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Binance founder Changpeng Zhao surpassed Microsoft (NASDAQ: MSFT) co-founder Bill Gates in total net worth as of Wednesday. Forbes estimates Zhao holds $110 billion to Bill Gates’ $108 billion, marking a $47 billion wealth increase over the past year. Zhao ranks as the 17th richest person globally, primarily through his estimated 90% stake in the Binance cryptocurrency exchange. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis.

J.P. Morgan maintained an overweight rating and a $20 price target for Riot (NASDAQ: RIOT), despite the miner posting a 15% sequential decline in fourth-quarter revenue to $157 million, according to a Tuesday research note from the bank. The $20 target price is anchored by Riot’s 1.7-gigawatt portfolio across its Rockdale and Corsicana sites in Texas.

TeraWulf (NASDAQ: WULF) released its full-year 2025 earnings on Thursday, reporting $168.5 million in revenue, up 20% from $140.1 million in 2024. The annual results included the company’s first full year of HPC lease revenue, which contributed $16.9 million to the total. TeraWulf posted a net loss of $661.4 million for the year, compared to a net loss of $72.4 million in 2024, driven largely by a $429.8 million swing in the fair value of warrant and derivative liabilities.

Activist investor Starboard Value published a letter to Riot Platforms (NASDAQ: RIOT) leadership on Wednesday detailing a strategic transition that could value shares between $23.55 and $52.60. The firm argues the company can unlock significant value by shifting its power capacity focus from bitcoin mining to AI/HPC.

New U.S. Securities and Exchange Commission filings from FintTwit investor Mike Alfred’s Alpine Fox LP disclosed significant positions in cryptocurrency miners transitioning to AI/HPC infrastructure. Of note, the fund added positions in Bitcoin miner-turned-AI factory TeraWulf (NASDAQ: WULF) and Strive Asset Management (NASDAQ: ASST) since last quarter, among other companies.

Bitcoin miner Bitdeer (NASDAQ: BTDR) is being sued over its plans to build an HPC data center in Clarington, Ohio, as a neighboring tenant on the property alleges that the plans violate its contractual rights to the leased space, according to court documents Blockspace reviewed.

The DOJ dropped the largest batch of the Epstein Files yet this week, and they revealed just how many things the notorious pedophile had his tentacles in – and that includes Bitcoin. Social media was awash with references to prominent Bitcoiners who were either mentioned in Epstein’s emails, took funding from the sex-offender financier, and/or had direct contact with him over the internet or in person.

Bitcoin miner-turned-AI factory Cipher Mining (NASDAQ: CIFR) intends to sell $2 billion in senior secured notes via a subsidiary to finance a massive data center in West Texas, according to a company press release. The offering targets qualified institutional buyers to fund the completion of the Black Pearl facility, a 300 MW site fully leased to Amazon Data Services.

Crypto exchange Binance is converting its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins entirely into Bitcoin, per a Thursday blog post. Binance plans to complete the conversion over the next month. Want more stories like this? Get the Blockspace Podcast directly to your device on Apple, Spotify, or anywhere else you listen to podcasts.

With 2025’s data center CAPEX boom behind us, the AI and energy industries are now facing a multi-trillion dollar logistics threat from the east: China’s manufacturing and refining dominance. Craig Tindale – a macro trader and former manufacturing consultant for IBM and other major firms – discussed the looming threat on the most recent Blockspace Podcast.