Bittensor's TAO token has risen 18% to $490, leading daily cryptocurrency gainers. The advance follows the October 29 launch of the world's first staked Bittensor Exchange Traded Product by Deutsche Digital Assets and Safello. TAO maintains a market capitalization of $4.69 billion, remaining the largest AI-focused token by this measure.

CleanSpark secured a 100-megawatt data center contract in Cheyenne, Wyoming, beating Microsoft in the competitive bidding process. CEO Matt Schultz credited the win to deployment speed, noting the firm built a 100 MW mining facility in six months compared to the three to six years typically required for AI data centers. The Las Vegas-based bitcoin miner now operates 1.03 gigawatts of active capacity and plans to expand AI-focused facilities across North America through a partnership with Submer.