we like better than TeraWulf › Although TeraWulf (NASDAQ: WULF) stock's September wasn't quite as hot -- literally and figuratively -- as its August, it still did gangbusters on the exchange. The Bitcoin mining company and increasingly, high-performance computing (HPC) and artificial intelligence (AI) infrastructure provider, saw its shar ...

We recently published 10 Stocks With 10-60% Upside. Riot Platforms Inc. (NASDAQ:RIOT) is one of the top performers on Monday. Riot Platforms extended gains for a second day on Monday, jumping 11.81 percent to finish at $19.78 apiece as investors took path from optimism for Bitcoin to break past the $200,000 level and analysts’ positive ratings for its stock. Riot Platforms Inc. (NASDAQ:RIOT) rallied alongside its counterparts, namely CleanSpark, MARA Holdings, and Galaxy Digital, after the latter’s chief ...

We recently published 10 Big Names Investors Are Dumping. Hut 8 Corp. (NASDAQ:HUT) is one of the companies that heavily bled in Thursday’s trading. Shares of Hut 8 Corp. retreated by 7.87 percent on Thursday to close at $34.88 apiece as investors resorted to profit-taking following last week’s gains that saw the company propel to a new all-time high. In other developments, Hut 8 Corp.’s (NASDAQ:HUT) newly listed subsidiary, American Bitcoin (NASDAQ:ABTC), announced its switch to a new auditor, KPMG LLC, ...

By James Van Straten (All times ET unless indicated otherwise) It's a new day, but the same story: Bitcoin (BTC) is struggling and ether (ETH) is trying to hold the $4,000 range. Crypto bulls can take some comfort in the fact that there is only one week left in September, a historically bearish month, and what's usually the strongest quarter is just around the corner. Sentiment within the industry remains subdued. The Crypto Fear and Greed Index sits at 45, which is neutral, but leaning slightly closer t ...

Core Viewpoint - CleanSpark, Inc. has expanded its Bitcoin-backed credit facility with Coinbase Prime by $100 million, enhancing its capital strategy and enabling non-dilutive financing for growth in energy, mining, and high-performance computing initiatives [1][2]. Capital Strategy - The expanded credit line allows CleanSpark to invest in accretive assets while maintaining exposure to Bitcoin's potential upside, avoiding equity dilution or the need to liquidate holdings during expansion [2][6]. - The company's strategy focuses on delivering growth through non-dilutive financing, which is central to its capital approach [7]. Institutional Partnership - Coinbase Prime, the institutional division of Nasdaq-listed Coinbase, is providing the necessary custody, trading, and financing infrastructure to support the expanded credit facility [8]. - The partnership reflects confidence in CleanSpark's long-term strategy and aims to enhance the crypto ecosystem through focused capital deployment [9]. Market Reaction - Following the announcement, CleanSpark's stock surged by 6% in after-hours trading, indicating strong investor confidence, with shares rising from $13.74 to $14.60 [10]. - The stock has gained over 30% in the past five trading days, reflecting approval of the company's decision to expand without diluting shareholder equity [11]. Strategic Expansion - The expanded facility supports CleanSpark's dual focus on optimizing Bitcoin mining and developing new computing infrastructure, with data centers positioned to transition into high-performance computing campuses [12]. - By diversifying into high-performance computing, CleanSpark aims to prepare for broader demand in the digital infrastructure sector, aligning with its long-term strategy of integrating energy efficiency, Bitcoin mining, and next-gen computing [13][14].

Group 1 - Hut 8 Corp. (NASDAQ:HUT) experienced a share price increase of 14.99% on Tuesday, closing at $29.30, driven by positive sentiment towards high-performance computing (HPC) stocks [1][3] - The rally in Hut 8's stock was supported by a significant $18 billion cloud computing deal announced by Nebius Group with Microsoft Corp., which also positively impacted other companies in the sector such as TeraWulf Inc., Riot Platforms, IREN Ltd., and Cipher Mining [2][3] - Hut 8 is expanding its digital infrastructure capabilities with plans to construct four new sites across the US, which will increase its total power capacity to over 2.5 gigawatts across 19 sites upon full operation [3]

Core Insights - Coherent Corp. (COHR) is strategically positioned to benefit from the expanding AI and high-performance computing markets, with a notable shift towards AI and datacom yielding positive results [1][2]. Financial Performance - In fiscal 2025, COHR achieved record revenues of $5.8 billion, reflecting a 23% increase year-over-year, driven by a 61% surge in data center revenues [2][8]. - The company experienced a 358-basis-point expansion in non-GAAP gross margin, indicating the high-value nature of its AI-centric products [2]. Product Development - COHR has initiated revenue shipments of its 1.6T transceivers, essential for upcoming high-speed AI interconnects, showcasing the potential of its future product pipeline [3]. - The Optical Circuit Switch platform is also generating revenues, contributing to the company's market position [4]. Market Trends - The demand for data centers is expected to grow significantly, with McKinsey projecting an annual capacity increase of 19-22% from 2023 to 2030, presenting substantial opportunities for COHR [5]. Stock Performance and Valuation - COHR's stock increased by 10.4% over the past three months, slightly underperforming the industry average of 12.3% [6]. - The company trades at a forward price-to-earnings ratio of 18.15X, significantly lower than the industry average of 86.56X, indicating a favorable valuation [10]. Earnings Estimates - The Zacks Consensus Estimate for COHR's earnings has risen by 3.9% and 11.6% for 2025 and 2026, respectively, over the past 60 days [13].

Core Insights - HIVE Digital Technologies Ltd. reported record revenue of $45.6 million for fiscal Q1 2026, driven by a 45% quarter-over-quarter increase in average hashrate to 8.9 EH/s, reflecting strong performance in Bitcoin mining and high-performance computing (HPC) operations [2][3][4]. Financial Performance - Total revenue reached $45.6 million, a significant increase from the previous quarter, with digital currency mining contributing $40.8 million, up 44.9% sequentially [4][5]. - Gross operating margin was $15.8 million, representing a margin of 34.7%, an increase from 28.2% in the previous quarter [4][5]. - Net income for the quarter was $35.0 million, primarily from realized and unrealized gains on digital currencies [5][8]. Mining Operations - The company mined 406 Bitcoin during the quarter, a 34% increase from the previous quarter, with an average mining difficulty increase of 10.2% [4][5]. - The average hashrate for Bitcoin mining increased from 5.9 EH/s in fiscal Q4 2025 to 8.7 EH/s in fiscal Q1 2026, marking a 47% increase [4][5]. HPC Business - HPC revenue reached a record $4.8 million, up 59.8% sequentially, driven by strong demand in high-performance computing markets [4][5]. - The company is expanding its HPC capabilities with the acquisition of a 7.2 MW Tier 3 data center in Toronto, expected to support 5,000 next-gen GPUs [8]. Strategic Outlook - HIVE aims to reach a hashrate of 25 EH/s by Thanksgiving 2025, positioning itself among the world's largest Bitcoin miners [8]. - The company is targeting $100 million in high-margin run-rate revenue from cloud computing and AI model training services by calendar year 2026 [8].

Group 1 - The CoDesign 2025 International Symposium was successfully held in Osaka, Japan, focusing on the challenges of large-scale computing and big data, emphasizing the importance of hardware-software co-design for the development of high-performance computing (HPC) [1] - The conference highlighted four core areas: algorithms, application systems, system software and middleware, and hardware-software co-design architecture, covering key fields of high-performance and scalable computing [2] - Keynote speeches and technical presentations showcased cutting-edge research and developments, including the challenges of system fragmentation and the need for collaborative design between hardware and software [3] Group 2 - Roundtable discussions addressed the integration of HPC and AI, with experts sharing differing views on the future direction of computing architectures and the role of AI in scientific programming [4] - The pursuit of Zeta Scale computing was discussed, with experts identifying system reliability and power consumption as core obstacles to scaling [4] - The symposium provided a platform for global experts to share insights and reach consensus, which will significantly advance the integration of HPC and AI, addressing future challenges and opportunities in the computing field [4]

Core Viewpoint - High-performance computing (HPC) Ethernet aims to enhance rapid communication between computing nodes, minimizing latency and maximizing bandwidth to ensure fast and reliable data transmission [1] Group 1: Challenges in HPC Networks - The increase in data volume and computational demands has led to high operational costs, low scalability, and unexpected performance limitations [1] - Companies are rapidly expanding and investing in new hardware and cloud computing, resulting in overly complex networks and configurations [1] - Performance bottlenecks arise from data-intensive workloads, which hinder the potential of modern hardware [2] Group 2: Key Trends Causing Costly Issues - Slow information storage and retrieval in AI workflows obstruct downstream processes, especially as AI processors grow in scale and speed [2] - The increasing use of heterogeneous architectures can lead to bottlenecks due to mismatched interconnects among different models and generations [2] Group 3: Evolution of Network Technology - In the early 21st century, 10 Gigabit Ethernet (GbE) was seen as the ultimate goal for HPC, but it became clear that even 25 GbE and 40 GbE were insufficient for high-bandwidth workloads [4] - The IEEE P802.3df task group is developing an 800 GbE parallel structure, anticipating a 55-fold increase in bandwidth demand by 2025 compared to 2017 [4] Group 4: Solutions to Avoid Bloat and Bottlenecks - Professionals must balance between over-provisioning and under-utilization to meet customer demands while avoiding unnecessary expenses [5] - Dynamic load balancing algorithms can alleviate bottlenecks by redistributing traffic to underutilized nodes [5] - Strategic dataset placement can reduce latency by keeping frequently accessed information at the forefront of efficient systems [5] Group 5: Future Focus for HPC Networks - As AI technology advances, the scale of models will continue to grow, necessitating manufacturers to rapidly develop new computing hardware [6] - The exponential growth in computational demands and dataset sizes makes it essential for professionals to prepare for future challenges [6]