Last checked
RefreshEstimated news impact scores by coin. Scores are not price-change percentages.
THE BLOCK: Bernstein analysts say Texas' audit of data center projects under ERCOT will throttle speculative development and delay future expansion projects. The firm expects existing grid-approved capacity to become more valuable, benefiting operators such as IREN and Riot Platforms. $IREN $RIOT
Hut 8 and IREN Secure Major AI Deals as Crypto Miners Expand Beyond Bitcoin Hut 8 signed a second 15-year AI data center lease worth $9.8 billion, fully commercializing its 1 GW Beacon Point campus in Texas. Separately, IREN secured $2.8 billion in new multi-year AI cloud contracts and raised its year-end 2026 annualized AI cloud revenue target to more than $4 billion, highlighting the growing shift of crypto miners toward AI infrastructure.
THE BLOCK: Hut 8 and IREN each unveil billion-dollar AI infrastructure deals as the miner-to-AI pivot accelerates. $HUT signs a second $9.8 billion lease to fully commercialize its 1 GW Texas campus at $19.6 billion. $IREN adds $2.8 billion in contracts and lifts its 2026 revenue target above $4 billion.
THE BLOCK: Hut 8 and IREN each unveil billion-dollar AI infrastructure deals as the miner-to-AI pivot accelerates. $HUT signs a second $9.8 billion lease to fully commercialize its 1 GW Texas campus at $19.6 billion. $IREN adds $2.8 billion in contracts and lifts its 2026 revenue target above $4 billion.
According to CryptoSlate, 70% of the world’s top 10 Bitcoin miners now rely on AI revenue to endure the bear market. Seven major firms — including Marathon, CleanSpark, Iris Energy, TeraWulf, and Core Scientific — have launched or profit from AI/HPC operations, while the remaining three are planning to do so. AI hosting revenue now exceeds traditional mining, generating about 50% higher annual income per MW. https://t.co/NzvoTklok6
🎧 Catch the latest episode of 'THE MINING POD: Cipher’s Amazon Deal, IREN’s Microsoft Deal, Q3 Earnings Recap, and is China Winning the AI Race?,’ in partnership with @blockspacepod! Notes: • Cipher signs $5.5B AWS deal for 300MW facility • IREN inks $9.7B Microsoft cloud compute agreement • Hash price crashes to $40 per petahash per day • Bitcoin retraced from $126K to $101K support • Cipher announces 1GW data center JV project • Pacific Power fails to deliver Amazon capacity 📨 https://t.co/FPReffOk62 📺 Watch: https://t.co/PbCiGum2c6 🎧 Spotify: https://t.co/29KOJxsRlk 🎧 Apple: https://t.co/zsciwLyHp9
'Own power, get a $9.7B Microsoft deal': Bernstein raises IREN price target to $125 following lucrative AI cloud contract https://www.theblock.co/post/377570/own-power-get-a-9-7b-microsoft-deal-bernstein-raises-iren-price-target-to-125-following-lucrative-ai-cloud-contract?utm_source=twitter&utm_medium=social
IREN on track to $1 billion in annualized bitcoin mining revenue https://www.theblock.co/post/368718/iren-on-track-to-1-billion-in-annualized-bitcoin-mining-revenue?utm_source=twitter&utm_medium=social
Crypto miner Iren surpasses MARA in both Bitcoin production and fleet utilization in July https://www.theblock.co/post/365870/crypto-miner-iren-surpasses-mara-in-both-bitcoin-production-and-fleet-utilization-in-july?utm_source=twitter&utm_medium=social
IREN becomes latest bitcoin miner to hit 50 EH/s hashrate milestone while expanding AI infrastructure https://www.theblock.co/post/360513/iren-hashrate-miner?utm_source=twitter&utm_medium=social
.@jpmorgan cut price targets for $BTC miners in its coverage by 19%-29%. The bank upgraded @IREN_Ltd to overweight from neutral, and cut @CipherInc to neutral from overweight. @willcanny99 reports trib.al/dRJSKYQ
For the major listed Bitcoin miners, we award $CLSK the gold medal for the largest market share gain in terms of production Market share percentage change 1. CLSK 🥇 7.3% gain 2. RIOT 🥈 5.2% gain 3. IREN 🥉 5.0% gain farside.co.uk/miners/
.@jpmorgan estimates the $BTC mining opportunity at about $74 billion at current prices, in a report reducing its price targets for $CLSK, $IREN, $MARA and $RIOT. trib.al/zWQgWVP
.@jpmorgan estimates the $BTC mining opportunity at about $74 billion at current prices, in a report reducing its price targets for $CLSK, $IREN, $MARA and $RIOT. @willcanny99 reports trib.al/KHCbpDm
.@BernsteinBuzz says $BTC miners have significant upside from the power portfolios they control, and $RIOT, $CLSK and $IREN are best positioned to grow market share in bitcoin production. @willcanny99 reports. @BernsteinGautam trib.al/AgXk6GX
.@CG_Driven says $IREN is poised to become the most efficient and one of the biggest publicly listed $BTC miners and has significant HPC optionality. trib.al/wROOOPf
.@CG_Driven says $IREN is poised to become the most efficient and one of the biggest publicly listed $BTC miners and has significant HPC optionality. @willcanny99 reports trib.al/v4mg68G
Bernstein hits back at Culper's short report on mining firm IREN; values Block and Core Scientific deal at $300 million theblock.co/post/305027/be…
.@BernsteinBuzz says $BTC miners are attractive partners to help build AI data centers due to their readily available power supplies and operating capabilities. The broker initiated coverage of $IREN and $CORZ with outperform ratings. trib.al/rnRciBc
Bernstein reiterates $200,000 bitcoin target, initiates coverage on Core Scientific and IREN https://www.theblock.co/post/304425/bernstein-core-scientific-iren-bitcoin-target?utm_source=twitter&utm_medium=social
.@BernsteinBuzz says $BTC miners are attractive partners to help build AI data centers due to their readily available power supplies and operating capabilities. The broker initiated coverage of $IREN and $CORZ with outperform ratings. By @willcanny99. trib.al/XQzpiFD
.@jpmorgan says the $BTC mining sector is attracting more interest from investors following news of the $CORZ deal with @CoreWeave and says $IREN is best positioned to take advantage of the HPC/AI opportunity. @willcanny99 reports trib.al/Yhk5Jj9
Showing 38 of 38 stories. Filters apply to the full news archive.