Bitcoin miner Bitdeer has liquidated its full Bitcoin treasury, selling both newly mined coins and reserve holdings. The move comes as mining firms adjust capital strategies amid tighter industry margins.
Cango secured $75.5 million in fresh equity financing following a $305 million Bitcoin sale, as the miner shifts toward AI and high-performance computing infrastructure.
Bitcoin miner Cango sold $305 million in BTC to repay debt and strengthen its balance sheet as it pivots toward AI and high-performance computing.
Riot Platforms shares rose after the bitcoin miner sold part of its BTC holdings to finance a Texas land acquisition tied to data center expansion.
Hut 8 shares surged after the Bitcoin miner announced a large-scale AI infrastructure partnership and a long-term data center lease tied to hyperscale demand.