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AI Data Centers
Terawulf Sells 25% Stake in Bitcoin Mining Facility for $92 Million
Terawulf has sold a 25% stake in its Nautilus Bitcoin mining facility to Talen Energy for $92 million. The proceeds will fund high-performance computing and AI data centers, set to launch in Q1 2025.
Terawulf Sells 25% Stake in Bitcoin Mining for $92 Million
On October 4, Terawulf sold a 25% stake in its Nautilus Bitcoin mining facility for $92 million to Talen Energy. The funds will be reinvested into high-performance computing and AI data centers exp...
Bitfarms Reports September Bitcoin Mining Output and Financial Highlights
Bitfarms shares its September Bitcoin mining results, achieving a year-end efficiency target with a total of 217 BTC mined, alongside key financial updates and a settlement with Riot Platforms. Tot...
Hut 8 Converts $38 Million Loan into Stock, Strengthens Financial Position
Hut 8 has repaid a $38 million loan by converting it into stock, enhancing its balance sheet. CEO Asher Genoot emphasizes better positioning for growth. Explore Hut 8's new GPU-as-a-service initiat...
Proton Management Refutes Swan Bitcoin's Allegations of Mining Theft
Proton Management has denied allegations from Swan Bitcoin regarding the theft of its mining business, asserting that Swan does not own any mining operations and that 2040 Energy, a separate entity...
Judge Dismisses Class-Action Lawsuit Against Iris Energy Over IPO Claims
A US District Court judge dismissed a class-action lawsuit by investors against Iris Energy, ruling they failed to prove the firm misled them during its 2021 IPO. The case highlighted investor conc...