TeraWulf's Q1 2026 Net Loss Surged to Over $427 Million, With AI Compute Revenue Beating Bitcoin Mining

Canaccord Genuity raised IREN's price target to $70 after its $9.7 billion AI contract with Microsoft, emphasizing the shift from mining to AI and the potential of the Texas data center expansion. The deal includes a 20% prepayment from Microsoft and a projected 32% levered internal rate of return.

Bitcoin surged past $106,000 as reports indicated a potential end to the 40-day U.S. government shutdown. Ethereum also saw a 7% increase, while XRP and Solana climbed about 6% each. The government impasse caused market turbulence, with Bitcoin dropping below $100,000 multiple times.

The Bitwise Solana Staking ETF (BSOL) has attracted over $545 million in net inflows since its launch, with $126 million coming in the first week. Despite SOL's price drop, the fund's success is evident in the market's response.

Cardsmiths released its Currency Series 5 with five cards redeemable for 1 Bitcoin each, valued at over $100,000. The set includes cards redeemable for Bitcoin, Ethereum, Litecoin, and Dogecoin, with a non-redeemable 1/1 Bitcoin trading card.

A Bitwise exchange-traded fund tracking Dogecoin may be available to investors by the end of November pending SEC approval. The ETF, if approved, would provide U.S. investors exposure to DOGE, following the success of other cryptocurrency ETFs in the market.

Stablecoins are becoming a powerful tool in both developed and emerging markets, with potential impacts on financial stability. Standard Chartered warns of a $1 trillion deposit shift from emerging market banks to stablecoins by 2028, affecting traditional banking systems and monetary policy tools.

Trump Media & Technology reported a $54.8 million net loss in the third quarter of 2025, despite investing billions in Bitcoin. The company's stock (Nasdaq: DJT) fell over 4% to $12.76, hitting its lowest point in over a year.

My First Bitcoin, founded in 2021, has grown rapidly, teaching over 27,000 students and creating the world’s first Bitcoin Diploma. The organization is transitioning to a global movement, empowering educators and fostering connections worldwide.

Ark Invest, led by Cathie Wood, purchased $9.2 million worth of BitMine Immersion Technologies shares, totaling $260 million across its ETFs. Wood lowered her 2030 Bitcoin price target to $1.2 million due to stablecoin popularity.

Strategy's new Perpetual Stream Preferred Stock (STRE) is set to raise $715 million by being listed on the Euro MTF Luxembourg exchange, targeting international investors. The stock offers a fixed 10% dividend and will fund Bitcoin acquisitions, with Strategy holding over 641,000 Bitcoin.