AI-generated summary HIVE reported a net loss of $78.7 million in its fiscal second quarter while its BUZZ High Performance Computing business generated $8.8 million in revenue. CEO Aydin Kilic stated that the company secured financing for GPU purchases and aims to reach $200 million in GPU cloud annualized run-rate revenue.
AI-generated summary NEAR AI restored its Cloud service following a security incident involving an inference engine vulnerability that exposed internal systems. The company states that an attacker exploited the SGLang flaw to access user information and data from 18 AI agents.
AI-generated summary TeraWulf reported that its Bitcoin mining revenue dropped 69% in the third quarter while high-performance computing lease revenue increased significantly. TeraWulf Chairman and CEO Paul Prager stated that Lake Mariner is generating revenue and the company has a contracted path to a gigawatt of power.
AI-generated summary Hypercall is launching what it says is the first options market tied to Anthropic ahead of its IPO with trading expected to begin Monday in select non-US jurisdictions. The platform is built on Hyperliquid and offers synthetic, cash-settled derivatives where traders will not own actual Anthropic shares or receive voting rights.
AI-generated summary Nvidia Corp. is increasing the monitoring of artificial intelligence accelerators sold in Southeast Asia to combat semiconductor smuggling. The chipmaker now requires regional customers to use its fleet intelligence system to track hardware locations in order to become official Nvidia Cloud Partners.
AI-generated summary IREN reported a 58% quarter-over-quarter drop in bitcoin mining revenue to $28 million for the three months ended Sept. 30. IREN says its quarterly revenue grew 66% sequentially to $228 million due to an 182% increase in AI cloud revenue.
AI-generated summary Bitcoin fell back toward $76,500 on Thursday as a broader technology stock selloff triggered $428 million in cryptocurrency liquidations. Investors expressed concerns over artificial intelligence spending, interest rates, and potential policy changes following the recent election.
The top AI news in your email delivered each morning. Choose categories