Mining companies shift from Bitcoin mining to AI, Keel and Hive stock prices rise

robot
Abstract generation in progress

Odaily Planet Daily reports that Keel Infrastructure and Hive Digital Technologies saw stock price increases on April 22. Keel completed the sale of the Paso Pe mine in Paraguay, raising $13 million, aiming to fully exit the Bitcoin mining business and shift its focus to North American high-performance computing and AI development. Hive Digital Technologies completed a private placement of $115 million, with funds to be used for purchasing GPUs and developing data centers. Over the past month, the stock prices of the two companies increased by more than 40% and 31%, respectively. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.

BTC0.4%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin