BitMine Revenue Jumps 22x Even as It Posts $9 Billion Net Loss
BitMine Immersion Technologies posted revenue of $46.5 million in the three months ended May 31, a 22x jump from a year earlier, even as a $9.1 billion nine-month net loss dominated its latest filing. The loss stems almost entirely from a non-cash markdown on the company’s Ethereum (ETH) holdings. Underneath it, BitMine’s staking business scaled
Mizuho, JPMorgan Turn Bearish on Circle as USDC Economics Come Under Pressure
Investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral. The bank also cut its price target for the stock, citing threats from Open USD. The downgrade landed as JPMorgan also lowered its Circle and Coinbase (COIN) estimates. Both banks pointed to mounting pressure on the economics behind USDC (USDC). Open USD Rattles Circle’s Model
Is Crypto Finally Shrugging Off Iran and AI Hype? Bitcoin and Altcoins Suggest Yes
Bitcoin's rally and surging Korean crypto volume suggest traders are tuning out Iran tensions.
DeepSeek May File for IPO This Year as It Weighs Fresh Fundraising
Chinese AI startup DeepSeek has begun preparing for an initial public offering (IPO) and has also opened early talks with new investors for another funding round. The moves come only weeks after DeepSeek closed its first external round, signaling that investors are aggressively chasing top Chinese artificial intelligence (AI) plays. DeepSeek Eyes IPO Filing…
Why Strategy’s Tiny 32 BTC Sale Changed How Investors View Corporate Bitcoin Buying
Corporate treasury demand still supports Bitcoin, but Strategy's balance sheet now matters more than headline BTC purchase announcements.
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