CleanSpark shares slide after reporting $378M fiscal second quarter loss
CleanSpark posted a $378.3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines....
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Galaxy Digital to manage Sharplink’s new $125 million onchain yield play
Galaxy Digital will manage a $125 million onchain yield fund with Sharplink, deploying $100 million from Sharplink's staked ETH treasury and $25 million from Galaxy into DeFi strategies. The fund maintains core ETH exposure while generating active yields across liquidity protocols. Sharplink holds 872,984 ETH and generated 18,800 ETH in staking rewards since June 2025.
Aave launches binding Arbitrum vote to move $71 million in disputed ETH
Aave launched a binding Arbitrum governance vote to transfer $71 million in disputed ETH from last month's Kelp DAO hack exploit. The proposal moves 30,765 ETH to Aave LLC custody per court order, amid competing claims from DeFi users and U.S. terrorism judgment creditors. Voting begins May 15, with legal restrictions remaining on asset use.
Bitcoin miner MARA sold $1.5 billion of bitcoin as it shifts toward AI infrastructure
Marathon Holdings (MARA) sold $1.5 billion in bitcoin during Q1, pivoting toward AI infrastructure and data centers while mining hashrate grew 33% year-over-year. The company dropped to fourth-largest public bitcoin holder, signaling a strategic shift away from pure mining toward high-performance computing, with plans to redirect 90% of capacity toward AI operations via its $1.5 billion Long Ridge acquisition.