Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot
In brief Nasdaq-listed Zhibao Technology closed a $154.7 million PIPE financing paid for with 2,380 Bitcoin contributed straight to a company wallet. Director Botao Ma...
Tag : Pivot
Another Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot
In brief Hyperscale Data sold most of its Bitcoin holdings to support the expansion of its Michigan data center. The company sold about 685 Bitcoin...
Bitcoin miners’ AI pivot loses Wall Street’s wow factor
Bitcoin miners’ pivot into artificial intelligence and high-performance computing (HPC) is reshaping their business models, but investors are no longer rewarding new infrastructure deals with...
Bitcoin mining capitulation: difficulty falls 19.9% as miners pivot to AI
Bitcoin mining difficulty has dropped 19.9% from its peak in the third deepest ASIC era decline on record, as miners sell bitcoin at record rates...
Crypto treasuries pivot to AI data center funding
Quantum Solutions and Hyperscale Data each redirected part of their crypto treasuries toward AI data centers on July 30. Summary 1,000 ETH sale raised $1.9...
Crypto treasury firms pivot to AI as DAT model loses momentum
More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand for the DAT...
Exodus cuts 25% of workforce in major stablecoin payments pivot
Exodus Movement has cut about 25% of its global workforce as the crypto wallet company reorganizes around a full-stack stablecoin payments platform. Summary Exodus has...
Strategy's Saylor needs clarity in BTC pivot message to convince investors: StanChart
Strategy founder and chairman Michael Saylor again took to social media on Sunday to offer his latest signal to investors as one analyst sees Saylor’s...
Bitcoin miners’ AI pivot faces investor scrutiny over insider sales
Several publicly traded Bitcoin miners have enjoyed sharp stock re-ratings after pivoting toward AI infrastructure, but investors are increasingly questioning whether insiders and major shareholders...
Yield Guild Kills Crypto Game Publishing Arm, Lays Off 35 in AI Pivot
In brief Yield Guild Games is sunsetting its crypto game publishing arm, retiring its website, launchpad, and games like LOL Land and Waifu Sweeper by...