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19 May 2026, 23:01
Bitcoin miners announce $90 billion in AI sector deals
🚨 $90 billion in AI infrastructure deals announced by Bitcoin miners. Public mining companies now control over 27 gigawatts of electricity capacity. Continue Reading: Bitcoin miners announce $90 billion in AI sector deals The post Bitcoin miners announce $90 billion in AI sector deals appeared first on COINTURK NEWS .
19 May 2026, 20:00
X ‘cop’ unveils active user dashboard in content optimization rollout
Nikita Bier, X’s head of product, has announced that a new content optimization feature is now live on the platform, crediting team members Lingyun Gao and Zach Warunek for shipping the update. The new feature comes after Bier shared screenshots of a conversation from May 18 where a person behind the now-suspended X account, @neptune_btc1, offered to help him boost engagement on X, a clear violation of the platform’s policy. Bier wrote , “This is equivalent to trying to sell a cop drugs while he’s in uniform in his police car.” The remark captured the part product builder, part platform enforcer posture Nikita has adopted throughout 2026. The conversation with Nikita Bier that led to the suspension of an X user’s account. Source: Nikita via X/Twitter Nikita Bier has led X crackdowns in 2026 The “cop” moment was the latest in a string of enforcement actions under Bier’s watch. In January, Cryptopolitan reported that X revoked API access from so-called InfoFi projects, which rewarded users for posting and had flooded the platform with bot-generated replies and AI-written content. At that time, Bier stated that they “will no longer allow apps that reward users for posting on X (aka “infofi”). According to Bier, these projects led to an increase in the amount of AI slop and reply spam on the platform, adding that the changes should improve the user experience “once the bots realize they’re not getting paid anymore.” By April, X had rolled out an auto-lock system targeting accounts that post about cryptocurrency for the first time . The mechanism forces identity verification before the account can post again, a measure Bier said “should kill 99% of the incentive” for criminals who steal accounts to push fake investment schemes. The same month, Nikita disclosed that cryptocurrency had become the most muted topic on X since the platform launched its Snooze Topics feature for premium users. Politics, the Iran conflict, and sports followed in the ranking. The most snoozed (i.e., muted) topics since launching the snooze feature: 1. Crypto 2. Politics 3. Iran Conflict 4. Sports 5. Business & Finance 6. Gaming 7. Artificial Intelligence 8. Videos 9. Science & Technology 10. Entertainment & Arts https://t.co/ycp7OBHp8B — Nikita Bier (@nikitabier) April 30, 2026 How is Bier’s relationship with crypto? While Bier has pushed for crypto integration through features like ticker-linked trading and cashtag labeling, he is also simultaneously cutting off projects and practices he considers parasitic. In March 2025, Bier announced that he was joining Solana as an advisor, stating that the blockchain had “the fundamental building blocks for something to break out on mobile.” In the same thread, he acknowledged having “mixed opinions on crypto over the years” but pointed out that the regulatory environment had shifted enough to make the space attractive for consumer product builders. That advisory role came months before his January crackdown on InfoFi projects and his February comments about crypto spam during X’s. “I genuinely want crypto to proliferate on X,” Bier wrote in February 2026, “but applications that create incentives to spam, raid, and harass random users is not the way.” What the new feature signals The shipped update , announced with a simple “Shipped” and credits to his team, fits into X’s push toward content optimization tools, including the Creator Connect feature. The feature allows premium users to know the number and percentage of their followers who have been active in the past 24 hours. Also, X still holds money-handling licenses in more than 40 U.S. states and is still testing its X Money digital wallet. X has over 600 million monthly users and has plans to reach one billion. The platform’s product direction under Bier has combined financial feature expansion with increasingly aggressive content policing. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
19 May 2026, 19:55
Canaan Reports $88.7 Million Net Loss in Q1 as Bitcoin Mining Revenue Slumps
BitcoinWorld Canaan Reports $88.7 Million Net Loss in Q1 as Bitcoin Mining Revenue Slumps Bitcoin mining hardware manufacturer Canaan Inc. recorded a net loss of $88.7 million in the first quarter of 2025, the company announced in its latest earnings report. The steep loss comes as the firm grapples with declining computing power sales and a sustained drop in the average price of Bitcoin, two factors that have weighed heavily on its top-line performance. Revenue Decline and Market Pressures Canaan reported revenue of $62.7 million for the quarter, a figure that aligned with the company’s prior market guidance but marked a significant 68.1% decline from the previous quarter. Compared to the same period last year, revenue fell by 24.3%. The company attributed the weak performance to a decrease in the total computing power sold, as well as a lower average selling price for its mining machines, which are priced in Bitcoin terms and thus sensitive to the cryptocurrency’s market value. Bitcoin Price Impact and Industry Context Bitcoin’s price averaged around $62,000 during Q1 2025, down from roughly $70,000 in Q4 2024 and significantly below its all-time highs. For mining hardware manufacturers like Canaan, a lower Bitcoin price reduces the profitability of mining operations, leading miners to delay or scale back equipment purchases. This dynamic has created a challenging demand environment for Canaan and its peers, including Bitmain and MicroBT. Operational and Financial Implications The $88.7 million net loss represents a sharp reversal from the company’s performance in earlier quarters, when rising Bitcoin prices and strong demand for mining rigs drove revenue growth. Canaan’s cost structure, including research and development expenses and inventory write-downs, has not adjusted quickly enough to offset the revenue decline. The company’s cash position and ability to weather a prolonged downturn will be closely watched by investors and analysts. Outlook and Strategic Response Canaan management has indicated plans to focus on cost optimization and product efficiency improvements in the coming quarters. The company is also exploring diversification into other high-performance computing markets, such as artificial intelligence, to reduce its reliance on the volatile cryptocurrency mining sector. However, near-term visibility remains low, and the company has not provided specific revenue guidance for Q2 2025. Conclusion Canaan’s Q1 2025 results underscore the persistent vulnerability of Bitcoin mining hardware manufacturers to cryptocurrency price cycles. While the company’s revenue met its own expectations, the magnitude of the net loss highlights the operational leverage inherent in the business. For investors and industry observers, the key question remains whether Canaan can navigate the current downturn without further significant financial erosion, or whether a recovery in Bitcoin prices is needed to restore profitability. FAQs Q1: Why did Canaan’s revenue drop so sharply in Q1 2025? A1: The revenue decline was driven by two main factors: a decrease in the total computing power (hashrate) of mining machines sold, and a lower average selling price for those machines. Both were influenced by the drop in Bitcoin’s average price during the quarter, which reduced miner demand for new hardware. Q2: How does Bitcoin’s price affect Canaan’s business? A2: Canaan’s mining machines are priced in U.S. dollars but their value is closely tied to Bitcoin’s market price. When Bitcoin falls, mining becomes less profitable, leading miners to reduce capital expenditures on new equipment. This directly reduces demand for Canaan’s products and compresses its margins. Q3: Is Canaan at risk of financial distress? A3: While the $88.7 million net loss is significant, Canaan has maintained a cash reserve from prior profitable periods. However, if the downturn persists for multiple quarters, the company may face liquidity pressure. Management is actively cutting costs and exploring new markets to mitigate the risk. This post Canaan Reports $88.7 Million Net Loss in Q1 as Bitcoin Mining Revenue Slumps first appeared on BitcoinWorld .
19 May 2026, 19:35
Bitcoin Miners Emerge as Unlikely Power Brokers in AI Infrastructure Race, Says Bernstein
Bernstein remains bullish on Bitcoin mining firms like IREN, Riot, and CleanSpark, who are all riding the wave of AI compute demand.
19 May 2026, 17:35
Lolli and Kard tap Bitcoin cashback in push to dominate booming crypto card payment sector
Lolli, the Bitcoin rewards platform that is part of Thesis*’s growing portfolio of Bitcoin-native products, has partnered with Kard, an independent commerce media network, to offer card-linked Bitcoin cashback rewards to its users. The integration is supposed to allow Lolli’s more than 600,000 account holders to earn Bitcoin automatically on qualifying purchases across Kard’s network of merchants, including Dropbox, Hydro Flask, and Stanley 1913, among others. The deal is reportedly Lolli’s biggest product upgrade since joining the Thesis* portfolio and expands its merchant offer catalog by thousands of listings without adding more operational overhead on Lolli’s side. “Most people don’t want to think about earning Bitcoin. They want to live their lives and have it happen,” Thesis*’s cofounder Matt Luongo shared in a statement, explaining how its partner, Kard, lets them deliver that service. “Our users link a card once, and Bitcoin shows up in their wallet from spending they were already going to do,” he stated. How can users link cards to Lolli? The Bitcoin cashback program comes with popular demand as users have pushed their card providers and platforms to launch similar products in the past. The only difference is that these platforms are the ones providing the cards , with some offering debit cards while others offer credit cards that give users cashback when they transact with the cards. Lolli and Kard’s partnership does not involve issuing cards; it leverages existing cards such as Visa and Mastercard. Users can link their Visa or Mastercard to the Lolli app. Purchases that qualify for cashback at participating merchants automatically trigger Bitcoin rewards that are posted directly to the user’s Lolli wallet. The rewards can be withdrawn from the wallet via Lightning Network or routed into other products within the Thesis* stack, one of which is Mezo, its Bitcoin borrowing and yield layer, that offers a fixed 1% APR. Kard’s infrastructure runs the merchant side as it utilizes first-party transaction data drawn from tens of millions of cardholders. Its predictive AI layer personalizes offers at scale, and this gives merchant partners access to a Bitcoin-native consumer base that they wouldn’t have been able to reach via conventional rewards programs. According to Kard’s CEO Ben Mackinnon, “Lolli’s audience is one of the most distinctive consumer cohorts in the rewards space.” He added that they are excited to power infrastructure that lets them earn Bitcoin in the background of their everyday spending. What does this mean for the Thesis* ecosystem? For Thesis*, Lolli is functioning as the consumer entry point to what it calls a circular Bitcoin economy, which is a closed-loop system where users accumulate Bitcoin through Lolli, borrow against it on Mezo, and spend it through integrations, including Bitrefill, all without liquidating their holdings, and this partnership is a way to get more users into that loop. The partnership with Kard is expected to help them achieve this at a larger scale. Lolli and Kard leverage simple Bitcoin cashback for mass adoption Cashbacks have long been used as user acquisition and retention tools, and in Lolli’s case, card-link rewards make it easier for people who were likely to be turned off from the whole process of engaging in crypto loyalty programs. Lolli and Kard are also banking on the straightforwardness of their passive accumulation model to differentiate their Bitcoin cashback program from earlier models that required users to activate offers individually, install browser extensions, alter purchasing habits to capture rewards, or perform a series of actions before activating the reward. If you're reading this, you’re already ahead. Stay there with our newsletter .
19 May 2026, 16:30
Bitcoin Near $77K as Yields Spike, Canaan Loses $88.7M, Ledn Eyes $1T Loans
Bitcoin News Bitcoin mining hardware maker Canaan saw its shares slide more than 13% after the firm reported an $88.7 million first-quarter net loss, its second straight unprofitable period. Revenu...
