Search results for "BOOM"
2026-03-07
08:30

Multiple VCs warn that the AI boom is diverting funds from crypto; crypto financing still reached $128 million in the first week of March.

On March 7th, several venture capitalists stated that the AI boom has reduced the flow of funds into crypto startups, with investors preferring options with visible revenue. Although crypto startups raised $128 million this week, bringing the total close to $2.5 billion, there is still a need to strengthen defensiveness and profitability models. Major funding events include significant financing rounds for ARQ, Crossover Markets, and QFEX.
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01:11

Bloomberg: AI boom prompts Bitcoin mining companies with over $8 billion in holdings to pivot, sparking market sell-off concerns

Large Bitcoin mining companies are accelerating sales due to a significant price decline, with funds shifting to the artificial intelligence sector, repositioning as AI data center operators. MARA, CleanSpark, and others are actively adjusting their strategies to respond to market changes and seek more predictable revenue. Analysts believe the outlook for mining companies is optimistic.
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BTC-0,61%
00:32

The American Bitcoin Corp supported by the Trump family posted a loss of $59 million in the fourth quarter, with its stock price down about 90% from its peak.

Odaily Planet Daily reports that American Bitcoin Corp, a mining company supported by the Trump family, disclosed a net loss of $59 million in the fourth quarter. The company previously went public on NASDAQ during the crypto market boom, but as the industry has experienced a significant correction since 2022, its stock price has fallen approximately 90% from its peak in September last year, with a noticeable decrease in market value. After the earnings report was released, the company's stock price dropped nearly 3% again, trading at just over $1 per share. (Bloomberg)
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BTC-0,61%