Search results for energy and power
Crypto
FTX-backed SWI Group to sell last three bitcoin mining sites in Kazakhstan, shift to AI infrastructure
Three remaining bitcoin mining sites in Kazakhstan operated by Genesis Digital Assets have been put up for sale. SWI Group, which controls Genesis Digital, is winding down Kazakhstan mining assets and shifting its focus to AI data centres. The Euronext Amsterdam-listed company raised 800 million euros and was valued at 6.1 billion euros. It said it will invest funds in power infrastructure and computing facilities in the United States and Sweden.
AI & Enterprise
Bank of America to commit $250 billion to U.S. AI infrastructure, focusing on data centers and power
Bank of America will commit $250 billion over the next 18 months to building infrastructure in the United States, with a focus on AI infrastructure including data centers, semiconductors and power generation. The initiative runs from Jan. 1, 2026 to July 4, 2027 and is not a single new fund. The bank will allocate money across digital infrastructure, energy and power, and core infrastructure, and expects tens of thousands of jobs.
Crypto
Mara posts $611.3 million Q2 net loss hit by bitcoin price drop
Bitcoin miner Mara (MARA) swung to a net loss of $611.3 million in the second quarter, hurt by a 28 percent drop in the average bitcoin price. The company said its quarterly bitcoin output was the highest in more than a year, but the price decline outweighed a 3 percent increase in production. Mara held 35,577 bitcoin worth $2.1 billion at fair value as of June 30. It is also expanding AI and HPC infrastructure.
