Tether launches open-source mining framework to unify Bitcoin infrastructure

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Total stablecoin market cap. Source: DefiLlama Related: Mining companies move deeper into AI, HPC as MARA may sell Bitcoin As Tether moves deeper into Bitcoin mining infrastructure, traditionally pure-play mining operators across the industry are increasingly turning to artificial intelligence and high-performance computing workloads to diversify revenue. One of the earliest companies to pivot was CoreWeave, originally a crypto mining operation that began shifting toward cloud and high-performance computing in 2019 as demand for AI compute increased. Since then, a growing number of publicly traded miners, including Riot Platforms, HIVE Digital, MARA Holdings, TeraWulf and Cipher Mining, have pursued similar strategies, redirecting power capacity and infrastructure toward AI and high-performance computing. Top 10 publicly traded Bitcoin miners by market cap. Source: Bitcoinminingstock.io Last week, Core Scientific said it plans to raise $3.3 billion through senior secured notes due in 2031 to fund data center expansion and refinance short-term debt. On Monday, Hut 8 said in a filing that it is seeking to raise $3.25 billion in senior secured notes to fund a 245-megawatt AI data center in Louisiana, tied to a 15-year, $7 billion lease agreement with Fluidstack, according to The Miner Mag. Some miners are moving further. Also on Monday, analysts from Bernstein said IREN, the largest publicly traded Bitcoin miner by market capitalization, will likely phase out its mining operations over time as it scales its AI cloud business. Magazine: 6 weirdest devices people have used to mine Bitcoin and crypto

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