3h ago
MARA and IREN detail AI push: $1.5B Long Ridge buy, $3.4B NVIDIA deal, miners sell BTC
Publicly listed Bitcoin miners disclosed this week that they are selling mined BTC to fund operations and AI expansion, with some retiring ASIC fleets in favor of GPUs. On April 30, MARA said it will buy Long Ridge Energy & Power for $1.5 billion, while IREN outlined a five-year $3.4 billion AI cloud agreement with NVIDIA using Blackwell GPUs. Smaller miners including DMG, Bitdeer, and Cango also reported BTC sales and new AI-focused subsidiaries or shifts.