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BitMine buys 101,901 more ether, total holdings rise to 5,078,386 ETH

BitMine Immersion Technologies bought an additional 101,901 ether last week, lifting its total holdings to 5,078,386 ETH. CoinDesk reported the holding equals about 4.21 percent of ether in circulation and the purchase is worth about $236 million at current prices. Chairman Tom Lee called crossing 5 million ether an important milestone toward securing 5 percent of supply. The company said it stakes about 3.7 million ether and is expanding staking services.

AI & Enterprise

AI boom reshapes U.S. corporate landscape as S&P 500 employment falls for first time in 10 years

Employment at major U.S. companies has turned to a decline as artificial intelligence spreads and firms pursue cost cuts and workforce redeployment. Total employment at S&P 500 companies fell to 28.1 million, down about 400,000 from a year earlier, marking the first annual drop since 2016. Layoffs have concentrated on white-collar roles, while some AI-related jobs command pay premiums. Companies are also cutting entry-level hiring and automating customer support and back-office work.

AI & Enterprise

Big Tech AI infrastructure spending overtakes oil and gas production investment in data centre expansion race

Big Tech spending on artificial intelligence infrastructure has surpassed global investment in oil and natural gas production, BeInCrypto reported, citing estimates from the International Energy Agency. The IEA said surging data centre investment pushed major technology companies\' capital spending above $400 billion in 2025 and it could increase a further 75 percent in 2026. The expansion is boosting demand, debt issuance and stock market concentration, while making the pace of buildout more sensitive to financial market conditions.