Cipher Digital Inc. has announced its third ultra-large-scale data center lease, boosting its stock by 23.5%. The company reported Q1 revenue of $34.8 million and a net loss of $114.3 million, largely due to the planned shutdown of the Black Pearl mine. The new lease contributes to a total contracted revenue of $11.4 billion, with operational capacity reaching 907 MW.
Circle Internet Group's stock surged nearly 20% following a Senate compromise on the CLARITY Act, which supports its stablecoin business model. The revised proposal allows stablecoin platforms to offer usage-based revenue sharing, benefiting Circle's operations. Circle's Q1 earnings report is expected on May 11, with Wells Fargo raising its price target to $142.
K Wave Media announced a strategic pivot from Bitcoin to AI infrastructure, reallocating $485 million from its BTC treasury strategy. The company plans to sell its largest subsidiary to reduce debt and is considering a name change to Talivar Technologies, pending shareholder approval.
Cipher Digital Secures $114B in Data Center Leases; Circle and K Wave Media Make Strategic Shifts
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