Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
Key Takeaways
- Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
US Voters Back AI Data Center Restrictions in At Least 29 Communities
Voters across the United States backed measures to curb data centers, raising new obstacles for the infrastructure powering AI as electricity bills, water supplies, and public oversight dominate the debate.
How Will The New Texas Governor Impact the State’s Bitcoin Mining?
Riot sold 79% of its Bitcoin to build Texas AI data centers. Now a new governor wants data center permits halted. The post How Will The New Texas Governor Impact the State’s Bitcoin Mining? appeared first on BeInCrypto.
Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank
Microsoft and Alphabet surged while Nvidia and Tesla fell, highlighting a divided market as investors reassess Washington's approach to AI and Big Tech.