Gate News reports that on March 28, the current mining of a single Bitcoin faces a loss pressure of about $19,000. Mining companies are accelerating their transformation towards artificial intelligence (AI) and high-performance computing (HPC), and are funding related infrastructure investments by selling part of their BTC reserves. According to CoinShares data, publicly listed mining companies have announced a total value of over $70 billion in AI and HPC collaboration projects, indicating that the industry as a whole is transitioning towards computing power services.

MARA Holdings announces the repurchase of $1 billion convertible notes due 2030 at approximately a 9% discount, reducing convertible debt by about 30% and eliminating future dilution risk. The funds come entirely from Bitcoin sales, aiming to strengthen the balance sheet and expand strategic flexibility in digital energy and AI/HPC sectors.

Gate News: On March 20th, Web3 embodied AI robotics company PrismaX joined NVIDIA's Inception program. Through this program, PrismaX will gain access to development tools, technical resources, training support, priority infrastructure access rights, and support from a broader ecosystem comprised of builders and investors. The Inception program is a free virtual accelerator initiative launched by NVIDIA specifically designed to help startups in the fields of AI, data science, and high-performance computing (HPC) accelerate their growth.

Bitcoin mining company TeraWulf releases earnings report, with revenue reaching $168.5 million in 2025, a 20.3% year-over-year increase, but net loss expanding to $661.4 million. The company's strategy has shifted toward AI and cloud computing, with long-term data center leases signed and plans to expand infrastructure capacity.

Bitcoin mining company Hut 8 recently increased its credit line with a leading US-based compliant CEX to $200 million, drawing market attention. This move not only enhances the company's financial flexibility but also further confirms its strategic shift towards artificial intelligence (AI) and high-performance computing (HPC). The relevant documents have been filed with the U.S. Securities and Exchange Commission, and the credit funds will mainly be used for general corporate operations and strategic expansion. In a context where most mining companies are under pressure due to Bitcoin halving and rising energy costs, Hut 8 continues to strengthen its fundamentals. The increase in credit line follows its long-term agreement of $7 billion signed in December last year with AI cloud computing service provider Fluidstack. Under the agreement, Hut 8 will provide 245 MW of power over 15 years to build large-scale AI data centers, regarded as a landmark case of crypto-native enterprises integrating with AI infrastructure.

ChainCatcher News, TeraWulf Inc. (NASDAQ: WULF) and Fluidstack announced on December 18, 2025, the successful completion of the financing pricing for the 168 MW high-performance computing (HPC) joint venture project located in Abilene, Texas. The project will build a next-generation liquid-cooled artificial intelligence data center with a total power capacity of 240 MW. The funds raised will be used for construction, establishing reserves, and completing facility delivery, with an expected operational start in the second half of 2026.

BlockBeats News, December 7 — According to the latest data released by CryptoRank, the average cash cost for mining one Bitcoin has risen to $74,600. When factoring in depreciation and stock-based compensation (SBC), the all-in cost reaches $137,800. As the total network hash rate surpasses the symbolic milestone of 1 ZH/s, competition has intensified significantly, leading to a sharp decline in miners’ profitability. This trend is prompting many publicly listed mining companies to shift their capacity toward higher-margin businesses such as AI/HPC (High-Performance Computing), rather than continuing to invest in traditional Bitcoin mining. As a result, the industry is now splitting into two main models: • Infrastructure Providers: repositioning mining data centers for high-profit computing businesses • Traditional Miners: struggling to survive in an increasingly competitive, near-zero profit environment.

Odaily News JPMorgan raised the ratings of Bitcoin mining companies Cipher and CleanSpark to "Overweight," citing strong momentum in HPC transformation, raising Cipher's target stock price from $12 to $18, and CleanSpark's to $10.8. However, JPMorgan also lowered the target price expectations for two other Bitcoin mining companies, MARA and Riot, to reflect the anticipated weakness in Bitcoin and increasing stock dilution. (CoinDesk)

Golden Finance reported that Nasdaq-listed Bitcoin mining company Cipher Mining announced a 10-year AI high-performance computing (HPC) hosting protocol with Fluidstack. This agreement is expected to bring Cipher Mining approximately $830 million in revenue during the initial 10-year term and includes two five-year renewal options. If the renewal options are exercised, the total revenue from the deal could reach approximately $2 billion.