Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday.
Microsoft (MSFT) on Wednesday offered commentary on its earnings call that is a positive read-through to bitcoin miners, Cantor Fitzgerald
Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.
Bitcoin is down Monday, but MicroStrategy keeps buying, revealing its 12th straight weekly BTC purchase as its stash nears $50 billion.
On May 22, 2010, a man in Florida spent 10,000 Bitcoin — the current-day equivalent of $1 billion — on pizza. The event, which marked the first digital currency transaction ever made for a physical item,
The U.S. has not formally announced a bitcoin reserve yet. But other countries are addressing their national crypto strategies. Aleš Michl, governor of the Czech National Bank, told the Financial Times he wants to spend billions of the country's euro reserves on bitcoin.
Microsoft ( MSFT -2.14%) is in talks to purchase TikTok, according to President Trump. Although Microsoft has declined to comment so far, it was the top bidder back in 2020, before talks collapsed alongside Trump's departure from office.
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has disclosed that it owns over $500 billion worth of MicroStrategy (MSTR) equities. The fund also recently revealed its 2024 investment returns, collecting heavy profits from the US tech stock markets.
A rapidly changing AI industry and still-elevated inflation are among developments investors are facing this year.
Wall Street opens up on relief Meta and Microsoft kept their AI spending plans even as their earnings come in mixed. Next up, Apple after the close.
Wall Street is coming off a losing session after the Federal Reserve paused its interest rate-cutting campaign, leaving its borrowing rate unchanged in a range between 4.25% and 4.5%. In their postmeeting statement, policymakers noted that inflation remains "somewhat elevated."
Silicon Valley’s been rattled by a low-cost Chinese AI – with the start-up claiming its DeepSeek technology can emulate the performance of ChatGPT, at a fraction of the cost. Its launch shook share markets and spawned allegations from OpenAI that their Chinese rivals used its work and models to make their artificial intelligence.