Search results for Marathon Holdings
Crypto
Riot Platforms sells 4,300 bitcoins to fund AI datacentre network expansion
U.S. bitcoin miner Riot Platforms sold 4,300 bitcoins and plans to use the proceeds to expand a datacentre network for AI workloads. The move comes as mining profitability weakens, with Riot’s second-quarter mining revenue down 19.3 percent amid higher power prices and a sharp fall in hashprice. The company still holds $548.9 million in cash and 11,380 bitcoins, and is pursuing long-term infrastructure contracts, including a proposed 20-year lease with expected revenue of $9.1 billion.
Crypto
Bitdeer sells another 206 BTC, keeps bitcoin holdings at zero
Cryptocurrency miner Bitdeer sold all bitcoin it mined in the week ended May 29, keeping its bitcoin holdings at zero for a 14th straight week on a weekend basis. The company has continued a no-holdings finance strategy it began in late February, selling weekly output and maintaining zero holdings on its balance sheet at each week’s end. It is deploying cash into data centres, next-generation ASICs and AI cloud services.
Crypto
Bitcoin stalls in $66,000 range as oil surges and private credit warnings mount
Bitcoin slid to the $66,000 range, shaking expectations of a move above $75,000 as risks piled up. Oil prices jumped after a speech by U.S. President Donald Trump did not guarantee an end to the Iran war. Investor sentiment was also hit by concerns over the U.S. private credit market, signs of slowing hiring, institutional outflows from spot bitcoin ETFs and selling by miners and some listed firms.
