13F filings by the U.S. Securities and Exchange Commission (SEC) show that Third Point significantly increased its stake in Hut 8 (Nasdaq: HUT) to $151.8 million and initiated new positions in Riot Platforms (Nasdaq: RIOT), Core Scientific (Nasdaq: CORZ), and Applied Digital Corp. (Nasdaq: APLD), valued at $7 million, $1.38 million, and $820,000, respectively. Additionally, the fund invested $194.47 million in Jack Dorsey's Block (NYSE: XYZ).
These Bitcoin mining companies are shifting their focus to artificial intelligence to counter the trend of declining Bitcoin mining profitability. Block's Q2 2026 revenue reached $6.62 billion with earnings per share of $1.02, both exceeding expectations, indicating the success of its AI integration strategy.
Faster global financial news!
Billionaire hedge fund manager Daniel Loeb's Third Point made significant investments totaling over $350 million in Bitcoin mining companies transitioning to AI and Block during Q2 2026.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: C3.ai's revenue for fiscal year 2026 decreased by 35.7% year-over-year to $250.3 million, with an anticipated further decline to $210-240 million in fiscal year 2027.
|
Next: Ripple Prime, Ripple's brokerage arm, launched its Delta One trading desk on August 27, offering total return swaps for Wall Street equities and digital assets, with XRP available as collateral.
24H Trending
-
1
CoreWeave's default probability exceeds 60%, but NVIDIA CEO Jensen Huang states its financing costs are decreasing and NVIDIA is not required to backstop it.
-
2
CoreWeave Credit Default Swaps Hit Distressed Levels Amid Investor Concerns Over AI Debt
-
3
UKMTO Warns of "Severe" Threat to Shipping in Strait of Hormuz, Attacks "Highly Likely"
-
4
Jensen Huang Responds to AI Compute Investment Anxiety: Backs CoreWeave, Says Market Misreads Compute Demand
-
5
MSCI adopts new index exclusion rules; Strategy and Metaplanet may face removal, SharpLink placed on review list.
-
6
Fed's Hammack: Financial conditions do not appear restrictive right now
-
7
US embassy warns of potential attacks on Saudi airports, restricts staff travel and urges citizens to take extreme caution
-
8
MSCI Launches Consultation to Reclassify Indonesia Equity Indexes from Emerging to Standalone Market Status
-
9
Porsche CEO Michael Leiters discusses new Mission S supercar, China market, and future of EVs
-
10
Balaji Srinivasan's Network School acquires Farcaster; users must sign 'social smart contract' or get read-only access
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
