Search results for Compass Point
Crypto
Anthropic signs 20-year, $9 billion AI compute deal with Riot
Bitcoin miner Riot Platforms has signed a 20-year compute agreement with Anthropic worth $9 billion. Under the deal, Anthropic will lease 191 megawatts of power at Riot’s Rockdale, Texas campus. Riot had previously described the counterparty only as a leading frontier AI company. The contract is seen as a step toward shifting Riot’s business from bitcoin mining to AI infrastructure leasing, with revenue projected to rise further if extension options are exercised.
Crypto
Money exits AI and flows into crypto stocks as miners slump alone
Funds that had crowded into artificial intelligence infrastructure stocks in the U.S. market moved into cryptocurrency-related shares, lifting the sector broadly. BitMine Immersion Technologies jumped after increasing its ethereum holdings, while Coinbase Global, BitGo and Figure Technology also rose. Strategy gained after building cash buffers, and Circle rose after buying IBM’s blockchain patent portfolio. By contrast, bitcoin mining stocks fell sharply, with analysts citing capex and funding concerns.
Crypto
Circle shares fall 9.9 percent on Wall Street downgrade and Drift hack fallout
Shares of stablecoin issuer Circle closed down 9.9 percent at $85.10 in Nasdaq trading on April 9. Investor sentiment weakened as Wall Street downgraded the stock and legal reviews emerged around the Drift Protocol hacking case. Compass Point cut Circle to “sell” from “neutral” and set a $77 target. Circle shares are down about 24 percent over the past month and about 43 percent over six months.
