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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
Keel ends U.S. bitcoin mining, shifts focus to high-performance computing
Keel Infrastructure has ended all bitcoin mining operations in the United States and shifted its focus to high-performance computing infrastructure. Cointelegraph reported that the company said in its second-quarter report it halted U.S. mining operations before building high-performance computing sites. Keel’s second-quarter revenue fell 50 percent from a year earlier to $30 million, and it posted an operating loss of $141 million.
Industry
Silicon anodes shake up EV battery market ahead of solid-state commercialisation
The electric vehicle battery industry is focusing first on commercialising silicon anode technology rather than solid-state batteries, which are still seen as years from broad rollout. Automakers and battery companies are expanding use of silicon anodes to improve driving range and charging speed. General Motors views wider use of silicon anodes as a key short- to medium-term solution. Battery firms and EV makers cite performance gains, while efforts continue to scale production and improve cost competitiveness.
