Tag: Ethereum Distribution

TL;DR: BVNK says eligible business customers can now mint, redeem, hold and transfer Open USD (OUSD) on Ethereum, Solana, Base and Tempo. The November 6 rollout is a practical payments integration, but the company has not provided transaction volumes proving how extensively the new service is being used. A stablecoin’s biggest hurdle may not be…

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…

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,…

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.…

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…