Search results for Blockspace
Crypto
Bitcoin miners turn to AI, but profits uncertain despite $100 billion in deals
Bitcoin mining companies have secured about $100 billion worth of AI and high-performance computing contracts, but only a limited portion has translated into billed revenue so far. More than 4 gigawatts of capacity is contracted, while 550 megawatts is currently providing services. CoinShares estimates annual revenue at about $1.1 billion. IREN drew attention over a reported Anthropic deal, but it was not confirmed. The shift reflects worsening mining profitability and high costs for AI facilities.
Crypto
Not all L1s are the same: Ark Invest on the business structures of ETH, SOL and HYPE
Ethereum, Solana and Hyperliquid are all layer-1 blockchains, but their business structures and revenue models differ fundamentally, an analysis said. Ark Invest crypto research director Lorenzo Valente compared the three to fast-food chains, likening Ethereum to a franchise and holding-company model where value flows to L2s after EIP-4844. He described Solana as a fully integrated model keeping fees and MEV inside L1, and Hyperliquid as a concentrated team-led model using fees to buy HYPE tokens.
Crypto
Blockspace closes funding round, targets Ethereum infrastructure business
Ethereum infrastructure company Blockspace has completed a new funding round. The round was led by BlueYard, with participation from EtherFi Ventures, Quasar Builder, Sharplink, BreedVC, Luganodes and Stakely, among other teams and individuals. Blockspace positions itself as an infrastructure company supporting Ethereum’s core product, blockspace. It earns ETH by staking and repeatedly restaking earned ETH, while keeping its ETH holdings at 15 percent of total staked volume.
