IREN’s $625 million AI bet creates a $476 million stock overhang
The Aug. 4 filing covers 94.9% of the closing issuance; holders decide whether and when to sell. The post IREN’s $625 million AI bet creates a $476 million stock overhang appeared first on CryptoSlate.
Coins in this story
Discussion
Related stories
Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin
Bitcoin Magazine Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin Credit unions now have a production-ready path to offer Bitcoin and other digital asset services without relying on outside platforms. This post Circuit, DaLand Give Credit Unions a Direct Path to Bitcoin first appeared on Bitcoin Magazine…
Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects
Most of the balance is dedicated to project construction and debt service, while quarterly interest expense reached $51.2 million. The post Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects appeared first on CryptoSlate.
Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent
Cipher sold 1,619 BTC at a $47.7 million realized loss in the first half, while its new rent ramp remains undisclosed. The post Bitcoin miner sells 1,619 Bitcoin at a $47 million loss before its AI data center paid rent appeared first on CryptoSlate.