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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 > bitcoin-miner-manufacturer-canaan-sells-crypto-to-buy-back-shares-after-97-6-million-quarterly-loss

Bitcoin miner manufacturer Canaan sells crypto to buy back shares after $97 million loss

4+ day, 1+ hour ago   (481+ words) Revenue fell below its $35 million guidance floor, while later crypto sales funded part of its share buybacks. Canaan, the Bitcoin mining-equipment maker, reported second-quarter 2026 revenue below its earlier guidance on Sept. 8, as weaker machine demand put more weight on its…...

CryptoSlate
cryptoslate.com > a-bitcoin-miner-burned-through-millions-in-btc-to-buy-compute-but-new-coins-are-not-returning-to-treasury

Bitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasury

5+ day, 1+ hour ago   (428+ words) Cloud customers accounted for about 74% of August’s production increase, while company holdings recovered only part of July’s decline. BitFuFu, a Bitcoin miner and cloud-mining provider, reported a 55.4% rebound in August production as additional capacity came online. Cloud-mining customers accounted for…...

CryptoSlate
cryptoslate.com > ethereum-arbitrage-study-reveals-builders-receive-5-for-every-1-burned-by-the-network

Ethereum arbitrage study reveals builders receive $5 for every $1 burned by the network

5+ day, 21+ hour ago   (838+ words) Bitquery's 30-day sample separates trading proceeds from ETH supply reduction, while builders' onward payments leave final profit shares unresolved. Ethereum arbitrage generated about $5.24 in builder receipts for every $1 burned in a 30-day sample reported by blockchain data provider Bitquery. Its…...

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 > veteran-bitcoin-developer-luke-dashjr-exits-ocean-pool-will-hash-power-follow-him-to-new-pool

Veteran Bitcoin developer Luke Dashjr exits OCEAN pool - Will hash power follow him to new pool?

2+ week, 2+ hour ago   (538+ words) OCEAN still represented 2.45% of trailing-day blocks after buying out its co-founder, while CONVOY disclosed no operational footprint. OCEAN Mining has completed a buyout of co-founder and 16-year veteran Bitcoin Core developer Luke Dashjr, ending his ownership and three leadership roles…...

CryptoSlate
cryptoslate.com > iren-ai-cloud-revenue-639m-impairment-bitcoin-82-revenue

Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud

2+ week, 18+ hour ago   (605+ words) The company’s $4 billion contracted AI run-rate target was four times the $1 billion operating level measured Aug. 26, with recognition still gated by delivery and customer acceptance. IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware…...

CryptoSlate
cryptoslate.com > capital-bs-e21-million-bitcoin-raise-comes-with-heavy-warrant-dilution-risk

Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk

2+ week, 1+ day ago   (663+ words) The planned 270 Bitcoin nearly offsets the placement, while full warrant exercise would cut the displayed ratio by about 24%. Bitcoin treasury company Capital B plans to raise €21 million and use the proceeds, along with operating funds, to buy another 270 Bitcoin. The…...

CryptoSlate
cryptoslate.com > tethers-120-million-uruguay-mining-failure-now-shadows-its-next-bitcoin-bet-in-brazil

Tether’s $120 million Uruguay mining failure now shadows its next Bitcoin bet in Brazil

2+ week, 5+ day ago   (546+ words) Adecoagro visited the Uruguay operation months before launching a smaller renewable-powered pilot with the stablecoin issuer. Tether’s abandoned Bitcoin mining venture in Uruguay, where a former contractor estimated spending reached about $120 million across two sites, is casting a shadow over…...

CryptoSlate
cryptoslate.com > 400m-ai-crypto-treasury-firm-seeks-second-reverse-split-while-restoring-capacity-for-3-billion-shares

$400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares

2+ week, 6+ day ago   (432+ words) A September 3 vote would cut holder balances 160-for-1, then return authorized capacity to 3 billion shares. Nasdaq-listed Digital Currency X Technology Inc. is asking shareholders to approve a 160-for-1 reverse stock split, also known as a share consolidation, on September 3. It…...

CryptoSlate
cryptoslate.com > adam-backs-bitcoin-treasury-deal-died-but-its-15m-obligation-did-not

Adam Back’s Bitcoin treasury deal died, but its $15M obligation did not

3+ week, 1+ day ago   (581+ words) The public Bitcoin treasury structure is gone, while two 2026 payments carry a narrow seven-day release condition. Adam Back-led BSTR's plan to become a public Bitcoin treasury company through Cantor Equity Partners I, a special-purpose acquisition company, ended on Aug. 20. The…...