SBI Crypto, a subsidiary of Japanese financial giant SBI Group, will close its Bitcoin mining pool on July 31. The pool currently controls approximately 2% of the global Bitcoin network hashrate.
Nvidia’s earnings beat and strong outlook boosted Bitcoin mining stocks amid the AI boom. An increasing number of miners are expanding into AI computing, leveraging their large-scale GPU infrastructure to provide AI inference and training services. The market views this transformation as enhancing miners’ earnings diversification and reducing reliance on Bitcoin price volatility. Source: CoinDesk