<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Mon, 22 Jun 2026 12:31:37 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[Satoshi's 16-Year-Old Quote Still Resonates: Millions of Bitcoin Are Lost Forever]]></title> <link>https://www.bitcointoday.app/article/satoshis-16-year-old-quote-still-resonates-millions-of-bitcoin-are-lost-forever</link> <guid>satoshis-16-year-old-quote-still-resonates-millions-of-bitcoin-are-lost-forever</guid> <pubDate>Mon, 22 Jun 2026 07:01:10 GMT</pubDate> <description>< BitMEX Research later argued that the figure runs too high, putting the number closer to **700,000 to 750,000 BTC**. Whale Alert, as reported by Bitcoin.com News, pushed the estimate the other direction, to **1,125,150 BTC** across the first 54,316 blocks. Whether analysts count that stash as lost, dormant, or simply unattributed swings the total lost-coin estimate by hundreds of thousands of BTC. ## Self-Custody and Exchange Failures River’s 2025 custody report estimates **1.57 million BTC permanently lost through self-custody**, with 98% of those losses occurring before 2020. River also notes more than 3 million BTC lost or lost through exchanges overall, though it cautions that public lawsuits and bankruptcies only support low-end estimates. You might ask yourself how coins can be lost through self-custody. In reality, there are several ways this can occur. For example, a person may install a new Bitcoin wallet and neglect to back up the seed phrase tied to the funds. If that individual’s phone is later wiped, access to the BTC held in the wallet could be lost permanently. **Self-custodial wallet providers do not possess these seed phrases**, meaning the responsibility for safeguarding the mnemonic phrase rests entirely with the user.  Mt Gox’s roughly **740,000 BTC loss** illustrates the problem. Some of those coins were later recovered and are now moving through a rehabilitation distribution plan, meaning the original loss figure no longer represents permanent destruction. One of the most well-known examples of loss involves Welsh IT engineer **James Howells**, who accidentally discarded a laptop hard drive containing the private keys to **7,000 to 8,000 Bitcoin**. The drive ended up in the Docksway landfill in Newport, Wales, where it has remained buried beneath hundreds of thousands of tons of waste. Over the years, Howells assembled a team of specialists and obtained financial backing for an excavation effort, but Newport City Council repeatedly denied permission, citing risks associated with methane gas, asbestos, and toxic leachate. In January 2025, the High Court dismissed his legal challenge, ruling that the case had no realistic prospect of success. At current prices, Howells’ lost cache is valued at nearly **half a billion U.S. dollars**. ## What This Means for Traders For anyone holding Bitcoin, the dormancy data reinforces a **scarcity case that goes beyond the 21 million hard cap**. If even the conservative 2.7 million BTC figure holds, effective circulating supply runs meaningfully below headline numbers, a detail long-term holders may find more relevant than short-term price swings. The debate is unlikely to be resolved soon. Burn-address proof remains tiny. Dormancy metrics remain probabilistic. And the Patoshi-era coins, whoever controls them, remain untouched. Many believe Nakamoto’s coins will never move, but that remains a matter of opinion rather than an established fact.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>lostcoins</category> <category>satoshi</category> <category>scarcity</category> <category>marketsentiment</category> <enclosure url="https://static.news.bitcoin.com/wp-content/uploads/2026/06/satoshis-lost-coin-quote-hits-16-year-mark-as-millions-of-btc-are-deemed-lost.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[JPMorgan Warns Bitcoin Miners Could Trigger a Price Crash – Here's What You Need to Know]]></title> <link>https://www.bitcointoday.app/article/jpmorgan-warns-bitcoin-miners-could-trigger-a-price-crash-heres-what-you-need-to-know</link> <guid>jpmorgan-warns-bitcoin-miners-could-trigger-a-price-crash-heres-what-you-need-to-know</guid> <pubDate>Sun, 21 Jun 2026 20:01:11 GMT</pubDate> <description><]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>jpmorgan</category> <category>mining</category> <category>pricecrash</category> <category>marketsentiment</category> <enclosure url="https://imageio.forbes.com/specials-images/imageserve/6a37d4c9491520b20505f285/0x0.jpg?format=jpg&crop=1205,710,x1198,y368,safe&height=900&width=1600&fit=bounds" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[From Brink of Collapse to $48 Billion Surplus: Michael Saylor Reflects on Strategy's Bitcoin Comeback]]></title> <link>https://www.bitcointoday.app/article/from-brink-of-collapse-to-48-billion-surplus-michael-saylor-reflects-on-strategys-bitcoin-comeback</link> <guid>from-brink-of-collapse-to-48-billion-surplus-michael-saylor-reflects-on-strategys-bitcoin-comeback</guid> <pubDate>Sun, 21 Jun 2026 07:01:11 GMT</pubDate> <description><![CDATA[**Strategy’s bitcoin position has swelled to 846,842 BTC** after surviving a dramatic 2022 crypto market downturn that put its balance sheet and stock price under intense pressure. **Michael Saylor** said the company raised over $60 billion, added 716,000 BTC, and now holds reserves exceeding debt by about $48 billion. ## Key Takeaways - Strategy emerged from crypto winter with sharply larger bitcoin reserves and renewed investor attention. - Capital raises helped fund more than 716,000 BTC in additional corporate holdings. - Saylor now frames bitcoin as digital capital supporting future financial infrastructure. ## From Bear Market Brink to Bitcoin Empire: Strategy’s 716,000 BTC Expansion Since 2022 On June 20, Strategy (Nasdaq: MSTR) Executive Chairman **Michael Saylor** revisited a speech delivered in 2022, highlighting how sharply market conditions deteriorated after that presentation. Conditions worsened significantly in the months that followed. As **bitcoin sank below $16,000** and confidence across the crypto sector evaporated, Strategy found itself staring down one of the most difficult moments in its history. The company’s balance sheet came under intense scrutiny as the value of its bitcoin holdings plunged, MSTR shares tumbled into the $13 range, and critics questioned whether its aggressive bitcoin strategy could survive the prolonged market downturn. > “When I gave this speech in October 2022, bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted,” Saylor reflected, adding: “Weeks later, after bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.” At the time of the October 2022 speech, the company was still operating under the name MicroStrategy, and its bitcoin accumulation strategy was already well underway. After beginning purchases in August 2020, MicroStrategy expanded its holdings through cash reserves, debt financing, and equity offerings. By October 2022, it had accumulated 130,000 BTC, making it the largest corporate bitcoin holder. The company’s dashboard as of this writing shows **holdings of 846,842 BTC**, with BTC reserves valued at $53.83 billion. The dashboard lists $1.1 billion in U.S. dollar reserves, $6.75 billion in debt, and preferred equity of $15.48 billion, while MSTR traded at $112.53 with a market capitalization of $40.1 billion. ## The Comeback: From Bitcoin Winter to a $48 Billion Turnaround Capital formation became a central element of the company’s subsequent expansion. **Saylor stated that Strategy raised more than $60 billion** of additional capital after the 2022 downturn and deployed those funds into further bitcoin acquisitions as part of its long-term corporate strategy. Since the depths of the 2022 crypto winter, Strategy has amassed more than 716,000 BTC and dramatically expanded its bitcoin treasury. According to Saylor, the company has gone from a period when debt exceeded the value of its BTC and cash reserves to one where its bitcoin and U.S. dollar reserves surpass debt by roughly $48 billion. > “We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in bitcoin, adding more than 716,000 BTC,” Saylor said, noting: “Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.” Beyond Strategy’s accumulation strategy, Saylor has recently expanded his public thesis on bitcoin’s role in global finance. He described bitcoin as **Digital Capital** and outlined a five-layer framework consisting of Digital Capital, Digital Credit, Digital Money, Digital Yield, and Digital Equity, arguing that financial products can be built around BTC without altering Bitcoin’s base protocol. Saylor has also identified four competing Bitcoin ideologies—Bitcoin Maximalists, Bitcoin Capitalists, Bitcoin Technologists, and Bitcoin Fundamentalists. He characterized the groups as representing different priorities across monetary policy, adoption, technical development, and network governance, while maintaining that much of Bitcoin’s future growth will occur through financial and technological layers built on top of the network.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>strategy</category> <category>michaelsaylor</category> <category>bitcoin</category> <category>corporatetreasury</category> <category>cryptowinter</category> <enclosure url="https://static.news.bitcoin.com/wp-content/uploads/2026/06/michael-saylor-reflects-strategy-bitcoin-fell-16k.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[AI Is Revolutionizing Crypto Security: Cheaper, Faster, and Unavoidable]]></title> <link>https://www.bitcointoday.app/article/ai-is-revolutionizing-crypto-security-cheaper-faster-and-unavoidable</link> <guid>ai-is-revolutionizing-crypto-security-cheaper-faster-and-unavoidable</guid> <pubDate>Sat, 20 Jun 2026 20:01:11 GMT</pubDate> <description><![CDATA[The release of **Mythos**, an AI system designed to autonomously discover vulnerabilities in code, may do more than help blockchain developers find bugs. As **AI-powered security tools** become cheaper, faster and more widely available, researchers said they could reshape what the crypto industry considers reasonable due diligence before deploying code, potentially altering expectations for developers and institutions. For years, smart contract security has been constrained by budgets. Comprehensive audits often are costly, making AI systems like Mythos dramatically cheaper. "It pushes the price of a basic audit toward zero," said **Alexander Urbelis**, chief information security officer at ENS Labs. Work that once required weeks and significant expense could eventually be completed in minutes, allowing projects that previously could not afford professional reviews to obtain fast security assessments. For years, researchers have relied on automated tools known as **fuzzers** to hunt for software bugs. AI systems take a different approach. "It's a change in degree that could likely cause a change in kind," Urbelis said. "Machines have hunted bugs for years. But now we're talking about a fuzzer that has the capacity to reason." Rather than simply identifying technical bugs, systems like Mythos could infer what code was intended to do and compare that against what it actually does. In crypto, where smart contract code is public and bug bounties can have big budgets, that capability could significantly expand the industry's ability to identify vulnerabilities before launch. **David Schwed**, COO of blockchain security firm SVRN and founder of the cybersecurity master's program at Yeshiva University, described the shift as even more significant. "These models now operate the way a human attacker does," Schwed said. "They iterate, they take the next step based on what they're seeing in real time. The older tooling was just complicated deterministic flows." But Schwed argued the bigger change may not be vulnerability discovery itself. It may be the emergence of **continuous security monitoring**. "The real shift is continuous auditing with suggested remediations at a fraction of the cost, instead of a point-in-time review you can only afford once," he said. If security reviews become inexpensive and continuous, researchers said the industry's expectations could change alongside them. Urbelis said he believes AI could eventually reshape the **standard of care** around smart contract development. Historically, teams could point to the cost and complexity of audits as a reason certain reviews were not performed. That argument becomes more difficult when sophisticated security analysis is available on demand. "A clean AI report will be seen as no defense," he said. "A plaintiff may well argue it the other way: the tool existed, it was cheap, and you should have caught it." The prospect raises broader questions for the industry: if AI-powered security reviews become ubiquitous, will investors expect them before funding projects, and could failing to run AI-assisted audits eventually be viewed as **negligence**? Despite the technology's promise, neither researcher said he believes AI is poised to replace human auditors. While machines excel at identifying coding flaws, Urbelis said they remain weaker at spotting the economic and incentive-based vulnerabilities that have contributed to some of crypto's largest losses. "The bugs that drain treasuries often turn on intent and adversarial incentives," he said. "Those still need an experienced human in the room." Schwed offered a similar warning. "'Claude, audit my smart contract, make no mistakes' is not a security program," he said. "If the person running the tool can't evaluate what comes back, you haven't bought security, you've bought a false sense of it." But whether a system like Mythos could have prevented major hacks, both researchers noted that many of crypto's most costly incidents did not originate from smart contract vulnerabilities. Urbelis pointed to the recent compromise of Drift, which he described as the culmination of a months-long **social engineering campaign** that targeted trusted contributors rather than the protocol's code. "The smart contract did exactly what it was told," he said. "The authority behind the instruction was what was compromised and abused." Similarly, Schwed cited incidents such as Ronin and Bybit, where compromised keys and manipulated signing processes, rather than software vulnerabilities, played central roles. "No code scanner stops an authorized signer from approving a transaction they can't verify," he said. That reality suggests AI will not eliminate crypto's security challenges. But the researchers argued it could fundamentally alter one part of the equation: the cost of finding bugs and the expectations surrounding their discovery.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>ai</category> <category>cryptosecurity</category> <category>smartcontractaudits</category> <category>mythos</category> <category>blockchain</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/6c28c3dcd5461d3803d6e6200f1da0686dde993f-1920x1082.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Stellar (XLM) Soars 49% While XRP Stagnates: RWA Battle Heats Up]]></title> <link>https://www.bitcointoday.app/article/stellar-xlm-soars-49-while-xrp-stagnates-rwa-battle-heats-up</link> <guid>stellar-xlm-soars-49-while-xrp-stagnates-rwa-battle-heats-up</guid> <pubDate>Sat, 20 Jun 2026 14:01:10 GMT</pubDate> <description>< At the same time, XRPL maintains an advantage in **total stablecoin volume** ($922.42M vs $296.24M) and **30-day stablecoin transfer volume** ($5.11B vs $4.27B). ## What's Happening on the Charts? The daily timeframe indicators reflect a deep technical gap between the two assets. On the **XLM chart**, the price explosion at the end of May expanded the Bollinger Bands, broke above the upper band, and reached a peak near **$0.29**. The RSI fell to **57.64** after leaving overbought territory, pointing to market stabilization.  The **XRP chart** shows the opposite picture. In early June, the coin broke below the middle Bollinger Band, confirming the dominance of sellers. XRP is trading near **$1.13**, trapped between the middle line at **$1.1739** and the lower Bollinger Band at **$1.0526**. The RSI has fallen to **39.34**, approaching oversold territory. ## Can XRP Repeat XLM's Success? The current narrowing of the Bollinger Bands on the XRP chart indicates that the asset is accumulating energy before a strong move. Two scenarios: - **Bullish scenario**: If the price holds above **$1.10** and the lower band at **$1.0526**, it could create a base for a rebound. To repeat Stellar's success, buyers need to restore XRPL's RWA status, break through **$1.1739**, and consolidate above **$1.2953**, opening the way to **$1.45–$1.60**. - **Bearish scenario**: If buyers fail and capital flows to Stellar, XRP risks dropping from **$1.13** to retest the lower band at **$1.0526**, with possible decline toward **$1.00**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xlm</category> <category>xrp</category> <category>rwa</category> <category>stellar</category> <category>tokenization</category> <enclosure url="https://u.today/sites/default/files/styles/twitterwithoutlogo/public/2026-06/Depositphotos_381593400_L.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Bears Double Down: Put Options Surge as $52,000 Becomes the Next Target]]></title> <link>https://www.bitcointoday.app/article/bitcoin-bears-double-down-put-options-surge-as-52-000-becomes-the-next-target</link> <guid>bitcoin-bears-double-down-put-options-surge-as-52-000-becomes-the-next-target</guid> <pubDate>Fri, 19 Jun 2026 20:01:12 GMT</pubDate> <description><![CDATA[Bitcoin traders are scrambling to position for a deeper selloff, snapping up **put options** that would deliver big payouts if prices slide all the way down to **$52,000** in the coming weeks. In the past 24 to 48 hours, crypto exchange Deribit saw heavy buying of short- and near-dated put options, spanning expirations from June 22 to July 31, according to data tracked by Laevitas. Notable flows included: - June 22 $61,500 puts (337 contracts) - July 3 $60,000 puts (116 contracts) and $55,000 puts (380 contracts) - July 10 $55,000 puts (540 contracts) - July 31 $52,000 puts (314 contracts) A **put option** is like insurance against market swoons. A put buyer locks in the right to sell bitcoin at a specific strike price in the future. If the price drops below that strike price, the buyer can still sell at the predetermined higher price, pocketing the difference as profit. On Deribit, one options contract represents one BTC. The surge in these **out-of-the-money puts** reflects a distinctly bearish sentiment, and understandably so, as several catalysts are weighing on the market. A **hawkish Federal Reserve** is bolstering the U.S. dollar, **bitcoin ETFs** have seen persistent outflows, and **Strategy** (formerly MicroStrategy), the largest publicly listed bitcoin holder, faces mounting pressure. Strategy's preferred stock, STRC, has plunged to record lows well below its $100 par value, complicating the company's aggressive bitcoin accumulation strategy. Arca CIO Jeff Dorman highlighted the precarious situation: "Either sell an enormous amount of BTC and MSTR to help bring $STRC back up near par, and at least buy yourself some time, or continue to watch every part of your cap structure melt because of the uncertainty you've created," he said on X. As of writing, BTC changed hands near **$62,400**, down 0.8% since midnight UTC hours, according to CoinDesk data. Prices hit highs near **$67,000** early this week.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>putoptions</category> <category>bearishsentiment</category> <category>deribit</category> <category>marketsentiment</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/a657d93793b2682fd079a3019e7b59cae3005273-1280x960.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bittensor Could Skyrocket into Top 10 Cryptos by 2027 – Here’s How]]></title> <link>https://www.bitcointoday.app/article/bittensor-could-skyrocket-into-top-10-cryptos-by-2027-heres-how</link> <guid>bittensor-could-skyrocket-into-top-10-cryptos-by-2027-heres-how</guid> <pubDate>Fri, 19 Jun 2026 07:01:11 GMT</pubDate> <description>< *Image source: Getty Images.*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bittensor</category> <category>tao</category> <category>aicrypto</category> <category>marketprediction</category> <category>dogecoin</category> <enclosure url="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F874369%2Fai-colorful-chip.jpg&w=1200&op=resize" length="0" type="image//image/"/> </item> <item> <title><![CDATA[‘House of Cards Collapsing’: Arthur Hayes Warns AI Credit Event Could Crash Bitcoin Price]]></title> <link>https://www.bitcointoday.app/article/house-of-cards-collapsing-arthur-hayes-warns-ai-credit-event-could-crash-bitcoin-price</link> <guid>house-of-cards-collapsing-arthur-hayes-warns-ai-credit-event-could-crash-bitcoin-price</guid> <pubDate>Fri, 19 Jun 2026 14:01:31 GMT</pubDate> <description><![CDATA[Bitcoin has struggled this year as the **artificial intelligence investment boom** piles pressure on crypto, even as BlackRock issues a massive $9 trillion prediction. The bitcoin price crash from **$126,000 to just over $60,000** has spooked traders, though some are cheering a potential recovery. Now, closely watched trader **Arthur Hayes** has predicted an AI "credit event" is about to crash the market and blow up the bitcoin price. Speaking on the *Bankless* podcast, Hayes said: "If we do get an AI credit event, it will be **bigger than 2008** because the whole world is in this delusion that AI is the biggest technology ever… and the Fed can’t [out] print Moore’s Law." Hayes, cofounder of BitMex, pointed to **AI capital expenditure** being compared to the pre-industrial revolution railroad build out. Technology companies have poured an eye-popping amount of cash into AI development, with the biggest hyperscalers—Meta, Microsoft, Amazon, and Alphabet—projected to spend a combined **$725 billion on AI infrastructure in 2026 alone**. "I don’t care how much money you throw at this thing, you can’t change the fact that chips get better every two years even if you pump $10 trillion into the economy," Hayes said. He predicted that if investors decide AI investment no longer meets its "cost of capital," that money will go **"straight" into bitcoin and crypto**. "The implosion of the AI bubble and the money printing that’s going to happen… is going to dwarf sub-prime and it’s going to take us to a **$1 million bitcoin price**." **Update June 19**: The bitcoin price has dropped toward $60,000 as major bitcoin buyer **Strategy's stretch stock teeters on the verge of collapse**. Fear has swept the market as Strategy’s stretch preferred stock fell to a record low of **$88 per share**, piling pressure on the company. Bitcoin and Strategy critic **Peter Schiff** posted: "The financial house of cards Saylor built is collapsing." Strategy founder **Michael Saylor** responded: "Markets are closed today. Volatility is never easy. Bitcoin keeps working. So do we." Hayes compared the potential AI credit event to **Michael Burry's famous bet against the U.S. housing market**, saying: "If you time this well, you’ll never work again." Meanwhile, new Federal Reserve chair **Kevin Warsh** left interest rates on hold, dropping the easing bias, as inflation remains at a three-year high and payrolls are strong. Bitcoin, created in response to the 2008 bank bailouts, has traded as both an inflation hedge and high-growth tech stock. Hayes believes the coming crisis will lead to massive money printing, ultimately driving bitcoin to **$1 million**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>arthurhayes</category> <category>aicreditevent</category> <category>bitcoincrash</category> <category>strategy</category> <category>marketsentiment</category> <enclosure url="https://imageio.forbes.com/specials-images/imageserve/6a33dc1c2908cb5ecc498e65/0x0.jpg?format=jpg&crop=1753,921,x665,y141,safe&height=900&width=1600&fit=bounds" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[HIVE Stock Surges 7% as Bitcoin Miner Lands Landmark $220M AI Deal with Bell Canada and Cohere]]></title> <link>https://www.bitcointoday.app/article/hive-stock-surges-7-as-bitcoin-miner-lands-landmark-220m-ai-deal-with-bell-canada-and-cohere</link> <guid>hive-stock-surges-7-as-bitcoin-miner-lands-landmark-220m-ai-deal-with-bell-canada-and-cohere</guid> <pubDate>Thu, 18 Jun 2026 20:01:11 GMT</pubDate> <description><![CDATA[## HIVE Digital Technologies Secures $220M GPU Cloud Contract HIVE Digital Technologies stock climbed more than 7% on Thursday after the company announced a **$220 million GPU cloud contract** with Bell Canada and Toronto-based AI firm Cohere—its biggest deal yet and the clearest sign to date that the Bitcoin miner is now firmly in the AI infrastructure business. ### The Deal Details The contract runs **three years** and is delivered through HIVE's subsidiary, BUZZ High Performance Computing. It involves **2,304 NVIDIA Grace Blackwell GPUs**—chips designed for frontier AI model training and inference—installed at Bell's purpose-built data center in Merritt, British Columbia. Cohere, a large language model company that builds AI systems for enterprises and governments, will use that compute layer to run its platform for Canadian clients. ### Sovereign AI: Canada's Strategic Push The term "sovereign AI" gets thrown around a lot. In plain terms, it means AI that runs on infrastructure inside your country's borders, on locally controlled data—which matters a lot when the clients are government agencies. Canada has pushed hard on this, with Ottawa committing **over $2 billion to domestic AI compute** as part of its Sovereign AI Compute Strategy and putting $240 million directly into Cohere. This deal is the physical layer of that bet. Cohere is a fitting anchor for the arrangement. The Toronto company is one of the few anywhere building foundation models—the base-layer AI that powers enterprise chatbots, government document processing, and everything in between—and recently announced a merger with Germany's Aleph Alpha that values the combined company at roughly **$20 billion**. Bell and Cohere had an existing partnership dating to July 2025; this contract is the compute infrastructure underneath it. ### HIVE's Pivot from Bitcoin Mining to AI Infrastructure For HIVE, which reported **$278.3M Bitcoin mining revenue** in its last quarter, this is the latest chapter in a pivot underway since 2022. The company began its AI shift by redirecting GPU capacity from crypto mining, landing a deal with Dell for new GPUs last November and closing a **$115 million convertible note offering** in April to fund hardware purchases. It's not alone: Keel Infrastructure, formerly Bitfarms, sold off its last Paraguay mining facility in April and is running the same playbook. Crypto mining returns are volatile and get harder as more miners compete for block rewards. Things get even harder during crypto winters, downturns in the market, as rewards become increasingly less attractive as the price of crypto assets go down but costs stay the same or go up. On the opposite side, **AI compute demand is growing fast** and clients—especially government agencies—sign multi-year contracts at locked-in rates. Trading one bubble for another, maybe, but at least this one has a government mandate behind it. ### Financial Impact and Future Plans Once the deployment goes live—expected between **late 2026 and early 2027**—HIVE expects roughly **$70 million in new annual recurring revenue** on top of the $35 million it already books from existing GPU operations. Its contracted HPC revenue target now exceeds **$100 million**. The company also has a larger project in the works: a **320-megawatt AI data center** in the Greater Toronto Area designed to house more than 100,000 Nvidia GPUs at full build-out. HIVE expects the facility to generate roughly **$360 million in annualized recurring revenue** at full operation and has set a broader target of **$660 million** in annualized HPC revenue by the end of 2028.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>hive</category> <category>aiinfrastructure</category> <category>gpucloud</category> <category>bitcoinmining</category> <category>sovereignai</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/05/bitcoin-mining-decrypt-style-02-gID_7.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Bitcoin Dips Below Key Level: Historical Data Shows 113% Median Returns for Buyers]]></title> <link>https://www.bitcointoday.app/article/bitcoin-dips-below-key-level-historical-data-shows-113-median-returns-for-buyers</link> <guid>bitcoin-dips-below-key-level-historical-data-shows-113-median-returns-for-buyers</guid> <pubDate>Thu, 18 Jun 2026 07:01:30 GMT</pubDate> <description><![CDATA[Bitcoin has recently been flirting with a level that has historically proved a near-perfect entry point for bulls, generating handsome returns, according to Kraken's Chief Economist Thomas Perfumo. That level is the **200-week simple moving average (SMA)**, which represents the token's average price over that period, providing traders with a clear glimpse of the long-term trend while cutting through day-to-day noise. Twice in the past two weeks, BTC dipped briefly below its 200-week SMA before climbing back above it by the end of each week. As of writing, bitcoin is trading at $63,900, just above the 200-week SMA of $62,358. That's notable because, as per Perfumo, **closes below this level have been rare**, occurring on only about 10% of trading days since mid-2017, and have historically marked unusually attractive entry points for buyers. > "Historically, buyers at this level have gone on to see **median returns north of 113%** over the following year and **313% over two years**," Perfumo said in an email. Median here means that if you lined up every single time someone bought BTC below the 200-week SMA and ranked their returns from worst to best, then 113% is the return that sits right in the middle. It also means half of those buyers enjoyed higher returns than that while the rest ended with less. That's different from a simple average return, which can get skewed by one or two big outliers, or extraordinary gains. The story gets even more positive. Not only has buying below the 200-week average produced triple-digit gains over one- and two-year periods, but the **pain of holding through that period has been limited**. > "For those who accumulated below the 200-week MA, the **median time to break even** on their investment has been **just two days**, while the **median maximum drawdown** over the subsequent year has been **only 9%**," Perfumo noted. However, he was careful to caveat the data, stressing that "past performance is no guarantee of future results. But the historical record makes a clear case: at these levels, bitcoin has tended to offer immense value."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>200-weekmovingaverage</category> <category>kraken</category> <category>technicalanalysis</category> <category>buysignal</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/b19fea6ba8d91933fbd0aa045661baca984f3247-4080x2720.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> </channel> </rss>