Core Scientific increased its Bitcoin holdings by 301 coins in Q2, reaching a total of 848, as it rebuilds its treasury after selling assets to fund a transition into AI and high-powered computing. Meanwhile, Galaxy Digital and MARA Holdings are expanding their Texas footprint with land acquisitions for data centers supporting AI, high-performance computing, and Bitcoin mining, signaling increased demand for digital infrastructure in the state. In related news, Emirates Airline has started accepting Bitcoin and other cryptocurrencies for flight bookings via a partnership with Crypto.com, initially for eligible UAE residents booking in Emirati Dirhams.
Core Scientific has significantly boosted its Bitcoin reserves, adding 301 coins during the second quarter. This acquisition brings the company's total Bitcoin holdings to 848 coins. The Nasdaq-listed miner is actively rebuilding its treasury after previously selling off Bitcoin earlier in the year. These sales were undertaken to finance the company's strategic pivot towards artificial intelligence (AI) and high-powered computing operations.
In parallel developments, Galaxy Digital and MARA Holdings are expanding their presence in Texas through separate land acquisitions. Both companies plan to develop data centers within the state, designed to support a range of digital infrastructure needs including AI, high-performance computing, and Bitcoin mining. These strategic moves underscore the escalating demand for power-intensive digital infrastructure in Texas.
Further diversifying the use cases for digital assets, Emirates Airline has commenced accepting Bitcoin and other cryptocurrencies for flight bookings. This new payment option is facilitated through a partnership with Crypto.com. Currently, the service is available to eligible residents of the United Arab Emirates (UAE) for bookings made in Emirati Dirhams.
Core Scientific has significantly boosted its Bitcoin reserves, adding 301 coins during the second quarter. This acquisition brings the company's total Bitcoin holdings to 848 coins. The Nasdaq-listed miner is actively rebuilding its treasury after previously selling off Bitcoin earlier in the year. These sales were undertaken to finance the company's strategic pivot towards artificial intelligence (AI) and high-powered computing operations.