Mining companies are shifting from Bitcoin mining to AI, leading to a rise in the stock prices of Keel and Hive.
Shares of Keel Infrastructure and Hive Digital Technologies rose on April 22. Keel completed the sale of its Paso Pe mining farm in Paraguay, raising $13 million to completely exit the Bitcoin mining business and shift its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private funding round, which will be used to purchase GPUs and develop data centers. Shares of the two companies have risen by more than 40% and 31%, respectively, in the past month. In addition, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transformation into AI infrastructure.
Source: CoinLive The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments