hodler

9 May 2026, 20:30

Bitcoin Mining Pool Giants Foundry, Antpool and F2pool Signal Stratum V2 Shift

Seven of the largest names in bitcoin mining formally joined the Stratum V2 Working Group this week, signaling the clearest industry shift yet toward miner-controlled transaction selection. 7 Bitcoin Mining Pools Back Stratum V2 as Miners Push for Block Template Control Antpool, F2pool, Foundry, Spiderpool, Block Inc., MARA Foundation, and DMND are now part of

9 May 2026, 20:23

Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output

American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period. This was despite the firm mining a record 817 BTC. Mining Output Goes Up, But BTC Price Drop Hits Earnings Per documents it filed with the SEC, apart from the 817 BTC it mined, American Bitcoin also bought another 803 BTC, which took its strategic reserve to 7,021 BTC by March 31. However, at the time of writing, the stash had grown to about 7,300 BTC after the firm purchased an additional 300 units, which saw it climb the ranks of publicly traded companies holding Bitcoin to number 16. Mining revenues declined to $62.1 million from $78.3 million, due to lower prices per Bitcoin mined of $76,000 compared to the previous quarter’s about $100,000. Still, the company posted a gross margin over 50% and cut its cost to mine by 23% to $36,200 per Bitcoin, down from $46,900 or so in Q4 2025. Satoshis per share, the firm’s preferred measure of value creation, rose by about 20% quarter-over-quarter to about 663. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB, and the underlying business was profitable, and we did not sell a single coin,” CEO Mike Ho said in the earnings release. President Matthew Prusak framed the cost improvement as the key operational story, saying: “We produced Bitcoin at 52% gross margin despite a 22% decline in Bitcoin price, reflecting meaningful cost improvements that partially offset the price headwind. Every share of American Bitcoin owns more Bitcoin today than it did three months ago.” ABTC shares fell 8.4% to around $1.15 following the earnings release, keeping the stock far below its 52-week high of $14.65. Expansion Strategy Mirrors Wider Bitcoin Treasury Trend The production gains were partly the result of a hardware acquisition completed in early March 2026, when American Bitcoin took delivery of 11,298 next-generation miners from Bitmain. As was reported at the time, that deal added about 3.05 EH/s of capacity at an efficiency of 13.5 joules per terahash, deployed at Hut 8’s Drumheller site in Alberta, Canada. The company’s total owned fleet now stands at approximately 89,242 miners with 28.1 EH/s of capacity, though its operational fleet delivering active output is 58,999 miners at around 25.0 EH/s, still roughly half the scale of the largest publicly listed Bitcoin miners. American Bitcoin is not alone in reporting large headline losses driven by Bitcoin’s poor run at the beginning of the year, as Strategy, the largest corporate owner of the flagship cryptocurrency, earlier in the week reported that it had incurred a net loss of $12.54 billion in Q1 2026. The post Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output appeared first on CryptoPotato .

9 May 2026, 18:35

TeraWulf Loss Widens as AI Revenue Overtakes Bitcoin Mining

TeraWulf’s loss widened as AI leasing grew while Bitcoin mining revenue dropped sharply in Q1 2026. Bitcoin miners like TeraWulf are shifting toward AI data centers to reduce reliance on volatile mining income. Strong cash position and long-term AI contracts give TeraWulf room to expand computing infrastructure. TeraWulf’s quarterly loss widened sharply as the Bitcoin miner pushed deeper into artificial intelligence infrastructure to counter falling mining revenue. The company reported a $427 million net loss for the first quarter of 2026, compared with a $61.4 million loss a year earlier, as weaker Bitcoin mining economics continued to pressurize the sector. As per the release , rapid growth in the company’s quarterly revenue from high-performance computing services managed to offset some of the blow. TeraWulf recorded quarterly revenue of $34 million, with $21… Read The Full Article TeraWulf Loss Widens as AI Revenue Overtakes Bitcoin Mining On Coin Edition .

9 May 2026, 16:53

Major BTC miners sell $1.2B, pivot to AI contracts

🚀 $1.2 billion in BTC was sold as miners pivot to AI contracts. MARA and IREN are investing billions in data center and GPU infrastructure for AI. 🤖 Critical development: $BTC mining profits fall as the industry shifts to cloud-based AI business models. Continue Reading: Major BTC miners sell $1.2B, pivot to AI contracts The post Major BTC miners sell $1.2B, pivot to AI contracts appeared first on COINTURK NEWS .

9 May 2026, 15:30

BTC miners signal commitment to AI pivot in latest quarterly disclosures

The latest rounds of disclosures made across the week have revealed that publicly traded miners are selling mined BTC to fund operations, with many retiring ASIC hardware in favor of GPUs, while also securing and committing billions in contracts to serve AI cloud customers. While Bitcoin miners pivoting into AI is no longer novel, the announcements make the scale of those pivots hard to ignore. Mining revenue has been on a decline, and given the current AI boom, many have moved and pivoted to AI infrastructure, diverting their spending budgets there. MARA splashes $1.5 billion on a gas plant On April 30, MARA Holdings announced that it will be acquiring Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion, including $785 million in assumed debt. The deal gives MARA a 505 MW natural gas plant in Hannibal, Ohio, and more than 1,600 acres of industrially permitted land where it plans to build a data center campus. “It has all the key components for us, for the ideal data center campus,” MARA CEO Fred Thiel told Reuters . He said the company had already attracted interest from hyperscalers looking to lease space and expects to have a tenant secured around the time the deal closes later in 2026. MARA followed up with a consent solicitation on May 7 to amend the indenture on Long Ridge’s $600 million in senior secured notes, a procedural step required because MARA’s acquisition triggers a change-of-control clause under the existing debt terms. MARA holds 38,689 BTC on its balance sheet, the largest treasury position among publicly traded miners, according to BitcoinTreasuries.net. BTC miners are offloading tokens and taking on expenses to fund AI pivots. Source: BitcoinTreasuries.net. IREN posts $248 million loss as it swaps ASICs for Blackwell GPUs IREN Limited reported a Q3 FY26 revenue of $144.8 million , which is a 22% decline from the $184.7 million it recorded in the previous quarter. The company reported $3.1 billion in annual recurring revenue under contract and is targeting $3.7 billion by year-end. It signed a five-year AI cloud contract with NVIDIA worth $3.4 billion. NVIDIA will be providing it with air-cooled Blackwell GPUs, which will be deployed inside 60 MW of existing data center space at its Childress, Texas, facility starting in early 2027. It also entered a 5GW strategic partnership with NVIDIA covering infrastructure design across its global power portfolio. “The world is structurally short compute, and the bottleneck is delivered data center and GPU capacity,” said Daniel Roberts, IREN’s Co-Founder and Co-CEO. Smaller miners selling BTC, creating AI subsidiaries Small miners are also doing away with their BTC holdings and pivoting to AI infrastructure as well. DMG Blockchain Solutions reported mining 21 BTC in April, down from 23 BTC in March. DMG also announced the creation of a new subsidiary, DMG Infrastructure, dedicated to transitioning its Christina Lake data center to AI and high-performance computing workloads. CEO Sheldon Bennett said the company’s access to wholesale power at 3.5 to 5.0 cents Canadian per kilowatt-hour has provided a cost advantage during lower Bitcoin price periods. Bitdeer , meanwhile, reported that its BTC holdings separate from customer deposits are now zero. It stated that it had 193.8 BTC in mining output and had sold every coin mined. Cango Inc., which holds 1,026 BTC according to BitcoinTreasuries.net, launched its AI subsidiary EcoHash commercially in April. The company previously sold $305 million in Bitcoin holdings to retire debt and reset its balance sheet before pivoting toward AI inference services. The numbers tell the story These disclosures reveal that Bitcoin mining margins are getting compressed. AI infrastructure contracts, on the other hand, are coming in hot with some worth billions of dollars and backed by hyperscaler demand. IREN alone expects to reach 1,210MW of capacity by 2027. MARA is buying a 505MW gas plant. DMG is converting an entire facility. The infrastructure pipeline exceeds anything these companies have ever deployed for mining, and it is likely to go up as more miners make their own disclosures. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

9 May 2026, 14:23

TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

TeraWulf’s HPC lease revenue jumped 117% quarter-on-quarter to $21 million, but a $427 million net loss highlights the costs of transitioning from Bitcoin mining to AI infrastructure.