In a significant industry pivot, Nasdaq-listed Bit Digital announces plans to completely exit Bitcoin mining, citing capital inefficiency and redirecting focus to Ethereum infrastructure and AI. This move follows a broader trend of crypto firms abandoning mining operations post-halving and amidst the AI boom.
Bitcoin fell below $73,000 on Feb. 4, 2026, reaching its lowest level since April 2025 and triggering a double-digit selloff in major mining stocks. The decline extends a four-month retreat from all-time highs, pressured by large holder sales and waning mining profitability.
Russia's premier cryptocurrency miner, BitRiver, faces insolvency proceedings as its CEO is placed under house arrest, marking a dramatic fall for a firm already crippled by international sanctions and mounting legal disputes.
BitRiver, the dominant force in Russia's Bitcoin mining sector, faces a severe financial and legal crisis as court-ordered monitoring of its parent company begins. The turmoil stems from a multi-million dollar contract dispute, regional mining bans, and mounting pressure from sanctions and tax evasion charges against its founder.
Igor Runets, founder and CEO of Russia's largest Bitcoin mining operator BitRiver, has been detained and placed under house arrest on charges of large-scale tax evasion. The case unfolds against a backdrop of Western sanctions and operational challenges for the once-dominant firm.
While tracking Bitcoin's rocky start, the Bitwise Crypto Industry Innovators ETF (BITQ) reveals a surprising core: a heavy pivot towards AI infrastructure by its top crypto-mining holdings, raising questions about its focus and fee structure.
Cipher Mining Technologies announces a strategic shift, securing a 15-year lease with Amazon Web Services for its new Texas data center and planning a $2 billion debt offering to fund the AI-focused facility, marking a significant departure from its origins in cryptocurrency mining.
A sharp drop in network competition and growing investor enthusiasm for high-performance computing ventures propelled U.S.-listed bitcoin miners to a strong January rally, even as bitcoin prices softened, according to a new JPMorgan analysis.
Cipher Mining Inc. (CIFR), once a traditional cryptocurrency miner, has rapidly transformed into a key developer of industrial-scale data centers, capitalizing on the insatiable power demands of artificial intelligence. With a portfolio exceeding 3 gigawatts, primarily in power-rich West Texas, the company is now building the physical backbone for tech giants. This strategic pivot, however, raises critical questions about capital allocation and the sustainability of the AI infrastructure rush.
Once a dominant force in Russia's crypto mining sector, BitRiver is now under court-ordered bankruptcy monitoring amid a cascade of financial and legal woes, including massive unpaid power bills and a criminal case against its founder.
Digital infrastructure firm IREN secures a landmark $9.7 billion agreement with Microsoft and a massive GPU procurement from Dell, marking a strategic shift from cryptocurrency mining to powering the AI cloud boom.
In a significant strategic shift, Hut 8 Corp. is decommissioning a key mining site and redirecting capital toward AI and high-performance computing infrastructure, signaling a move to diversify beyond volatile cryptocurrency markets.
Cipher Mining's strategic shift from Bitcoin mining to building AI data centers for Amazon, funded by a $2 billion debt offering, has triggered a sharp sell-off as markets weigh the long-term contracts against new financial risks.
The Himalayan kingdom of Bhutan has transferred over $22 million worth of Bitcoin from its official holdings in recent days, coinciding with a broader market slump. While blockchain analysts suggest the moves may be routine custodial operations, the timing has ignited speculation about the nation's long-term crypto reserves management.
The Himalayan kingdom of Bhutan has moved $22.4 million worth of Bitcoin, continuing a pattern of strategic sales as its once-billion-dollar crypto portfolio has shed over 70% of its value, according to blockchain data.
Bitcoin's sharp decline below $72,000 triggers a broad sell-off across crypto-related equities, with analysts debating the onset of a sustained bear market as correlation with traditional tech stocks strengthens.
Publicly traded Bitcoin mining companies are facing a severe sell-off as Bitcoin's price decline erodes profitability and forces a strategic reckoning for the sector.
As the IRS introduces new reporting forms for cryptocurrency, tax experts warn that common oversights in record-keeping and transaction classification could lead to audits and unexpected liabilities for investors.
The rise of quantum computing poses a fundamental challenge to the cryptographic foundations of Bitcoin and other digital assets, forcing investors and governments to confront a potentially existential security risk.
As Bitcoin stabilizes around $75,000, Cathie Wood's Ark Invest is aggressively buying the dip in crypto-linked equities, adding millions in exposure to Bitmine Immersion Technologies and Circle Internet Financial this week, signaling a bold contrarian bet amid fragile market sentiment.
