Fluidstack Seeks $700M at $7B Valuation as AI Data Center Boom Accelerates
AI cloud-computing startup Fluidstack is reportedly in talks to raise $700 million in a new funding round that would value the company at about $7 billion.
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Greenidge Sells South Carolina Land and Power Rights as Bitcoin Mining Footprint Shrinks
Bitcoin miner and power provider Greenidge Generation is selling its remaining land holdings in Spartanburg, South Carolina, along with rights to 60 MW of future electrical service.
IREN Plans $2B Convertible Issuance, Adds Equity Sale as Bitcoin Miners Deleverage
IREN plans to raise $2.3 billion through new convertible bonds and a concurrent equity sale, aiming to reduce portions of its outstanding debts as bitcoin’s hashprice hovers near all-time lows.
Miner Weekly: Bitcoin Mining’s Toughest Margin Crunch
Bitcoin mining has entered the harshest margin environment of all time with hashprice slipping to $35/PH/s. At this level, profitability stress is no longer theoretical; it’s systemic.
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