Nasdaq-listed Bitcoin mining company CleanSpark is raising capital to expand its mining and data center operations, as major miners pivot toward artificial intelligence (AI) infrastructure.CleanSpark announced a $1.15 billion senior convertible note offering on Tuesday, aiming to raise more capital...
Cathie Wood’s ARK Invest has increased its exposure to Tom Lee’s Ether treasury firm BitMine while reducing its position in Tesla.According to the firm’s daily trading disclosures dated Friday, ARK purchased a combined 48,454 shares of BitMine (worth around $2...
Spot Bitcoin and Ether exchange-traded funds (ETFs) continued to bleed capital on Tuesday, with both assets seeing their fifth straight day of outflows. In contrast, Solana funds extended their inflow streak to six days.According to data from Farside Investors, spot...
A widely used crypto market sentiment indicator has remained in uncertain territory despite improved clarity on trade relations between US and China. It comes as US President Donald Trump reached a trade deal with China this week.However, some crypto analysts...
Deal basics: Who’s involved, and what’s being built? Evernorth is a newly formed “digital asset treasury” whose core idea is simple: Raise a large pool of cash and use most of it to buy and manage XRP.Rather than requiring companies...
Key takeawaysTax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events.Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to...
The US Secretary of Energy has urged the Federal Energy Regulatory Commission (FERC) to write new rules that will make it faster for large electricity consumers, such as AI data centers and Bitcoin mining operations, to directly connect to the...
The local government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand.In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the...
Spot Bitcoin exchange-traded funds in the United States have seen more than $1.2 billion in outflows this week, but Charles Schwab is seeing more interest in the products. The eleven spot Bitcoin ETFs in the US saw an aggregate outflow of...
Bitcoin could reclaim its all-time high of $125,100 in the coming week, but not without one more major correction, according to veteran trader Peter Brandt.“Either a huge shakeout, which would be confirmed by an ATH quickly within the next week...
