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GameStop announced today that it’s offering $1.3 billion worth of stock to fund Bitcoin acquisitions, which prompted a 12% gain in its stock. GameStop’s plan has caused an impressive price rally, but it is still risky. With this move, it plans to incur more debt than its total net sales in Q4 2024. GameStop To…
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(Bloomberg) — GameStop Corp. is seeking to sell $1.3 billion of convertible bonds to fund Bitcoin purchases as it embraces a strategy that was developed by the cryptocurrency advocate Michael Saylor. Most Read from Bloomberg The video-game retailer rallied after the company said on Tuesday that its board approved a plan to add Bitcoin as…
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SAN FRANCISCO and NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) — Crusoe, the industry’s first vertically integrated AI infrastructure provider, and NYDIG, a leading bitcoin and power firm, today announced that NYDIG plans to acquire Crusoe’s bitcoin mining operation, which includes Crusoe’s Digital Flare Mitigation business, subject to regulator approvals, customary consents and final closing…
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Proprietary stranded energy technology pairs with parent company Stone Ridge’s 10GW natural gas portfolio to accelerate NYDIG’s Power and Bitcoin Mining division NEW YORK, March 25, 2025 /PRNewswire/ — NYDIG, a leading bitcoin and power firm, today announced it has entered into a definitive agreement to acquire Crusoe’s Bitcoin mining operations. As part of the…
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A little bit of inflation is a healthy part of a balanced economy. Making your money worth a little less over time should encourage people to buy things and otherwise use their cash. But nobody likes a sudden flare-up in inflation rates. America suffered an inflation crisis in 2022 and 2023, as the combined fallout…
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Bitcoin continues its strong performance, marking the third consecutive day above its first major resistance level. If today’s close remains above this level, it will confirm a full breakout. Daily RSI has now moved above overhead resistance for the first time since January, signaling growing momentum. However, daily volume remains weak, which suggests that bullish…
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GameStop (GME) stock slid more than 8% in after-hours trading Wednesday as the company announced it’s attempting to raise $1.3 billion to buy bitcoin (BTC-USD). The company will attempt to raise the funds via convertible senior notes. The news comes one day after GameStop shares rose more nearly 12% when the video game operator turned…
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Shares of GameStop (GME) traded 16% higher on Wednesday after the company announced that it would start buying bitcoin (BTC) to add to its balance sheet. The gaming retailer reported holding $4.8 billion in cash during its fourth-quarter earnings on Tuesday. Company CEO Ryan Cohen weeks ago had teased an interest in purchasing bitcoin for…
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Bitcoin miners won’t just mine Bitcoin — they’ll become full-blown energy companies. That’s the future, says Evan Owens, VP of Business Development at Kadena. “Bitcoin miners today are obviously mining Bitcoin, but in 10 years, they’ll be energy companies, and Bitcoin mining will be a small part of that,” Owens told TheStreet Roundtable’s Jackson Hinkle.…
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Shares of GameStop (GME) are rallying after the video game retailer and memestock favorite announced plans to accumulate Bitcoin (BTC) as a reserve asset. GME stock, a viral sensation among retail traders in 2021, is up more than 14% the day after the company’s board approved a Bitcoin treasury strategy. Shares of GameStop are trading…