Bitcoin’s network hashrate has recorded its first first quarter decline in six years, marking a notable shift in the mining landscape as companies increasingly redirect resources toward artificial intelligence infrastructure. The total computational power securing the network has fallen by around 4 percent since the start of the year, breaking a long streak of consistent […]
Core Scientific is preparing to significantly reduce its bitcoin treasury as the company shifts its strategic focus toward artificial intelligence infrastructure and high performance computing services. The US based digital asset mining company revealed in a recent regulatory filing that it intends to sell the majority of its bitcoin reserves during the first quarter of […]
Bitcoin climbed back above 64000 on Tuesday, staging a rebound alongside a broader recovery in risk assets after several volatile sessions tied to artificial intelligence-driven fears in equity markets. The world’s largest cryptocurrency was trading near 64200 during early US hours, recovering from an intraday low around 62500. Although still slightly lower on a 24 […]
Crypto mining firms are facing renewed pressure as a tightening supply of high performance GPUs begins to reshape expectations for profitability. Throughout the past year, miners benefited from improving hash rates and stronger digital asset prices, but rising demand for GPUs from artificial intelligence developers and cloud computing providers is now straining the inventory available […]
