| Mobile Web

Search results for TeraWulf

Crypto

Anthropic signs 20-year, $9 billion AI compute deal with Riot

Bitcoin miner Riot Platforms has signed a 20-year compute agreement with Anthropic worth $9 billion. Under the deal, Anthropic will lease 191 megawatts of power at Riot’s Rockdale, Texas campus. Riot had previously described the counterparty only as a leading frontier AI company. The contract is seen as a step toward shifting Riot’s business from bitcoin mining to AI infrastructure leasing, with revenue projected to rise further if extension options are exercised.

Crypto

Bitcoin miners\' shift to AI infrastructure cools stock gains despite faster pivot

Bitcoin mining companies are shifting their business models toward AI and high-performance computing, but the stock market reaction to infrastructure contract announcements appears to be weakening. Cointelegraph reported that while contract size and profitability have increased, investors are focusing more on execution, financing and long-term profitability. An analysis of 25 deals found the average same-day share gain fell to about 10 percent from about 24 percent for earlier announcements.

Crypto

Money exits AI and flows into crypto stocks as miners slump alone

Funds that had crowded into artificial intelligence infrastructure stocks in the U.S. market moved into cryptocurrency-related shares, lifting the sector broadly. BitMine Immersion Technologies jumped after increasing its ethereum holdings, while Coinbase Global, BitGo and Figure Technology also rose. Strategy gained after building cash buffers, and Circle rose after buying IBM’s blockchain patent portfolio. By contrast, bitcoin mining stocks fell sharply, with analysts citing capex and funding concerns.