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Cryptoslate

Stay updated with the latest crypto news, insights, and data on CryptoSlate. Your go-to source for everything crypto.

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News

CryptoSlate
cryptoslate.com > bitcoins-316-day-hashrate-drought-shows-why-ai-could-make-this-mining-downturn-harder-to-reverse

Bitcoin’s 316-day hashrate drought shows why AI could make this mining downturn harder to reverse

1+ week, 4+ day ago   (920+ words) Hashrate remains below its peak after 316 days as miners weigh improving BTC economics against long-duration compute revenue. Bitcoin’s hashrate has spent 316 days below its record as miners redirect power toward AI. The seven-day network average stood near 914 exahashes per second…...

CryptoSlate
cryptoslate.com > after-selling-all-its-bitcoin-to-pay-off-debt-ai-firm-tries-to-rebuild-827-million-treasury-from-scratch

After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch

2+ week, 1+ day ago   (558+ words) The proposed preferred raise covers just 1.51% of the Bitcoin target before any allocation to AI investments and the 18-month dividend reserve. Genius Group, an AI-powered education company that previously used Bitcoin as a treasury asset, has proposed a $12.5 million perpetual…...

CryptoSlate
cryptoslate.com > a-22-9-million-capital-deficit-threatens-to-derail-an-energy-firms-pivot-to-off-grid-bitcoin-mining

A $22.9 million capital deficit threatens to derail an energy firm's pivot to off-grid Bitcoin mining

3+ week, 1+ day ago   (701+ words) July output was worth roughly $1.16 million at Aug. 21 spot prices before unsettled hosting costs, as interest begins on $16 million of seller notes. Olenox Industries is an energy company that acquired Bitcoin miner CS Digital Ventures in May. It reported preliminary…...

CryptoSlate
cryptoslate.com > bitcoin-miners-are-getting-a-new-ai-hedge-but-it-may-protect-them-from-the-wrong-risk

Bitcoin miners are getting a new AI hedge, but it may protect them from the wrong risk

3+ week, 2+ day ago   (928+ words) CFTC-backed compute futures could cushion GPU price swings while leaving hundreds of millions in financing and dilution exposure untouched. The US derivatives regulator is exploring a market for futures tied to AI computing power just as Bitcoin miners pour hundreds…...

CryptoSlate
cryptoslate.com > bitcoin-miner-ionic-gets-90-of-revenue-from-ai-lease-as-btc-drives-35m-loss

Bitcoin miner Ionic gets 90% of revenue from AI lease as BTC drives $35M loss

3+ week, 2+ day ago   (626+ words) AI infrastructure leasing supplied nearly all of Ionic Digital's Q2 revenue, while a $28.2 million Bitcoin valuation loss weighed on earnings. Ionic Digital, a Bitcoin miner repositioning its power sites for AI infrastructure, generated 90% of its second-quarter revenue from leasing. Its Q2 accounts…...

CryptoSlate
cryptoslate.com > how-a-public-crypto-firms-4-3-ai-gain-hides-millions-in-balance-sheet-losses

How a public crypto firm's 4.3% AI gain hides millions in balance sheet losses

4+ week, 1+ day ago   (454+ words) Hypothetical AI returns vs. real-money losses: Inside SRX’s crypto filing. SRX Global reported a 4.3% EMJX gain that the company labels hypothetical, but its first post-acquisition disclosures still leave the central investor question unanswered: whether the strategy performs with company capital. SRX…...