Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of power
BitGo’s NYDIG deal transfers its institutional trading business to the digital-asset custody and trading infrastructure provider, while NYDIG says it is concentrating resources on power, Bitcoin mining and high-performance-computing data centers.…
A $1 billion meme coin purchase puts a huge 167% share dilution down to a single vote for ZeroStack
ZeroStack’s Aug. 21 resale registration puts a shareholder vote between the company and 36.2 million new shares tied to its MemeCore acquisition, a warrant block larger than its current outstanding stock. The company completed the transaction on Aug. 19,…
A $22.9 million capital deficit threatens to derail an energy firm’s pivot to off-grid Bitcoin mining
Olenox Industries is an energy company that acquired Bitcoin miner CS Digital Ventures in May. It reported preliminary July production of 15.13 BTC against a June 30 balance sheet. The balance sheet carried $1.21 million of cash and $26.26 million of…
Zcash miner buys 9.4% of merger target that warns failed deal could end in liquidation
Fortitude Mining, Digital Currency Group’s Zcash-focused miner, bought a 9.4% stake in Nasdaq-listed HeartSciences for about $1 million, giving its proposed merger partner cash for operating expenses while shareholder approval remains pending. The…
Datavault wants to buy a bank and fund it with $35 million after reporting $1.4 million cash
Datavault AI has agreed to acquire BankWyse, a Wyoming banking institution, while promising funding substantially larger than the cash it reported at the end of June. The mismatch leaves a central question for the proposed deal: How can Datavault finance…
This Bitcoin miner just signed a $350 million AI deal, but it needs $185 million to make it work
HIVE Digital Technologies’ $350 million AI cloud contract depends on a $185 million GPU buildout that must be completed in the fourth quarter before most of the revenue can begin. The five-year agreement, signed by HIVE’s BUZZ High Performance Computing…