News · Cryptocurrency & Blockchain
Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.
Read the full story at CointelegraphOriginal publisher: Cointelegraph
This content is for information only and is not investment advice. See our disclaimers.
Spotted an error? Request a correction · Corrections Policy
Related stories
Crypto's powerhouse super PAC, Fairshake, found its kryptonite
The industry's primary campaign arm had cultivated a reputation as an unstoppable force, but more than a third of its spending failed to hit the mark, especially in Ohio.
CoinDesk ·
Trump-linked tokens lead crypto losses after Democrats sweep in the US midterms
The official Trump and World Liberty Financial tokens were the two biggest losers among the top 100 cryptocurrencies on Wednesday even as Bitcoin and Ether rallied.
Cointelegraph ·
Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income
Circle is looking to payments fees and future staking rewards to diversify revenue as its core stablecoin business faces pressure from lower yields and growing competition.
Cointelegraph ·
Crypto Long & Short: ICE is betting on retail’s appetite for quick outcomes
Retail traders increasingly want trades that resolve fast, from prediction markets to same-day options. Andy Baehr of GSR argues perpetual futures belong in that group, and that ICE’s deal to bring Trade[XYZ]’s Hyperliquid markets onshore is a play for that customer, one that doesn’t need a crypto asset to work.
CoinDesk ·
Live updates: Bitcoin and stocks reverse overnight plunge following Blue Wave landslide
The biggest losers, so far, are the AI data center stocks following victories for several candidates who campaigned expressly against the sector.
CoinDesk ·
France backs reporting for self-custodied crypto worth 100K euros or more
The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.
Cointelegraph ·