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BTBT News30 articles
Galaxy Digital Surges on AI Data Center Value Shift
Galaxy Digital shares surged 23.6% to $31.07 after CEO Mike Novogratz stated its AI data center now represents over half the company's value, shifting focus from crypto.
Bitmine Shares Fall 7.7% as Ethereum Slide Tests Tom Lee's $13.4B Treasury Bet
Bitmine shares slid 7.7% Friday as ether dropped 3.4% to $2,221, testing the company's strategy of holding 4.31% of ETH supply. Peer Bit Digital reported Q1 revenue fell 13.6%.
MARA Holdings Faces Key Earnings Test After $1.5B Energy Deal
MARA Holdings reports Q1 earnings Monday, with investors focused on its $1.5B Long Ridge Energy deal and efforts to avoid a $600M bond buyback. The stock rose 2% Friday to $12.94.
Canada Targets Crypto ATMs and Establishes Federal Financial Crimes Agency
Canada plans to ban cryptocurrency ATMs and establish a new Financial Crimes Agency with police powers, citing over C$704 million in fraud losses in 2025.
IREN shares tumble 9.5% as Bitcoin slide and AI spending jitters weigh
IREN shares fell 9.5% to $49.51, underperforming peers, as Bitcoin slid below $60,000 and analysts questioned its AI cloud pivot, chip delivery risks, and $4.4 billion revenue goal.
Bitcoin Dips Below $60K as ETF Outflows Persist and AI Stocks Lure Capital
Bitcoin dropped below $60,000 as ETF outflows hit $6 billion over six weeks and investors pivoted to AI stocks. 10x Research warns of a possible slide to $55,000.
Bitmine Stock Slides 7% as Ether Decline Pressures $10.7B Crypto Holdings
Bitmine stock dropped 7.3% as ether slid 5.1%, threatening the value of its massive $10.7B crypto treasury. The company warned of risks to asset values and capital-raising ability.
MARA Holdings Plunges After Share Plan Approval and Bitcoin Drop
MARA Holdings shares fell nearly 8% after shareholders approved an 18 million-share increase to its equity incentive plan, raising dilution concerns as bitcoin dropped 4.9% and insiders sold shares.
Strategy Inc Shares Tumble as Bitcoin Buying Strategy Faces Investor Backlash
Strategy Inc shares plunged 5.2% to $98.45 after selling $335.5 million in stock to buy 520 bitcoin, raising concerns as dollar reserves dropped 38% and dividend coverage shrank.
Bitcoin Slides as BlackRock ETF Outflows Weigh on Market Sentiment
Bitcoin dropped 2.3% to $60,843 as BlackRock's IBIT ETF saw $354M in outflows, while other U.S. spot bitcoin ETFs posted net inflows. Options skew suggests traders are paying up for downside protection.
MARA Holdings Slips in Premarket as Bitcoin and Nasdaq Weakness Weigh on Crypto-AI Play
MARA Holdings fell 3.16% in premarket trading Tuesday after shareholders approved an 18 million-share increase to its equity incentive plan, as bitcoin and Nasdaq weakness weighed on the stock.
OpenAI's $100B Ad Revenue Goal Fuels IPO Ambitions Amid Cost Challenges
OpenAI expects $2.5B in ad revenue this year, projecting $100B by 2030, as it rolls out ChatGPT ads in emerging markets to strengthen its case for a $1T IPO.
MARA Holdings Jumps 12.8% as Market Eyes Power Assets Beyond Bitcoin
MARA Holdings jumped 12.8% to $16.04, far outpacing bitcoin's 2.1% gain, as traders valued its power assets and AI data-center potential over its bitcoin holdings.
Bitcoin Climbs to $65K as Iran Talks Boost Sentiment, but Institutional Demand Remains Tepid
Bitcoin climbed 1.9% to $65,201 as U.S.-Iran peace talk progress boosted risk appetite, but ETF outflows and Strategy's limited bitcoin purchases suggest the rally lacks key demand support.
STRC Preferred Shares Slide, Threatening Strategy's Bitcoin Funding Model
Strategy's STRC preferred shares dropped to $82.61, threatening its ability to cheaply raise cash for bitcoin and raising risks of higher dividends or dilution.
Hyperscale Data Surges on AI Data Center and Bitcoin Prospects
Hyperscale Data shares climbed 8.4% to 43.12 cents on heavy volume, driven by its AI data-center push and Bitcoin holdings. A potential Michigan agreement for 20 MW of AI compute capacity remains under negotiation.
Bitcoin Dips as Fed Signals Higher Rates, ETF Outflows Mount
Bitcoin retreated to $64,215 after the Federal Reserve's hawkish stance, with $82.2 million exiting spot bitcoin ETFs and Strategy shares falling 5.2%.
MARA Holdings Rises on Bitcoin Treasury Speculation
MARA Holdings shares rose 2.1% on heavy volume amid unconfirmed reports of a 1,000 Bitcoin treasury purchase. The stock outperformed the broader market despite Q1 revenue and net loss declines.
Bitmine Stock Rises as Ethereum Holdings Hit 5.62 Million ETH
Bitmine Immersion Technologies (BMNR) jumped 6.21% to $17.11 after revealing its Ethereum treasury reached 5,620,754 ETH, representing 4.66% of total supply.
BitMine's Ethereum Holdings Surge to 5.62M ETH, Stock Climbs Ahead of Preferred Debut
BitMine Immersion Technologies shares jumped 6.7% to $17.19 after revealing a massive Ethereum treasury of 5.62 million ETH, ahead of its Series A preferred stock listing on the NYSE.
Ethereum Rebound Watch: BitMine Accumulates 5.62M ETH, Lee's $22K Target in Focus
BitMine boosts Ethereum stash to 5.62M ETH, reigniting debate over Tom Lee's $22,000 target as ETH trades near $1,775.
Bitcoin Recaptures $65,700 as Geopolitical Fears Ease; Fed Meeting in Focus
Bitcoin rebounded to $65,717 as geopolitical tensions eased and spot-Bitcoin ETFs saw renewed inflows. The Federal Reserve's upcoming policy meeting is the next key catalyst for crypto markets.
MARA Gains 3.45% as Bitcoin Steadies Near $64,000; Long Ridge AI Deal in Focus
MARA stock rose 3.45% on Friday, driven by bitcoin's stability near $64,000 and anticipation of the Long Ridge AI pivot. Q1 results showed revenue decline and a large net loss, with the June 18 annual meeting as the next major event.
Elbit Systems Surges 11.5% on German SkyStriker Deal and US Howitzer Pact
Elbit Systems shares surged 11.5% on June 11 after announcing a strategic partnership with Diehl Defence for SkyStriker loitering munitions and a US howitzer pact with Anduril.
Cuban Dumps Bitcoin, Calls It 'Lost the Plot' as Price Tops $64K
Mark Cuban says Bitcoin has lost its purpose as a hedge, revealing he sold most of his holdings before recent conflicts, even as BTC briefly topped $64,000.
MARA Holdings Rises on Bitcoin Rebound; Long Ridge Deal in Focus
MARA Holdings shares rose 3% as Bitcoin bounced back, drawing attention to the company's large BTC stash and the pending $1.5 billion Long Ridge acquisition.
Bitmine Stock Climbs After Preferred Share Sale, Ethereum Accumulation
Bitmine Immersion Technologies shares gained 5.6% to $16.52 after closing a $273.8M preferred stock sale, with proceeds likely for Ethereum purchases and staking. The firm now holds 5.54M ETH, or 4.59% of total supply.
MARA Shares Rise as Bitcoin Steadies, Q1 Loss and AI Pivot Draw Attention
MARA shares rose 5.2% to $13.27 as bitcoin steadied near $63,375, even as Q1 net loss widened to $1.26 billion. AI pivot and Long Ridge acquisition remain key investor concerns.
UTime Shares Surge 48% Pre-Market on Financing Deal and Web3 Ambitions
UTime shares surged 48% in pre-market trading, driven by investor focus on a $50 million financing deal and the proposed Feixiaohao Web3 acquisition, despite dilution concerns.
Pop Culture Group Rockets 322% on Revenue Surge, Bitcoin Losses Curb Gains
CPOP surged 322% to $1.52 after half-year revenue rose 65% to $68.9 million, driven by digital entertainment. Net profit dropped as Bitcoin and securities losses weighed.