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Crypto
Bitcoin miners\' shift to AI infrastructure cools stock gains despite faster pivot
Bitcoin mining companies are shifting their business models toward AI and high-performance computing, but the stock market reaction to infrastructure contract announcements appears to be weakening. Cointelegraph reported that while contract size and profitability have increased, investors are focusing more on execution, financing and long-term profitability. An analysis of 25 deals found the average same-day share gain fell to about 10 percent from about 24 percent for earlier announcements.
Industry
Mara bitcoin miner pursues purchase of Texas power site to accelerate AI expansion
Mara Holdings shares rose about 15 percent early after it announced plans to buy a Texas power site to expand digital infrastructure for AI computing and bitcoin mining. The site is a 1,200-acre tract in Matagorda County with access rights of up to 2 gigawatts, with an initial 1 gigawatt expected by October 2027. Mara said the project is early-stage and subject to regulatory approvals, with phased construction over several years.
Crypto
TeraWulf signs 20-year deal with Anthropic in bet on AI data centre
Bitcoin mining company TeraWulf signed a 20-year lease with Anthropic to rent an AI data centre campus in Hodgenville, Kentucky, and expects about $19 billion in revenue from the deal. The facility at TeraWulf’s Justified Data site is expected to support about 401 megawatts of computing capacity, with phase one set for the second half of 2027 and full capacity planned by early 2028. Mining stocks rose after the announcement.
