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SpaceX Closes $60 Billion Cursor Deal in Major AI Compute Push

SpaceX has completed its $60 billion acquisition of Cursor, bringing the AI coding company and its model-development operation under SpaceX. The transaction deepens a partnership centered on using large-scale computing infrastructure to train more capable models. SpaceX Closes $60 Billion Cursor Acquisition Space Exploration Technologies Corp. (Nasdaq: SPCX) completed its acquisition of Cursor on Aug. […]

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Bitcoin Hashrate Slips 17% Off Record as Miners Chase AI

Bitcoin’s network hashrate has fallen as much as 17% below its all-time high, per CryptoQuant, as publicly listed miners redirect power and capital toward artificial intelligence data centers instead of chasing new mining capacity. Hashrate Pulls Back From Record Highs Bitcoin’s network hashrate, the combined computing power securing the blockchain, has retreated meaningfully from its […]

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Bitgo Revenue Jumps 80% to $4.3B as Stablecoin Demand Grows

Bitgo reported $4.3 billion in second-quarter revenue, up nearly 80% from a year earlier, as trading and stablecoin activity increased. The company still posted a $19 million net loss while cutting costs, expanding AI use and authorizing a $50 million share buyback. Bitgo Posts $19M Loss Despite $4.3B in Q2 Revenue Bitgo reported a sharp […]

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