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Canaan sells crypto for share buybacks following $97M loss

Canaan reported a $97.6 million net loss and missed revenue forecasts for the second quarter of 2026, leading the Bitcoin mining equipment manufacturer to liquidate crypto assets for share buybacks.

Nearly 20% of Bitcoin mining hash rate is offline and dormant

Mining services firm Luxor estimates that about 235 exahashes per second of Bitcoin mining capacity is sitting idle due to economic factors, maintenance, transit, or deliberate curtailment.

Bitcoin miner spends millions on compute without replenishing treasury

BitFuFu reported a 55.4% increase in August Bitcoin production as new hashrate capacity came online, bringing its total output to 174 BTC and slightly growing corporate reserves while expanding its managed hashrate.

Bitcoin hashrate drought highlights AI threat to mining recovery

Bitcoin's hashrate has spent 316 days below its record as miners redirect power and data-center infrastructure toward artificial intelligence and high-performance computing, highlighting a threat to traditional mining recovery.

AI data centers adopt the power strategy pioneered by Bitcoin miners

AI data centers are adopting power strategies pioneered by Bitcoin miners to manage surging electricity demand, utilizing software to throttle chip power consumption during periods of grid scarcity.

Hidden Conditional Supply Threatens $2B in Bitcoin Corporate Treasuries

Corporate Bitcoin treasuries face hidden conditional supply risks as companies like CleanSpark, PowerCompute, and USBC utilize options, collars, and secured loans that can assign rights over coins or connect them to future settlements.

Mid-tier Bitcoin treasury wagers all BTC on 30-day price reset

Bitcoin mining and treasury firm PowerCompute increased its debt by $3.765 million after an early Bitcoin collar reset involving 307 BTC, establishing a new 30-day balance with Arch Lending.

Luke Dashjr leaves OCEAN mining pool, raising hash rate migration questions

Luke Dashjr has left the OCEAN mining pool following a buyout of his equity, stepping down from all leadership roles and prompting questions about potential hash rate migration as he plans to launch a new initiative called CONVOY.

IREN retains 82% crypto revenue post-Microsoft AI deal

IREN reported that Bitcoin mining still accounts for 82% of its revenue, bringing in $578.2 million despite decommissioning mining hardware to transition data center locations into AI infrastructure for Microsoft.

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