business economy Finance Technology

Bitcoin Miners Ditch Crypto for AI as Stocks Soar Over 500%

TLDR Bitcoin mining companies including IREN, Riot, TeraWulf, and Cipher Mining are redirecting their infrastructure to AI and high-performance computing workloads through long-term contracts. Mining profitability has declined over 7% in September due to bitcoin price volatility and the halving schedule that cuts mining rewards every four years. Bitcoin miners can reduce AI data center [.] The post Bitcoin Miners Ditch Crypto for AI as Stocks Soar Over 500% appeared first on CoinCentral.

economy Finance stock

Opendoor (OPEN) Stock Jumps 14% as Mortgage Rates Drop

TLDR Opendoor Technologies (OPEN) stock jumped 14% on Friday, with the share price climbing over 8% during the past week due to increased bullish option activity. Jane Street Group revealed a 5. 9% stake in the company, holding more than 44 million shares, which boosted investor confidence in the real estate tech firm. Morgan Stanley raised [.] The post Opendoor (OPEN) Stock Jumps 14% as Mortgage Rates Drop appeared first on CoinCentral.