How STRC lost its par: The timeline behind Strategy's preferred-stock meltdown
From a bond buyback and dwindling cash reserves to a bitcoin bear market, the sequence of events that turned STRC's par-value challenge into a marketwide debate....
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JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost
Bitcoin Magazine JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost JPMorgan says Bitcoin mining economics have deteriorated as BTC trades about 19% below its estimated $78,000 production cost, forcing public miners into record coin sales and rendering roughly 20% of the industry unprofitable. This post JPMorgan: Bitcoin Minin...
Texas questions whether AI data centers should pay for the grid they strain
Texas spent years courting AI companies, cloud providers, and Bitcoin miners with cheap electricity, abundant land, and a sales tax exemption that's grown into one of the state's costliest incentive programs. But now, Governor Greg Abbott has told state regulators to flip the arrangement, directing them to require data centers to fund the grid they […] The p...