CryptoNews

Bitcoin Miner Cleanspark Posts $378M Loss in Q2

May 12, 2026
Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026, as a $224.1 million non-cash loss on bitcoin fair value weighed heavily on results even as the company expanded its hashrate and power capacity. Key Takeaways Cleanspark posted $136.4M in Q2 FY2026 revenue, a 24.9% year-over-year drop driven by Bitcoin price swings. A $224.1M non-cash Bitcoin fair…
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CryptoNews

Why Is Strategy Valuable? CEO Says MSTR Is More Than Its BTC Holdings

May 11, 2026
Strategy President and CEO Phong Le said the company’s value extends beyond its bitcoin holdings because of its enterprise software operations, compliance infrastructure, and global scale. Strategy reported its strongest software quarter in a decade, including 59% cloud revenue growth and more than 3,000 customers worldwide. Key Takeaways Strategy highlighted enterprise software operations as a…
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CryptoNews

Bitcoin Must Hold $88.88K to Confirm a BTC Bottom, Analysis

May 8, 2026
An analysis shared by Cryptoquant indicates bitcoin must reclaim and hold $88,880 before traders can confirm a BTC bottom. UTXO age bands identified several realized price levels where trapped buyers could add resistance during recovery attempts. Key Takeaways $88.88K was…
CryptoNews

Bermuda Pushes New USDC Airdrop as Premier Burt Targets Local Merchants

May 8, 2026
Bermuda is transitioning from blockchain experimentation to practical implementation with the announcement of a new USDC stablecoin airdrop and a merchant onboarding program. Key Takeaways Premier David Burt revealed a new USDC airdrop and merchant program at Consensus Miami 2026 on May 6. Bermuda uses its 2018 Digital Asset Business Act to lead stablecoin adoption in small global economies. The…
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CryptoNews

Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

May 7, 2026
Evernorth is expanding its leadership team as it moves toward a planned public listing. The company said the strategy is designed to support institutional adoption of XRP through a regulated public-company structure. Key Takeaways Evernorth named new board members and executives ahead of its planned public listing. Ripple’s legal chief, Stuart Alderoty, is expected to join the board after…
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