Hut 8, originally a Bitcoin mining company, is repurposing its Texas-based energy infrastructure at Beacon Point into a major AI data center. It has leased 704 MW of capacity valued at $19.6 billion over 15 years, with Nvidia holding the site lease and providing AI chips. Anthropic signed a $35 billion contract with cloud provider Lambda, which will use about half of Hut 8's capacity to run AI models like Claude. This shift highlights how Bitcoin miners are leveraging their electricity and land assets to meet growing AI computing demands, signaling a broader industry transition from crypto mining to AI services.
Tesla's Cybertruck, launched at nearly $120,000, was labeled the biggest flop in automotive history due to weak sales and pricing issues. Now, Range Rover is entering the high-end electric vehicle market with its $138,000 electric SUV, aiming to avoi...
Methanex has strengthened its business by acquiring OCI Global's methanol operations and shutting down less efficient plants, focusing on North American production and global logistics. This strategic shift improves its cash flow stability and compet...
Bitcoin spot ETFs attracted over $100 million in new investments, increasing their total assets to $97.22 billion, while Ethereum, XRP, and Solana ETFs experienced daily net outflows. Despite these short-term withdrawals, Ethereum and XRP maintain po...
Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on August 29, leading to a near tripling of daily trading volume within three days, from about $545,000 to $1.97 million, later reaching $2.75 million. Two external venues, ...
Gem Diamonds shares jumped 70% following their half-year results, driven by a 32% revenue increase to $59.7 million and effective cost-control measures. The company reversed a prior loss to report $8.6 million in underlying earnings and boosted cash ...
