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Why crypto miners are ditching debt for equity
30.8.2024
Crypto miners are moving away from debt and embracing stock dilution to fuel their AI and HPC ambitions, but the payoff is still uncertain
Dell results show no signs of Bitcoin despite CEO’s bullish comments
30.8.2024
Many had expected to see Dell add itself within a list of companies with Bitcoin on their balance sheet as it filed its Q2 earnings report.
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
29.8.2024
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s...
OpenAI in talks to raise funds at over $100B valuation: Report
29.8.2024
Private documents show OpenAI stockholders are planning to sell shares at a price that would value the firm at $103 billion. Any new investment would see the AI startup valued even higher
Nvidia Q2 revenue beats expectations in record-setting boost to AI sector
28.8.2024
The company expects next quarter to be even better with improvement expected across nearly every vertical.
New Zealand introduces OECD crypto reporting framework on new tax bill
27.8.2024
Crypto service providers who fail to take “reasonable care” to comply with the requirements could be fined between 20,000 and 100,000 New Zealand dollars ($12,000 and $62,000)
Tron’s Sun Pump Debut Sparks New Highs in Meme Coin Market
22.8.2024
Since its debut in mid-August, Sun Pump, a Tron-based meme coin generator, has been bustling with action. Data from Dune Analytics reveals that close to 30,000 Sun Pump-issued tokens have been minted to date, with an impressive 7,531 tokens created just this past Wednesday. Tron’s Meme Coin...
Tron memecoin deployer ‘SunPump’ tops $1M in revenue 11 days after launch
21.8.2024
After 11 days of operation — including a brief downtime — the memecoin platform SunPump has helped create over 18,000 tokens
Tron memecoin deployer ‘SunPump’ tops $1M in revenue 11 days after launch
21.8.2024
After 11 days of operation — including a brief downtime — memecoin platform SunPump has helped create over 18,000 memecoins.
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
21.8.2024
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which...
Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck
18.8.2024
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck
IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact
17.8.2024
International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate...
Crypto VC funding hits $2.7B in Q2, Tron may be ‘most profitable blockchain’ — Finance Redefined
16.8.2024
Crypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most profitable blockchain in terms of revenue, according to Justin Sun
Crypto VC funding hits $2.7B in Q2, Tron may be ‘most profitable blockchain’ — Finance Redefined
16.8.2024
Crypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most profitable blockchain in terms of revenue, according to Justin Sun
Tron network exceeds Ethereum revenue over the past 90 days
15.8.2024
According to data from DeFi Llama, the Tron network accrued $1.31 million in network revenue during the past 24 hours alone
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
15.8.2024
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much...
Exodus wallet posts 80% rise in Q2 revenue with $9.6M in losses
14.8.2024
Exodus’ operating revenue in Q2 2024 was primarily driven by the wallet’s exchange aggregation service, which netted $19.9 million
Nigerian state plans to tokenize real estate, boost revenue
14.8.2024
The tokenization of real estate in Lagos State has the potential to transform the property market, making it more accessible to a wider range of investors
Pump.fun daily revenue outpaces the next 24 protocols combined
14.8.2024
Solana memecoin deployer pump.fun has generated more than $5.3 million in revenue in the last 24 hours, out-earning Ethereum, Solana, and Tron and everyone else
Which Steam games 'won' the first half of 2024?
13.8.2024
Well, revenue-wise, at least. Also: 'gauging vibes', and lots of links