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Circle’s USDC Transaction Quantity Rises 49% Whilst Reserve Revenue Faces Strain
TL;DR: Circle reported $13.9 trillion of USDC onchain transaction volume in the third quarter of 2026, up 49% year over year, while average USDC circulation reached $73.3 billion. The issuer’s results show strong network activity, but that does not translate directly into equivalent revenue growth. Stablecoin businesses are often judged by a single number: how…
Cipher Digital Begins Reserving HPC Lease Income as $9.1B Contract Takes Form
TL;DR: Cipher Digital says it recognised its first high-performance-computing lease revenue in the third quarter of 2026 and extended its Barber Lake lease to 20 years, increasing contracted revenue to $9.1 billion. The milestone is about converting data-centre development into an operating business, not an instant cash windfall. A signed data-centre lease and a functioning,…
Core Scientific’s AI Colocation Income Jumps to $215M as Mining Function Shrinks
TL;DR: Core Scientific reported $215.4 million in third-quarter colocation revenue, nearly 60% above the prior quarter, while billing 485 MW of capacity. Its results show how an operator once known for Bitcoin mining is building a much larger business around contracted AI infrastructure. Some Bitcoin mining companies have talked about their artificial-intelligence ambitions for years.…
Hut Eight Expands AI Campus Commitments Whereas Funding Buybacks With Bitcoin Gross sales
TL;DR: Hut 8 says it fully commercialised its Beacon Point AI campus with a second 352 MW lease, taking expected aggregate base-term contract value across its AI data-centre portfolio to about $26.6 billion. The company also sold Bitcoin to fund share repurchases, showing how mining-era assets are being redeployed. Hut 8’s third-quarter update is less…
Riot Sells Extra Than 20,000 Bitcoin as AI Information-Centre Contracts Attain $38B
TL;DR: Riot Platforms says it sold 20,264 BTC in the first nine months of 2026, raising about $1.5 billion primarily for data-centre development. Its latest quarterly release puts long-term contracted data-centre revenue at around $38 billion, underlining how far the miner’s business model is shifting. Riot Platforms has made a striking choice with its Bitcoin…