Shares in Empery Digital rose on Friday after the company funded a new AI data center project partly through Bitcoin sales. The move reduced the firm's Bitcoin holdings by nearly 50 percent.
Empery Digital used proceeds from Bitcoin sales to help finance its new AI data center project.
The company's Bitcoin holdings fell by nearly 50 percent as a result of the transactions.
Shares in Empery Digital rose on Friday following the announcement.
Iniulat ng AI Larawang ginawa ng AI
Bitcoin mining companies Hut 8 and IREN announced large AI infrastructure deals, sending their shares and those of peers higher. The moves come as miners expand into data centers and cloud services for AI developers.
Bitcoin dropped below $67,000 on Tuesday, marking its lowest level since April. The decline triggered nearly $400 million in liquidations within an hour and over $1 billion over 24 hours. Analysts linked the selloff to capital shifting toward AI-related equities and heavy outflows from Bitcoin ETFs.
Iniulat ng AI
K Wave Media has redirected $485 million in funding away from a planned Bitcoin treasury strategy toward AI infrastructure investments. The K-Pop firm's stock plunged following the announcement. The shift comes amid company restructuring and efforts to reduce debt.
Bitcoin miner Bitdeer produced 921 BTC in May 2026 while ending the month with 171 BTC on its balance sheet. The figures mark a sharp rise in output from 196 BTC a year earlier but a steep drop in holdings from 1,351 BTC. The update also showed AI Cloud annual recurring revenue holding near 69 million dollars.
Iniulat ng AI
Nvidia posted record first-quarter revenue of 81.62 billion dollars, beating Wall Street expectations as artificial intelligence infrastructure demand surged. The results lifted shares of some bitcoin miners with data center exposure.
Bitcoin fell below $60,000 to a fresh cycle low amid several overlapping pressures in the market. NYDIG research head Greg Cipolaro attributed the decline to competition from AI investments, upcoming tech IPOs and other factors.
Iniulat ng AI
Senior executives from PayPal and Google Cloud said at the Consensus Miami conference that AI agents will drive the next wave of internet commerce on cryptocurrency rails. They cited technical barriers preventing agents from using traditional bank accounts. The discussion focused on new protocols and merchant preparations needed for this shift.