By Wayne Jones Bitcoin mining stocks have been on a run in 2026, with Riot Platforms, Hut 8, Bitfarms, and Core Scientific posting some of the group’s biggest year-to-date gains, according to a CryptoQuant chart analyst Maartunn shared on X covering trading from January through July. The move has less to do with mining Bitcoin […]
Tag: IREN
Key highlights: IREN has fallen by double digits after reports of Meta wading into the cloud business emerged Other data center operators saw stock declines amid fears of Meta’s cloud business reducing profitability Meanwhile, retail investors in IREN are glum over an $800 stock grant to co-CEOs Australia-based cloud infrastructure provider IREN has seen its […]
By admin Bitcoin mining companies are increasingly repurposing their sites into AI and high performance computing data centers because AI work pays more per unit of power than mining. The April 2024 halving cut block rewards to 3.125 BTC, which pushed many public miners to face cash costs near or above revenue. One report put […]