Bitdeer Technologies, a Singapore-based Bitcoin mining company, has reported a significant revenue decrease for the first quarter of 2025. The company’s earnings fell by 41% year-on-year, reaching $70.1 […]
Bitdeer Q1 Revenue Plummets Over 40%, Shifting Focus to HPC
Bitdeer Technologies Group saw a significant decline in revenue for the first quarter of 2025, dropping by more than 40% compared to the same period last year. The […]
Bitfarms Records Massive Q1 Loss, Shifts Focus to AI & High-Performance Computing
Canadian Bitcoin mining firm Bitfarms reported a significant first-quarter net loss of $36 million, largely attributed to the company’s strategic shift away from traditional mining towards artificial intelligence […]
Core Scientific Reports Record Q1 Profit Amidst Revenue Drop, Focuses on AI & HPC
Nasdaq-listed Bitcoin miner Core Scientific saw a significant boost in profits during the first quarter of 2025, generating $580 million in net income. However, despite this positive outcome, […]
Bitcoin Miners Underperform: JPMorgan Report Highlights Challenges and Economic Slowdown
JPMorgan recently released a report highlighting the ongoing struggles of Bitcoin miners, particularly those heavily reliant on high-performance computing (HPC). For the third consecutive month, these miners have […]
Bit Digital Acquires $53 Million Facility Amidst AI & HPC Expansion
Bitcoin mining company Bit Digital has made a significant investment, purchasing a new industrial building in Madison, North Carolina, for $53.2 million. This acquisition aligns with the company’s […]
Bitfarms Secures $300M Loan for HPC Project Expansion
Bitfarms has secured a significant financing deal of up to $300 million from Macquarie Equipment Capital to fund its expansion into high-performance computing (HPC). This move marks a […]
Bitfarms Secures $300 Million Debt for AI and HPC Expansion
Bitfarms has secured a significant $300 million loan from Macquarie Group to fuel its expansion into high-performance computing (HPC) and artificial intelligence (AI). This move aligns with the […]
Bitfarms Secures $300 Million for High-Performance Computing Project
Bitfarms has secured a significant $300 million loan from Macquarie Group to support development of its high-performance computing (HPC) project at Panther Creek, Pennsylvania. This investment marks a […]