Browsing: Miner

Ionic Digital, a Bitcoin miner repositioning its power sites for AI infrastructure, generated 90% of its second-quarter revenue from leasing. Its Q2 accounts show an uneven transition: operating revenue has shifted away from mining faster than reported earnings have shifted away from Bitcoin.

US spot Bitcoin ETFs shed $389.7 million for the week ended August 14, 2026 — their steepest seven-day exodus in six weeks, with Fidelity’s Wise Origin Bitcoin Fund absorbing the deepest single-fund losses — all while the same miners whose selling is capping Bitcoin’s recovery are racing to convert their power plants into AI data…

According to Wintermute’s latest market update, Bitcoin’s breakout above the June range appears to be fading as spot ETF withdrawals are exerting selling pressure on Bitcoin in addition to new miner selling, despite a softer US interest rate outlook.