A $31.2 million writedown on mining rigs pushed the quarterly loss to nearly triple the consensus estimate, while revenue beat expectations by 7.5%. Management is targeting roughly $200 million of GPU Cloud annualized recurring revenue by the fourth quarter. That gap between today's loss and the ARR target is the whole trade.
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HIVE Coverage
Bitcoin Miners Now Earn a Third of Their Revenue From AI. Will They Keep Selling Their Bitcoin?
AI hosting deals were supposed to let miners stop dumping coins. Instead, filings from MARA, Bitdeer and others reveal a stranger pattern, and the real cost of building data centers may be…
MARA Holdings Falls 5%, Riot Platforms Sinks 4% as Rates Outweigh a 35,577 Bitcoin Treasury
Bitcoin miners built massive power portfolios and coin treasuries to outrun spot crypto exposure in 2026, yet rising Treasury yields are punishing the very infrastructure bet investors rushed to make. Here is…
Cipher Mining Falls 9%, TeraWulf Sinks 7% as Rising Yields Hit the AI Miner Pivot
Rising Treasury yields are punishing Bitcoin miners making expensive bets on AI infrastructure, and some of the biggest year-to-date winners in the sector are giving back gains fast. Here is what the…
HIVE Digital Technologies Soars 11% on $350M GPU Cloud Contract, Cipher Mining Ticks Up
HIVE Digital Technologies just landed a contract that could redefine whether it belongs in conversations about AI infrastructure or bitcoin mining, and the market is only beginning to price in what execution…
CleanSpark Jumps 12% on $6.6B Data Center Lease While Riot, MARA, Hut 8 Edge Higher
A CleanSpark data center lease so large it dwarfs the company's own market cap sent shares surging Tuesday, while every peer miner sat frozen on the sidelines, raising one urgent question about…
Oracle Just Became an AI Cloud Powerhouse. Here Are 5 Under-the-Radar Stocks Along for the Ride
Hyperscaler capex has ballooned to nearly $700 billion, up from roughly $400 billion just three months earlier, according to Applied Digital CEO Wes Cummins. Oracle’s transformation into an AI cloud powerhouse is…
Live: Will HIVE Smash Q4 Earnings Tonight After 100% May Rally?
Live Updates Hive Q4 Pre-Earnings Coverage Wrap-Up5:34pm ETUnfortunately, it looks like HIVE Digital Technologies will be reporting Q4 earnings tonight later than expected. Therefore, we’re wrapping up our pre-earnings coverage. Q4 earnings…
HIVE Digital Rockets 34%, T1 Energy Jumps 20% on Aschenbrenner Buzz, but CleanSpark, Riot, CoreWeave Stay Quiet
Shares of HIVE Digital Technologies (NASDAQ:HIVE) are up 34% in mid-morning trading Monday, while T1 Energy (NYSE:TE) shares have climbed 20%. The catalyst: a wave of social media buzz around a 13-F…
3 Penny Stocks Wall Street Sees With 243% Upside
Penny stocks captivate investors with their low prices. The allure of controlling large numbers of shares for relatively very little money, and potentially generating explosive gains if their stocks move just a…
Bitcoin ETFs Approved While Buffet Buys More Oil
The U.S. SEC grudgingly approved applications from 11 investment firms seeking to offer spot Bitcoin ETFs. Let the good times roll.
Bitcoin Miners Join Investors on Selling Spree
Many bitcoin mining companies have declared that they will not sell the bitcoin they mine. But the pressure is on now as easy money flows have stopped and mining profits have tanked.
Friday’s Top Analyst Upgrades and Downgrades: Biogen, Devon Energy, Freeport-McMoRan, Hyatt Hotels, Intuitive Surgical, KB Home, Li Auto, Vertex Pharmaceuticals and More
Friday's top analyst upgrades and downgrades included Biogen, Devon Energy, Freeport-McMoRan, HIVE Blockchain, Hyatt Hotels, Infinera, Intuitive Surgical, KB Home, Li Auto, S&P Global and Vertex Pharmaceuticals.
Here’s Where These 5 Top Crypto-Mining Stocks Are Headed in 2022
With Bitcoin prices down by about 30% since early November, what's the outlook for bitcoin miners in 2022? Here's a look at the five largest U.S.-traded mining stocks.