Hut 8 locks in $1B credit line, but faces 40% liquidity rules
Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line. The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its…
How cutting power to Bitcoin miners can actually burn more energy
Some Bitcoin mining vardiff (variable difficulty) controllers can keep demanding work calibrated for a machine’s former speed after it cuts hashrate. The miner can keep hashing and consuming electricity while accepted shares become vanishingly…
Bitcoin miners have amassed $100 billion of AI deals, but almost none of the revenue exists yet
Bitcoin miners have signed more than $100 billion in AI contracts while generating barely $1.1 billion in annualized revenue. More than 4 gigawatts of artificial intelligence and high-performance computing capacity are under contract across publicly…
Coinbase CEO sees Bitcoin at $400,000, but first it has to clear $81,000
Coinbase CEO Brian Armstrong says Bitcoin’s latest bottom is already in, even as the cryptocurrency remains below a level that historically confirmed recoveries. Armstrong said in Sept. 10 interviews with Bloomberg and CNBC that he expects Bitcoin to…
Privacy coin flaw risks endless token creation, leaving node operators with a deadline in hours to fix it
The Firo hard fork was 153 blocks away from activation early Friday, leaving wallet users and network operators only hours to install software that repairs an August vulnerability in the privacy coin’s Spark transaction system. The chain reached block…
Scan reveals 96,000 fake-address outputs clogging Bitcoin’s unspent database
Blockchain data company Bitquery published a census on Sept. 2 of four ways text appears in Bitcoin, scanning 965,135 blocks and revealing that the same words can impose very different costs on nodes. Its study counted 13,062 OP_RETURN taunt transactions…
A validator reward failure on Core DAO triggers exchange transfer blocks and leaves token issuance in question
Core DAO validator rewards exceeded the protocol’s intended levels for a small group of validators, the project said, creating an unresolved supply question for the CORE token as two exchanges restricted transfers. Core DAO said it had identified…
AI data centers are learning the power trick Bitcoin miners mastered first
Every answer you get from an AI chatbot begins with electricity. The words appear on your screen, but the actual work happens in a distant building packed with computer chips. Those chips draw power, move data, and produce enough heat to require…
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.…
One mid-tier Bitcoin treasury just gambled its entire BTC reserve on a single 30-day reset price
PowerCompute, a Bitcoin treasury and mining company, added $3.765 million to its debt after an early Bitcoin collar reset involving 307 BTC. The executed schedule records the unwind cost as added principal rather than cash or USDC. The company’s Aug. 28…