Bitcoin News
By Evie Vavasseur
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Revenue Numbers That Tell the Real Story. TeraWulf is probably the clearest example of how fast things are moving. The company pulled in $44.
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Riot, CleanSpark, and the Hybrid Math. Riot Platforms went a different route: keep mining, but stack data-center and engineering revenue…
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What the Stock Moves Actually Mean. Here's what's interesting about the August price action: MARA went up with Bitcoin because MARA…
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Bitcoin jumped 21.5% between August 17 and August 21. Most US-listed miners didn't come close to matching it.
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Only MARA Holdings kept pace, rising 16.1% over that stretch. Everyone else fell. Cipher Digital dropped 14.8%. TeraWulf lost 11.2%. Hut 8 shed 8.1%. IREN slid 6.8%.
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TeraWulf is probably the clearest example of how fast things are moving. The company pulled in $44.8 million in second-quarter revenue, and $31.
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Hut 8 manages 949 megawatts of contracted IT capacity. The value attached to that capacity: $26.
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IREN flipped the script even more sharply. AI cloud revenue hit $70.5 million in the June quarter. Bitcoin mining brought in $66.7 million.
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And then there's the $450.4 million impairment IREN took, largely tied to decommissioning mining hardware as it pivots toward AI capabilities. That's a real cost.
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Riot Platforms went a different route: keep mining, but stack data-center and engineering revenue on top. Last quarter, Riot pulled in $113.7 million from mining, $23.
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Read also: Paraguay Faces Energy Crisis as Bitcoin Mining Consumes 30% of Power Supply
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CleanSpark used to be a pure-play miner. It signed a 20-year, $6.6 billion data-center lease. Twenty years. That's not a hedge — that's a strategic identity shift.
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Cipher Digital is delivering 700 megawatts of high-performance computing capacity across multiple sites.
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CryptoSlate's analysis found that Bitcoin sensitivity has weakened across these miners over a two-year period.
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Long-term contracts offer stable revenue. That's the pitch. But they also come with real operational risks — financing equipment, hitting construction timelines, managing tenant…
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