Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that […]
When Core Scientific signed a $3.5 billion deal to host artificial intelligence (AI) data centers earlier this year, it wasn’t chasing the next crypto token — it was chasing a steadier paycheck. Once known for its vast fleets of bitcoin mining rigs, the company is now part of a growing trend: converting energy-intensive mining operations […]
Hashprice, a key metric used to gauge miner revenue, is currently hovering near a five-year low, according to HashRate Index—a stark reminder of how difficult the mining business has become. In simple terms, the metric is the income miners can expect per unit of computing power, denoted by per petahash (PH/s). It can be denominated […]