Shares of CoreWeave (CRWV) opened lower on Tuesday as analysts questioned whether the company’s recent acquisition of Core Scientific (CORZ) would contribute meaningfully to its bottom line. CRWV stock was down 3.6% after the opening […]
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CoreWeave, a rising player in the artificial intelligence industry, has entered a definitive agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction, according to a July 7 announcement. This strategic move would help […]
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Singapore-based cloud Bitcoin miner BitFuFu has logged its most significant production month for the year, attributed to an expanded mining fleet. BitFuFu said on Monday it mined 445 Bitcoin in June, representing an 11.3% month-over-month […]
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Mainland China chipmaking capacity is accelerating, now poised to become the world’s leading semiconductor foundry hub by 2030, and overtaking Taiwan in total capacity, according to the latest projections from Yole Group. Chinese dominance in […]
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Bitcoin miners turned to the rising AI trend ahead of the 2024 halving, which cut block rewards to 3.125 Bitcoin (BTC). Some just dipped their toes in, while others dove deeper, repurposing rigs, raising credit […]
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