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Crypto

Trump family-linked American Bitcoin to carry out 1-for-15 reverse stock split after record low

American Bitcoin, a bitcoin mining company co-founded by Eric Trump, will carry out a 1-for-15 reverse stock split to meet Nasdaq Capital Market minimum price requirements. The move will take effect after the market close on July 2, with trading on the new basis starting July 6. Shares have hit record lows and fallen sharply over the past month and year. The share count will drop to about 73 million, with no change in market value.

AI & Enterprise

Wyoming implements executive order to attract AI data centres, pledges protections for water use and residential power rates

Wyoming has issued an executive order to support development of AI data centres and advanced computing facilities, setting a consistent statewide framework for permits, reviews, regulation and support. The order links efforts to attract investment with principles covering water use, environmental sustainability, workforce development and protections for residential electricity consumers. It comes a day after U.S. President Donald Trump signed an order to promote advanced AI technology for national security purposes.

Crypto

TeraWulf secures data centre site to expand AI and HPC in U.S. Kentucky

Bitcoin mining company TeraWulf has acquired a data centre development site in Kentucky and is accelerating an expansion into artificial intelligence and high-performance computing. The site is designed to support more than 1 gigawatt of AI and HPC capacity over the long term. TeraWulf plans to operate 500 megawatts by 2028 and secure another 500 MW by 2030. The site includes grid infrastructure planning and long-term power contracts.