Singapore-based Bitdeer (NASDAQ: BTDR) Technologies Group reported a sharp increase in bitcoin mining output and said it had strengthened its balance sheet through the completion of a convertible debt offering, as the company continues expanding its proprietary mining fleet and pursuing artificial-intelligence infrastructure opportunities. The Nasdaq-listed company said it mined 705 bitcoin in February, up about 541% […]
Terawulf has added another layer of debt to fund its AI buildout, entering a 364-day, $500 million delayed-draw bridge loan to finance construction of its data center project in Hawesville, Kentucky. According to Terawulf’s filing on Monday, the borrowings will price at either Term SOFR plus 2.75 percentage points or a base rate plus 1.75 […]
Crypto trading and liquidity provider BlockFills has filed for Chapter 11 bankruptcy protection, listing between $100 million and $500 million in both assets and liabilities. According to court documents filed on Sunday, entities tied to the bitcoin mining sector hold at least $13.6 million in unsecured claims against the company, including Simple Mining, Bitfarms (NASDAQ: BITF) and […]
HIVE is expanding its AI data center footprint in Canada while preparing to wind down portions of its Bitcoin hashrate in Sweden after a prolonged dispute with local tax authorities. HIVE said Monday that its AI infrastructure unit, BUZZ High Performance Computing, will increase its liquid-cooled AI data center capacity in Canada fourfold, expanding from 4 […]
The U.S. Department of Energy (DOE) has announced a $1.9 billion grid upgrade program aimed at expanding transmission capacity, as rising electricity demand from AI and data centers strains the nation’s power infrastructure. The program, announced on Thursday and administered by the DOE’s Office of Electricity, will fund projects that upgrade existing power lines and deploy […]
U.K.-based AI cloud provider Nscale is in talks to acquire a large data center development site in West Virginia that could support up to 8 gigawatts of capacity, according to a report by The Information. The potential deal would see Nscale acquire American Intelligence & Power (AIP), the current owner of the site in Mason […]
San Antonio–based AMC Robotics is tapping GPU infrastructure from HIVE Digital (NASDAQ: HIVE) as demand for computing power spreads beyond AI model training into robotics applications. The two companies announced on Friday that they had entered a strategic collaboration under which AMC Robotics will use HIVE’s GPU cloud infrastructure to support the development and deployment of its […]
For years, nuclear power in the United States was widely seen as a sunset industry. Aging reactors were closing, utilities struggled to justify operating costs, and cheap natural gas combined with subsidized renewables eroded the economics of baseload generation. Now the trend is reversing — and the catalyst isn’t government policy alone. It’s the explosive […]
NVIDIA Corp. is investing $2 billion in Amsterdam-based AI cloud provider Nebius (NASDAQ: NBIS) Group as the chipmaker deepens its role in building the infrastructure behind a new wave of artificial intelligence services. The investment, announced Wednesday, forms part of a strategic partnership aimed at expanding Nebius’s hyperscale AI cloud platform and accelerating the deployment of high-performance […]
Foundry Digital plans to launch an institutional-grade Zcash mining pool in April, expanding the largest Bitcoin mining pool operator into the privacy-focused cryptocurrency network. The Rochester, New York-based company said on Wednesday the new service is designed to provide a compliant mining infrastructure for Zcash that can support institutional and publicly traded miners. Foundry currently […]