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CLSK News30 articles
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.
MARA Holdings Drops 3.9% as Crypto Mining Sector Faces Broad Selloff
MARA Holdings shares slid 3.9% to $12.79, lagging Bitcoin's bounce above $62,000, as the crypto mining sector faced broad selling pressure amid tech weakness and energy cost concerns.
Keel Infrastructure Tumbles on $458M Convertible Debt for AI Data Centers
Keel Infrastructure shares plunged 4.24% to $5.42 after a $458M convertible debt deal for AI data centers, sparking dilution worries. Volume doubled.
MARA Shares Tumble as Bitcoin Weakness Overshadows AI Pivot
MARA shares fell 4.3% as bitcoin slipped below $62,000, reinforcing the stock's sensitivity to crypto prices despite the company's AI and data-center pivot.
CleanSpark Shares Face Volatile Monday After Tech Rout Erases Mining Gains
CleanSpark stock slid to $15.59 after a broad tech and crypto selloff wiped out gains from a strong May update, setting up a tense Monday open as investors weigh rising bitcoin output against weak sentiment.
MARA Holdings Tumbles as Bitcoin Weakens and Tech Stocks Slide
MARA Holdings dropped 11.2% on Friday, ending a week of steep losses as bitcoin and tech stocks sold off. The company faces headwinds from its $1.1 billion bitcoin sale and a costly power deal.
MARA Slumps as Bitcoin Retreats Below $70K Amid AI Strategy Debate
MARA shares dropped 4.2% to $14.23 as bitcoin slid below $70,000, highlighting the miner's ongoing dependence on crypto prices despite its push into AI and power infrastructure.
HIVE Digital Revenue Soars 158% as AI Ambitions Face Crypto Headwinds
HIVE Digital Technologies shares rose to $4.89 after a 158% revenue surge to $297.8M, but a weak Q4 and Bitcoin's 4.5% decline capped gains as investors eye AI infrastructure.
MARA Stock Rises as Bitcoin Slips; AI Infrastructure Bet Gains Traction
MARA Holdings stock gained 4% to $14.95, diverging from bitcoin's decline, as the company's strategic shift toward AI-powered data infrastructure through a $1.5 billion acquisition captures market attention.
Sphere 3D Soars 57% After Completing Cathedra Bitcoin Merger
Sphere 3D shares jumped 57% after finalizing its merger with Cathedra Bitcoin, forming a larger digital infrastructure company with 53 MW online capacity and 1.2 EH/s hash rate. The stock traded at $2.99 on heavy volume, though Q1 revenue fell to $1.9 million with a $4.1 million net loss.
MARA Holdings Rises on AI Infrastructure Pivot, Long Ridge Deal
MARA Holdings rose 4.1% in a short week, driven by its $1.5 billion Long Ridge Energy acquisition and pivot to AI infrastructure, despite a Q1 net loss of $1.3 billion.
MARA Holdings Falls as Bitcoin Slide Overshadows AI Expansion Efforts
MARA Holdings shares fell 2.1% as bitcoin slid 1.7%, underscoring the company's continued sensitivity to crypto prices despite its AI push.
MARA Stock Rallies into Holiday, Bitcoin Holds Gains Ahead of Tuesday Trading
MARA Holdings shares rose 1.92% to $13.81 on Friday, gaining about 11% for the week. With Bitcoin trading near $76,590 over the weekend, Tuesday's market open will be a key test for the bitcoin miner.
MARA Holdings Rises on AI Infrastructure Shift Despite Bitcoin Decline
MARA Holdings shares climbed 3.25% to $13.99 on Friday, outperforming a falling bitcoin, as investors weigh the company's strategic shift toward AI and data-center infrastructure.
MARA Holdings Faces AI Strategy Test as CEO and CFO Sell Shares
MARA Holdings shares fell in pre-market trading after insider sales, as the company's $1.5 billion pivot into AI-powered data centers faces regulatory and execution risks.
CleanSpark Stock Surges as Wall Street Eyes AI Potential of Its Power Assets
CleanSpark shares jumped 7.4% on Wednesday after the company appointed a new senior finance executive, with Wall Street viewing its power assets as a play on AI infrastructure.
CleanSpark Gains as Bernstein Highlights AI Data Center Power Potential
CleanSpark shares rose 1.7% to $14.94 pre-market after Bernstein rated the stock Outperform with a $24 target, highlighting the value of bitcoin miners' power capacity for AI data centers.
CleanSpark Surges 9% as Bernstein Highlights Bitcoin Miners' AI Data Center Potential
CleanSpark shares rose 9.3% after Bernstein noted bitcoin miners' potential as AI data-center power providers, setting a $24 target and citing $90B in sector AI deals.
MARA Slips 6% as Bitcoin Miner's AI Transition Faces Key Trial
MARA shares dropped 6.4% to $12.44 after bondholders approved debt amendments for its Long Ridge Energy deal, a key step in its AI pivot. The miner reported a $1.26B Q1 net loss.
MARA Holdings Rises Despite Loss as AI Power Strategy Takes Shape
MARA Holdings shares rose 3.6% premarket Tuesday despite a $1.3B loss and revenue miss, as investors focus on debt reduction, Bitcoin sales, and an AI infrastructure pivot.
CleanSpark Faces $378M Loss as Bitcoin Slump and AI Transition Test Strategy
CleanSpark posted a $378.3 million net loss in fiscal Q2, driven by a $224.1 million bitcoin fair-value loss and a 24.9% revenue decline to $136.4 million. Its AI/HPC pivot has yet to generate revenue.
MARA Holdings Faces Key Test as AI Pivot and Earnings Collide
MARA Holdings shares rose nearly 6% ahead of Q1 earnings. The bitcoin miner's AI pivot faces scrutiny as investors await updates on its $1.5B Long Ridge acquisition and mining economics.
AI Rally Drives S&P 500 and Nasdaq to New Highs Despite Oil Price Surge
The S&P 500 and Nasdaq closed at record highs Friday, driven by AI chip stocks and a better-than-expected April jobs report, even as oil prices climbed. Nvidia, Micron, and SanDisk posted strong gains.
MARA Stock Gains Despite Analyst Target Cut as Miner Pivots to AI Infrastructure
MARA Holdings stock advanced 1.7% to $9.67 Thursday, shrugging off a price target reduction from Cantor Fitzgerald. The company is selling bitcoin holdings and repurchasing debt to fund a strategic shift toward artificial intelligence and cloud infrastructure.
Marathon Digital Sells $1.1B in Bitcoin to Reduce Debt, Fund AI Expansion
Marathon Digital Holdings shares gained 3.6% premarket after the company sold $1.1 billion in Bitcoin to fund a discounted debt buyback, reducing convertible obligations by approximately 30%.
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.
MARA Stock Slides 6% Amid Bitcoin Retreat Below $70K
MARA Holdings shares dropped 6% on Tuesday, mirroring a 2.3% decline in Bitcoin below $70,000. The company's substantial Bitcoin holdings and new balance sheet sales strategy amplify its exposure to cryptocurrency volatility.
MARA Stock Drops Amid Bitcoin Decline and Fed Uncertainty
MARA Holdings shares declined alongside Bitcoin after the Federal Reserve held rates steady, with the company posting a significant annual loss and executives filing to sell shares.
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.
TeraWulf Stock Pulls Back After Kentucky Data Center Loan, Construction Start
TeraWulf Inc. shares retreated Tuesday, giving back a portion of Monday's sharp gains after announcing financing and construction approval for a major Kentucky data center project, underscoring its strategic pivot toward AI and high-performance computing.