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BITF News30 articles
Keel Infrastructure Slips After Rally, Awaiting Key Data-Center Leases
Keel Infrastructure shares fell pre-market after hitting a 52-week high, as the market weighs the Russell 3000 addition and convertible note offering against declining revenue and unsigned data-center leases.
Keel Infrastructure's AI Data Center Pivot Faces Key Lease Test
Keel Infrastructure shares surged last week as the company shifts from bitcoin mining to AI data centers. With $458M in new notes and a 2.2 GW pipeline, the focus is on securing tenant leases.
Keel Infrastructure Surges on AI Pivot as Analysts Warn of Overvaluation
Keel Infrastructure shares hit recent highs after closing a $458M convertible note deal to fund its shift from bitcoin mining to AI infrastructure. Analysts average 12-month target of $5.29 trails the last close, highlighting execution risk.
XRP Falls Below $1.15 as Whale Distributions Outweigh ETF Inflows
XRP fell 4.64% to $1.13 after breaking below $1.15, as whales distributed over 30 million tokens and active addresses halved, testing support near $1.10 despite $2.55 million in ETF inflows.
Keel Infrastructure Surges on $458M Convertible Note Deal for AI Data Center Push
Keel Infrastructure closed $458M in convertible notes to fund its pivot from Bitcoin mining to AI data centers, with stock rising 5.14% to $5.52. Lease deals at three sites are next catalyst.
Keel Infrastructure Edges Up on $458M Convertible Note Close for AI Data Centers
Keel Infrastructure shares rose 0.83% to $5.47 after closing a $458M convertible-note deal, up from $350M, to fund AI data centers and cap dilution.
Keel Infrastructure Stock Rises on $400M AI Data Center Convertible Note Deal
Keel Infrastructure shares rose 3.18% premarket to $5.84 after upsizing its convertible note offering to $400 million to fund AI data center pivot.
Keel Infrastructure Shares Rebound After $400M AI Data Center Debt Deal
Keel Infrastructure shares gained 3.1% in pre-market trading after pricing a $400M convertible note deal for AI data center expansion, recovering from Friday's 13.5% decline due to dilution fears.
Keel Infrastructure Surges on AI Data Center Lease Prospects
Keel Infrastructure shares soared 7.39% to $6.10 as the company pivots from bitcoin mining to AI data centers, despite a 23% Q1 revenue drop. Liquidity of $533M supports lease targets at three campuses.
Keel Infrastructure Surges on AI Pivot; Lease Signings Key Next Week
Keel Infrastructure closed at $5.68 Friday, up 22% for the week, after rebranding from Bitfarms. Q1 revenue fell 23% to $37M with a $98M loss. CEO targets three leases by year-end.
Keel Infrastructure Gains as AI Data-Center Lease Strategy Faces Key Year-End Test
Keel Infrastructure shares climbed 3.66% to $4.81 on Friday, as the company targets signing data-center leases at three sites this year, pivoting from bitcoin mining to AI infrastructure.
Keel Infrastructure Rises on AI Power Pivot
Keel Infrastructure shares rose 7.1% to $4.53, nearing a 52-week high, as investors bet on its shift from crypto mining to AI-focused power infrastructure.
Bitmine Shares Slide 7.5% as Ethereum Holdings Rise Amid Price Drop
Bitmine shares dropped 7.5% Monday as the company reported ETH holdings rose to 5.28 million tokens, but total crypto assets fell to $12.6B due to Ether's 4.1% decline.
Senate Banking Committee to Debate CLARITY Act as Crypto Regulation Nears Key Vote
The Senate Banking Committee begins debate on the CLARITY Act, a crypto market structure bill, with over 130 amendments filed. The bill's fate hinges on bipartisan support amid bank-crypto divisions.
Spokane Valley Bans Bitcoin ATMs Following Surge in Scam Losses
Spokane Valley has banned virtual currency kiosks after police linked them to fraud, major financial losses, and a suicide. The city council voted unanimously on May 5.
Keel Infrastructure Posts $128M Q1 Loss, Pushes AI Data-Center Leasing
Keel Infrastructure Corp posted a $128M Q1 loss as legacy revenue fell 23% to $37M. The company has $533M in liquidity to support leasing at three AI data-center sites in North America.
Keel Infrastructure Nears First Earnings Report Under KEEL Ticker
Keel Infrastructure Corp. will release its first-quarter earnings on May 11, marking its initial report under the KEEL ticker following Bitfarms' redomiciliation.
Keel Infrastructure Sells Paraguay Site for $13M, Exits Latin America
Keel Infrastructure sold its Paraguay facility for $13M, less than half the original price, completing its Latin American exit and shift toward AI data centers.
Bitcoin Reclaims $68K on Geopolitical Easing, ETF Inflows Return
Bitcoin climbed past $68,000 Tuesday, buoyed by geopolitical optimism and a return to net inflows for U.S. spot ETFs. Ether gained 2.8% to $2,096.20.
Bitcoin Retreats Below $67K Amid ETF Outflows and $14B Options Expiry
Bitcoin declined to around $66,900, pressured by significant outflows from U.S. spot ETFs and a massive $14.16 billion quarterly options expiry. The cryptocurrency's drop mirrored a fifth consecutive weekly loss for Wall Street.
Bitcoin Retreats Below $66K Amid ETF Outflows, Options Expiry, and Geopolitical Strain
Bitcoin dropped over 4% Friday, sliding below $66,000 as significant ETF outflows, a major options expiry, and Middle East tensions pressured the crypto market. Related equities like Coinbase and Marathon Digital saw steep declines.
Miner MARA Rises on Debt Buyback as Sector Diverges Amid AI Shift
Marathon Digital shares advanced following a $1 billion convertible note buyback funded by a bitcoin sale, contrasting with declines across several mining stocks as the industry grapples with rising costs and a strategic shift toward artificial intelligence.
Bitcoin Retreats from $70K as Macro Pressures Mount
Bitcoin declined 2.4% to $68,678, retreating from a brief push above $70,000. The pullback comes as ETF inflows slowed and macroeconomic headwinds from energy markets and interest rates intensified.
Bitcoin Retreats Below $72K as Fed Signals Limited Rate Cuts, Crypto Assets Slide
Bitcoin dropped below $72,000 following the Federal Reserve's decision to maintain interest rates and signal just one reduction in 2024. The broader crypto market and related equities faced selling pressure amid elevated inflation forecasts.
IREN's $6B Equity Plan Fuels AI Ambitions Amid Market Skepticism
IREN's stock fell 1.3% amid a broader tech selloff, as the company seeks to raise up to $6 billion through share sales to finance its pivot to AI cloud services, despite reporting a $155.4 million quarterly loss.
MARA Stock Slides Amid Bitcoin Retreat, AI Transition Costs Scrutinized
MARA Holdings shares declined 5.4% in premarket trading Friday as Bitcoin retreated toward $70,000, intensifying focus on the company's capital needs for its strategic shift into artificial intelligence and high-performance computing infrastructure.
Bitcoin Retreats as Regulatory Stalemate, Dollar Strength Weigh on Crypto
Bitcoin gave back recent gains, dropping 3.5% amid stalled crypto regulation talks and a stronger dollar. Market focus shifts to Friday's U.S. employment data.
IREN Plunges 7% on Friday Despite MSCI USA Index Inclusion
Shares of IREN Limited dropped 7.4% on Friday, closing at $40.95, even as the company was added to the MSCI USA Index. Trading volume surged to 52.66 million shares amid a broad market sell-off.
MicroStrategy Rises with Bitcoin Rebound as Annual Report Details Debt Strategy
MicroStrategy shares advanced alongside bitcoin's recovery, with the company's annual report revealing contingency plans involving share issuance or bitcoin sales to address its substantial long-term debt.
Ex-CEO Gets 20 Years for $200M Bitcoin Ponzi Scheme
Former Praetorian Group International CEO Ramil Palafox received a 20-year prison sentence for orchestrating a $200 million Bitcoin Ponzi scheme that defrauded investors worldwide.