Crypto

Hyperscale and Rumble sell bitcoin as AI businesses expand

Hyperscale Data sold its remaining bitcoin reserve, and Rumble sold about two-thirds of its holdings, as their AI businesses grew. Bitcoin ETF outflows continued in the same period.

Illustration: A long server hall at night with rows of racks glowing cyan and magenta, reflected in a polished wet-looking floor.
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Hyperscale Data has sold its remaining bitcoin reserve to help pay for an AI buildout in Michigan. Rumble (RUM) sold about two-thirds of its bitcoin in the same period, as its AI cloud business delivered its first profitable quarter.

Rumble's bitcoin holdings fall to 94.68 coins as its AI unit lifts revenue

In numbers

$96.6 millionRumble Quake AI revenue

Canaan's revenue fell 90%, and bitcoin holdings took a bigger role in its capital plans. Barclays lifted its stake in the BlackRock Bitcoin ETF, an exchange-traded fund that trades like a stock, by 48% to $187 million. Citi opened a $119 million position in the FBTC fund.

Bitcoin$68,940down −17.05%over 1 month
$84,082$68,94314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

ARK Invest trimmed its positions in Block and Bullish as bitcoin ETF outflows continued. Outflows mean investors are pulling money out of a fund.

Bank positions in bitcoin ETFs

  • Barclays BlackRock stake187 million $
  • Citi FBTC position119 million $

Dollar values of the two bank positions described above.

$1,000 in Bitcoin

Had you put $ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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