News linked to both this project and an event.
Odaily News Riot Platforms' data center head, Jonathan Gibbs, has left the company after less than a year in the role, dealing a setback to the company's transformation towards AI and high-performance computing (HPC). The company's stock price fell approximately 6% on the day of the announcement.Gibbs joined in 2025, tasked with leading Riot's shift from traditional Bitcoin mining to AI and hyperscale data center operations. The reasons for his departure have not been disclosed, and his unvested stock awards (worth approximately $18.7 million) have been forfeited.Despite the short-term uncertainty brought by this personnel change, Riot had previously initiated its transformation. This includes partnering with AMD to build data centers and beginning to leverage its power resources to undertake AI computing business, generating some revenue conversion.To support infrastructure investments, the company has concurrently reduced its Bitcoin holdings. In Q1 2026, it sold approximately 3,778 BTC, raising about $290 million.Market observers believe Riot is at a critical stage of its dual-track transformation of "mining + AI computing power." While executive changes may affect the execution pace, the long-term direction will ultimately depend on its ability to successfully implement its data center business.
According to The Block, Galaxy Digital released its full-year 2025 financial results. Although the company reported a net loss of $241 million for the year, its core business achieved profitability on a non-GAAP basis. Specifically, its digital asset business segment—which includes trading, lending, asset management, and staking services—generated adjusted gross profit of $505 million. Boosted by this performance, GLXY’s stock closed up 11.3% that day at $21.15. CEO Mike Novogratz stated that the company’s Helios data center has received ERCOT approval to expand capacity to 1.6 gigawatts, and CoreWeave has signed a long-term lease for 800 megawatts of that capacity, securing a stable, long-term revenue stream. He emphasized that the industry is shifting from “narrative-driven” to “infrastructure-driven,” and Galaxy will continue to focus on core areas including the institutional market, asset management, onchain infrastructure, and AI data centers.
Crypto analyst Ali published a detailed analysis on X, arguing that rather than debating whether Bitcoin has hit its bottom, market participants should focus on whether the current volatility represents a “generation-defining entry opportunity.” Based on long-term trend lines, on-chain liquidity, and cost distribution metrics, Ali delineates the core “value range” for this cycle. On the support side, the UTXO Realized Price Distribution (URPD) shows a significant concentration of coins in the $63,111–$70,685 range, forming the current primary support zone; if price breaks below $63,111, the market may enter a liquidity vacuum. From a long-term perspective, Bitcoin is approaching the key upward trend line from the past decade (approximately $56,000–$60,000), a level historically associated with accumulation phases preceding major rallies.