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As the demand for AI compute reaches unprecedented levels, former cryptocurrency miners Applied Digital and Riot Platforms are aggressively pivoting toward high-performance computing data centers. While Applied Digital currently leads in revenue growth and hyperscaler partnerships, Riot Platforms offers higher projected upside for investors willing to navigate Bitcoin volatility.
Peak XV Partners, formerly Sequoia India, has signaled a massive $1.3 billion commitment toward artificial intelligence and deep tech in India. This move underscores a broader shift as global venture capital firms pivot away from traditional SaaS and consumer tech toward the burgeoning Indian AI ecosystem.
Activist investor Starboard Value has issued a formal letter to Riot Platforms' leadership, urging a faster pivot toward AI and high-performance computing (HPC) hosting. The move, which sent shares up nearly 6%, highlights a growing valuation gap between Riot and its more aggressive crypto-mining peers.
Activist investor Starboard Value is reportedly pressuring Riot Platforms to transition its Bitcoin mining infrastructure into data centers for AI hyperscalers. The move aims to capitalize on the surging demand for AI compute power and close the valuation gap between miners and infrastructure providers.
Roth Capital reports that Applied Digital Corporation is on the verge of securing a significant lease with a major hyperscaler for its new AI Factory campus. The company has officially commenced construction on Delta Forge 1, a strategic facility in the southern United States designed to meet the surging demand for high-performance AI infrastructure.
HIVE Digital Technologies achieved a record $93.1 million in revenue for Q3 fiscal 2026, marking a 219% year-over-year surge. The growth is driven by a strategic 'dual-engine' model that leverages high-performance computing for AI workloads to mitigate volatility in the Bitcoin mining sector.
BitMEX co-founder Arthur Hayes argues that Bitcoin's recent decoupling from the Nasdaq serves as a 'fire alarm' for the fiat system. He predicts that AI-induced job losses will trigger a massive credit crisis, forcing central banks to print money and propelling Bitcoin to new record highs.
US equity markets staged a dramatic afternoon recovery on February 17, 2026, led by a surge in AI chip stocks that pushed the Dow Jones Industrial Average to a new record high. While technology sectors rallied, commodities and cryptocurrencies faced significant pressure, with silver and Bitcoin seeing notable declines.