Category: Bitcoin News

Bitcoin miners tipped as key winners in $90b AI data center boom

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AI’s surging demand for power-hungry data centers is turning listed Bitcoin miners into strategic infrastructure plays, with Bernstein flagging nearly $90 billion of announced AI partnerships that could redraw the sector’s economics. Summary Bernstein says “Follow the Gigawatts” as miners pivot power capacity into AI data centers. Bitcoin miners control more than 27 GW of planned power capacity versus roughly 3.7 GW tied to announced AI deals. IREN, Riot, CleanSpark, and Core Scientific earn “outperform” ratings with triple‑digit upside projected for some names. Bernstein’s latest research argues that the AI…

Canaan Wins Nordic Heating Bid, Turns Bitcoin Mining Waste Heat Into Residential Hot Water

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Key Takeaways Canaan Inc. won a competitive bid to deploy 8 MW of Avalon A1566HA units to a Nordic district heating network. The 8 MW project is expected to heat approximately 2,800 homes, replacing legacy fossil fuel-based heating systems. Canaan placed a 6 MW follow-on order in March 2026, signaling customer confidence and expansion potential. Canaan Deploys 920 Avalon A1566HA Miners to Heat 2,800 Homes in Nordic District Network The project uses Canaan‘s (Nasdaq: CAN) hydro-cooled Avalon A1566HA series units, which produce high-grade hot water at temperatures near 80 degrees…

TD Cowen sees 140% upside for Strategy after fresh Bitcoin purchases

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TD Cowen has raised its price target on Strategy shares after the firm said the company’s recent Bitcoin accumulation and debt management moves have improved both its per-share Bitcoin exposure and balance sheet position. Summary TD Cowen raised its Strategy price target to $400 after the company bought more Bitcoin than the firm had projected for the full second quarter. Strategy added 24,869 BTC in one week, pushing total holdings to 843,738 BTC, according to the company’s latest filing. According to a Tuesday research note from TD Cowen analysts Lance…

Bitcoin Price Action Stalls Near $76K Support as Volatility Compresses

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Key Takeaways Bitcoin held near $76,738 on May 19 as BTC traders defended critical 76K support. Market indicators showed 9 sell signals, keeping BTC momentum mixed near 77K. Bitstamp BTC/USD charts suggest 78.5K resistance could decide bitcoin’s next move. Bitcoin Chart Outlook On the one-hour bitcoin chart, intraday price action stayed compressed. Not much has changed since yesterday’s price action. Declining volatility and smaller candle formations reflected a market waiting for a catalyst. BTC traded within the $76,055 to $77,666 intraday range while hovering near $77,000 through the session. Consolidation…

Is Bitcoin price headed to $75K as SMA crossover and RSI turn bearish?

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Bitcoin price remained under pressure on Monday as weakening technical indicators, heavy ETF outflows, and rising geopolitical tensions continued weighing on investor sentiment, with traders increasingly watching whether BTC could revisit the key $75,000 support zone next. Summary Bitcoin price slipped toward the $76,000 region as bearish SMA crossover signals and weakening RSI momentum increased downside pressure on BTC. Spot Bitcoin ETFs recorded over $1 billion in recent net outflows, while short-term holders realized losses on more than 15,000 BTC. Analysts identified key Bitcoin support near $75,733, with CoinGlass liquidation…

Bitcoin Ponzi trader gets 9 years for $10M Ohio scheme

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An Ohio investment manager has received a nine-year prison sentence for running a $10 million Bitcoin trading Ponzi scheme that misled crypto investors. Summary Giri received nine years after prosecutors said his Bitcoin derivatives scheme raised over $10 million. He pleaded guilty in 2024, then admitted soliciting more crypto investors before sentencing hearing date. FBI data shows crypto-linked complaints caused $11.36 billion in losses during 2025 across America overall. Rathnakishore Giri, 31, of New Albany, Ohio, was sentenced to nine years in federal prison and three years of supervised release.…

Bitcoin’s 2028 Halving Countdown Begins as Fewer Than 100,000 Blocks Remain

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Key Takeaways Fewer than 100,034 Bitcoin blocks remain until the halving at block 1,050,000, expected April 2028. The reward will drop from 3.125 to 1.5625 BTC per block, putting new pressure on bitcoin miners’ margins. Strategy and Blackrock together hold over 1.66 million BTC heading into the supply-reduction event. The Clock Is Ticking on Block 1,050,000 Live data shows fewer than 100,034 blocks remain between today and Bitcoin’s next halving, pegged at block 1,050,000, the first major countdown marker since the April 2024 halving sent block 840,000 into the history…

Strategy Holds 843,738 BTC vs Blackrock’s 817,138 as the Race to a Million Bitcoin Intensifies

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Key Takeaways Strategy leads with 843,738 BTC against Blackrock’s 817,138 BTC, a gap of roughly 26,600 coins. Strategy overtook Blackrock as the largest institutional bitcoin holder in April 2026 after a $2.54B purchase. JPMorgan estimates Strategy’s bitcoin purchases in 2026 could reach $30 billion in total. Two Giants, One Finish Line For much of late 2024 and early 2025, Blackrock’s iShares Bitcoin Trust was regarded as the fastest-growing exchange-traded fund (ETF) in U.S. market history. However, in April of this year, Strategy closed the gap entirely, acquiring 34,164 BTC in…

Bitcoin Traders Push BTC Back to $77K After Trump Freezes Iran Response

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Key Takeaways On May 19, bitcoin rebounded above $77,000 following Donald Trump’s delayed military action in Iran. Bitfinex analysts noted that weak demand for spot ETFs has left crypto liquidity at its worst since February. Future recovery depends on fresh capital to exceed the current $2.8 billion in onchain flows. Geopolitical Relief Bitcoin climbed back above $77,000 on the morning of May 19, rebounding from a late‑Monday dip to $76,000. The recovery remained uneven, with the cryptocurrency whipsawing through sharp volatility before stabilizing near $77,200 by 3:50 a.m. EST. The…

Bitcoin ETFs lose $648M as analysts warn of weak demand

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U.S. spot Bitcoin ETFs have recorded their biggest single-day outflows since late January after investors pulled nearly $650 million from the products as Bitcoin slipped below $78,000 amid rising geopolitical and inflation concerns. Summary U.S. spot Bitcoin ETFs posted $648.6 million in net outflows, the largest single-day withdrawal since Jan. 29. Bitcoin fell below $77,000 as rising U.S.-Iran tensions and higher oil prices renewed inflation concerns across risk markets. Analysts at Bitfinex said weakening ETF demand and slower on-chain capital inflows have left Bitcoin more exposed to macroeconomic pressure. According…