Bitcoin mining stocks fell as Microsoft canceled its AI data center plans in the US and Europe, impacting miners like Bitfarms and Marathon Digital. This highlights miners' reliance on AI business after Bitcoin's halving reduced revenues, complicating challenges from declining crypto prices.
Bitcoin mining revenue steadies post-halving, with income reaching $3.7 billion in Q4 2024. Despite the halved block rewards, miners adapt by embracing efficient technologies and diversifying into AI services. However, challenges like potential trade wars loom large, potentially affecting profitability.
CoreWeave's IPO could positively influence Core Scientific, though it may not be the latest crucial development.
Bitcoin Strategy's acquisition moves spark widespread conversation among crypto stakeholders as Block and Core Scientific act decisively and Circle considers an IPO.
Core Scientific shares tumble 18% after Microsoft reduces commitment to partner CoreWeave due to delays and material shortages.
Core Scientific shares plummet 18% as Microsoft backs away from CoreWeave partnership, affecting AI model scaling.
Core Scientific shares slump 18% after Microsoft reduces CoreWeave contracts.
Core Scientific's stock falls 11% after Microsoft reduces its AI contract commitments.
Core Scientific's stock declined by 13% after CoreWeave, their AI partner, lost some Microsoft contracts.
Core Scientific shares plummet 15% after Microsoft reduces its commitments to AI cloud provider CoreWeave.
CoreWeave aims for a $35 billion IPO valuation, leveraging its AI infrastructure and bitcoin mining partnership.
Core Scientific appoints ex-Morgan Stanley banker Jim Nygaard as CFO post-bankruptcy exit.
Core Scientific appoints a former investment banker as its new CFO, sparking a 2% rise in pre-market trading shares.
Core Scientific unveils a $1.2B data center plan despite a $265M Q4 loss, projecting over $10B in revenue with CoreWeave.
Core Scientific and CoreWeave announce $1.2B Texas expansion to boost AI capacity.
Core Scientific's stock soared 12% following a $1.2 billion data center expansion announcement, despite reporting a widening net loss and a modest 1.6% revenue growth last year.
Core Scientific's stock soars as it expands its data center with CoreWeave, boosting AI and cloud computing capacity.
Core Scientific expands its Bitcoin mining operations with a $400 million investment in Opelika, Alabama.
CoinGecko's recent report highlights that publicly-traded blockchain companies make up only 5.8% of the total cryptocurrency market cap, with entities like Coinbase leading. The trend indicates diversification and upcoming IPOs may shift the balance.
Grayscale Investments introduces a Bitcoin Miners ETF, allowing investors to access the mining industry without holding BTC directly.
Core Scientific emerges as top AI pick among Bitcoin miners, despite DeepSeek dislocation, says Bernstein.
DeepSeek's AI breakthrough triggers fears in the tech sector, impacting Bitcoin prices. Concerns over AI spending affect Nasdaq and cause Bitcoin's price to fall, leading to significant sell-offs in both markets.
Core Scientific and Cipher Mining face a significant 30% drop in shares amid a crypto stock sell-off, with other miners also down 20-25%.
Bitcoin miners Bitdeer, CleanSpark, and Core Scientific rated 'Outperform' by KBW.
Core Scientific hit a milestone by mining 6,595 Bitcoin in 2024. The company keeps growing, with 974 Bitcoin mined just in the last quarter.
Core Scientific raked in 6,595 BTC in 2024, capping Q4 with 974 BTC. Big mining wins for this U.S. company.
2024 was wild for crypto stocks, with MicroStrategy and Core Scientific leading the pack. The U.S. crypto market saw big ups and downs.
Core Scientific's Q3 bitcoin mining revenue declined by 38% due to the recent halving and increased competition, dropping to $25 million from $40 million. The halving decreased rewards, affecting profitability. The company plans to optimize operations with efficient equipment and explore opportunities in AI and high-performance computing.
Core Scientific is transforming its Denton, Texas campus into a $6.1 billion data center for AI workloads, shifting from cryptocurrency mining due to rising AI computing demand.
Jack Dorsey's Block shifts focus from Web5 to Bitcoin mining hardware, exiting Web5 and cutting Tidal investment. They completed a 3nm mining chip and secured a deal with Core Scientific, boosting gross profit by 19% to $2.25 billion. Block plans to reinvest 10%.
Bitcoin mining stocks surged following Trump's presidential victory, boosting the crypto market. Investors reacted positively to Trump's promises of removing crypto industry restrictions. Shares of companies like MARA, Core Scientific, and Riot Platforms witnessed significant increases, driven by expectations of favorable policies supporting cryptocurrencies and mining.
Jefferies rates Core Scientific stock as "buy" with a $19 target, highlighting its potential to meet growing AI service demand. Recent 12-year contract with CoreWeave supports this, marking a shift from Bitcoin mining to AI services for long-term growth.
