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13:27
Cipher Mining rebrands as Cipher Digital, shifting focus from bitcoin mining to HPC infrastructure
PANews, February 24—According to CoinDesk, former bitcoin mining company Cipher Mining has rebranded as Cipher Digital after releasing its fourth-quarter financial report, with its stock price falling about 5% in pre-market trading. The company reported fourth-quarter revenue of $60 million, below analysts’ expectations of $84.4 million; adjusted loss per share was $0.14, higher than the expected loss of $0.06; and the quarterly adjusted net loss was $55 million. Management described 2025 as a year of transformation, as the company is shifting from bitcoin mining to high-performance computing infrastructure. This quarter, Cipher secured 600 megawatts of contracted capacity, including a 15-year, 300-megawatt lease with Amazon Web Services, and a 10-year, 300-megawatt lease with Fluidstack and Google. The company raised $3.73 billion through three senior secured bond issuances to fund the construction of the Barber Lake and Black Pearl data center projects. Cipher also sold a 49% stake in three mining joint ventures for approximately $40 million in stock, streamlining its structure to advance its data center-focused business model transformation.
13:27
As enterprise demand for programmable connectivity surges, Lumen Technologies' Network-as-a-Service (NaaS) customer base doubles
This significant expansion reflects that enterprises are rapidly shifting from traditional network architectures to more flexible and programmable connectivity solutions. Programmable connectivity allows enterprises to dynamically adjust network resources based on real-time demands, thereby enhancing operational efficiency and agility. Leveraging its advanced network infrastructure, Lumen has successfully seized this market trend, helping clients achieve digital transformation.
13:25
Scotiabank Q1 adjusted earnings per share beat expectations, with strong performance across all business lines
Glonghui, February 24th|Scotiabank of Canada announced that in the first quarter of fiscal year 2026, it achieved net interest income of 5.58 billion Canadian dollars, representing a year-on-year increase of approximately 8%; adjusted earnings per share were 2.05 Canadian dollars, higher than analysts’ average expectation of 1.95 Canadian dollars. Scotiabank CEO Scott Thomson stated that 2026 has had a strong start, with all business lines achieving growth.
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