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BTC $77,849.32 +0.93%
ETH $2,141.81 +0.86%
BNB $653.85 +1.95%
XRP $1.38 +1.08%
SOL $86.75 +2.53%
TRX $0.3594 +1.14%
DOGE $0.1056 +2.58%
ADA $0.2509 +0.56%
BCH $380.21 +2.98%
LINK $9.73 +2.02%
HYPE $55.81 +15.61%
AAVE $89.62 +2.09%
SUI $1.12 +8.14%
XLM $0.1467 +2.48%
ZEC $669.83 +15.01%

cooperation

Institution: AI data center demand may drive Bitcoin mining companies to reassess, has announced over $90 billion in cooperation

Research firm Bernstein released a report stating that as the demand for AI data centers explodes, Bitcoin mining companies are becoming important participants in large-scale computing infrastructure, with a positive outlook on the future performance of miners such as IREN, Riot Platforms, CleanSpark, and Core Scientific.The report points out that major cloud providers, AI cloud service providers, and chip companies have announced over $90 billion in AI infrastructure collaborations, involving approximately 3.7 GW of power capacity. Bernstein states that "Follow the Gigawatts" is becoming the core of competition in AI infrastructure, and the large-scale power resources controlled by mining companies hold strategic value.Analysts have given IREN, Riot, CleanSpark, and Core Scientific an "outperform" rating, with a target price of $100 for IREN, indicating about a 98% upside potential from the current stock price; CleanSpark has a target price of $24, corresponding to about a 78% upside potential.The report states that Bitcoin mining companies currently control over 27 GW of planned power capacity, and in some areas of the United States, the new 1 GW power connection cycle may take up to 50 months, making existing mining sites important locations for the expansion of AI data centers.Bernstein also mentioned several AI collaboration cases, including IREN planning a 5 GW AI computing park based on NVIDIA's AI Factory architecture, and Riot reaching a collaboration with AMD for an AI data center of up to 200 MW.However, analysts also warned that the industry still faces challenges such as environmental reviews, grid capacity, and regulatory approvals. Additionally, if mining companies overly shift their computing resources towards AI, they may miss out on future gains during the Bitcoin bull market cycle.

Tether confirms cooperation with the U.S. government to freeze over $344 million worth of USDT

Tether announced that it has supported the U.S. government's freeze of over $344 million USDT, involving two wallet addresses. This freezing action was carried out in collaboration with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies, aimed at preventing further movement of funds.The freeze was based on information provided by multiple U.S. law enforcement agencies, linking these addresses to illegal activities. Tether stated that when wallet addresses are associated with sanctions evasion, criminal networks, or other illegal activities, the company will take freezing measures. This has now become Tether's routine response to legitimate requests from U.S. and global law enforcement agencies.Tether CEO Paolo Ardoino stated, "USDT is by no means a safe haven for illegal activities. We take immediate action when there are credible links to sanctioned entities or criminal networks. Recent events have shown what can happen when platforms fail to act swiftly, law enforcement fails, users are exposed, and trust is lost. Our approach is different; we combine blockchain transparency, real-time monitoring, and direct coordination with law enforcement agencies to prevent the flow of funds. This is a responsibility we take very seriously as one of the largest issuers in the market."This action is part of Tether's cooperation with U.S. law enforcement agencies. The U.S. Department of Justice had previously confirmed Tether's support in law enforcement actions, successfully seizing nearly $61 million and approximately $225 million in "pork scam" funds.
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