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Crypto

Bitcoin miners increasingly exit mining as funds flow into AI and HPC

Bitcoin mining companies are increasingly shutting down mining operations and shifting to AI and high-performance computing infrastructure businesses as mining profitability deteriorates and demand for AI data centres surges. Some listed miners have effectively stopped mining, unwound equipment contracts and sold bitcoin holdings. The shift is reflected in a fall in network hashrate. Large AI and HPC deals have drawn capital, while market valuations diverge between miners with and without such contracts.

Crypto

Crypto stocks slip after U.S. Senate stalls Clarity Act; Coinbase, Circle drop

U.S. crypto-related shares fell on Sept. 15 after the Senate failed to clear the procedural step needed to advance the Clarity Act. Coinbase and Circle slid about 10 percent, while bitcoin miners and companies holding bitcoin also declined. The bill would set rules for the U.S. digital-asset market and define the jurisdictions of the CFTC and SEC. Bitcoin briefly dipped below $75,000 after the vote before recovering to around $76,000.

AI & Enterprise

CoreWeave backlog tops $100 billion; AI, power, server and memory stocks rise

AI infrastructure shares rose on Aug. 12 after CoreWeave, Super Micro Computer and Nebius Group reported quarterly results above market expectations. Nebius gained about 23 percent and CoreWeave rose about 19 percent. Investors focused on CoreWeave’s backlog, which topped $100 billion, up about 50 percent from the previous quarter, with another $25 billion in orders after quarter-end. Funding costs, and limits tied to power and cooling, remained key issues.