News linked to this event type.
According to Bitcoin News, Bitcoin mining company Ionic Digital disclosed that it has completed a $400 million private placement financing. Financial data shows that the company achieved revenue of $51.4 million in the first quarter of this year, of which the digital infrastructure leasing (AI/HPC) business contributed $44 million, surpassing Bitcoin mining business revenue for the first time.
According to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting to raise approximately 1 billion to 1.5 billion RMB (approximately $150 million to $220 million), with plans to complete by the end of this year; insiders revealed that the fund will raise capital from investors within China. Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partnership (QFLP) mechanism and converted them into RMB capital to invest in assets within China; its direct equity strategy fund Hamilton Lane Equity Opportunities Fund VI (EO VI) has completed fundraising of $3.8 billion. Hamilton Lane has already established a presence in the crypto sector, strategically investing in the on-chain investment platform Republic this March; its tokenized credit fund is already custodied on-chain, and the Senior Credit Opportunities Securitization Fund HLSCOPE has a total asset value of approximately $9 million on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.
According to Reuters, AI chip startup Oxmiq announced the completion of a new $35 million funding round, led by Samsung Catalyst Fund and Fudomo, with participation from Taiwan's MediaTek and Pegatron Venture Capital, bringing the company's total funding to $60 million. Oxmiq was founded by former Intel Chief Architect Raja Koduri and is headquartered in Campbell, California. The company plans to integrate GPU, CPU, and tensor engine components into a single IP module for licensing, and develop an integrated computing architecture including Chiplets and memory, while positioning itself in the custom chip market to compete with Broadcom, Marvell, and MediaTek. Koduri stated that Oxmiq's goal is to become the "ARM of the next era." The funds will be used to complete the development of the first batch of IPs and bring them to market, while expanding the engineering team.
According to Bloomberg, data center operator Switch has officially launched a $2 billion private financing round led by a16z. Sources familiar with the matter revealed that Switch's enterprise valuation (including debt) following this financing could approach $50 billion, with an equity value of approximately $19 billion (excluding new investment). a16z is set to invest approximately $400 million. Additionally, Goldman Sachs Group and JPMorgan Chase are assisting in facilitating this financing round, which may prepare Switch for an initial public offering (IPO) as early as next year. Relevant negotiations are currently ongoing, and the financing size, valuation, and timing remain subject to adjustment. Headquartered in Las Vegas, Switch was founded in 2000 and currently operates data centers in Nevada, Michigan, Georgia, and Texas. Its majority equity is held by DigitalBridge, which previously privatized Switch in a transaction valued at approximately $11 billion (including debt) in 2022 alongside investors such as IFM Investors.
According to TechFlow Research, Morgan Stanley released an Internet Tracking Report, noting that Google and Meta's nominal EV/EBITDA multiples appear inexpensive (GOOGL 16.1x, META 8.9x), but after adjusting for stock-based compensation accounting treatment, the true multiple rises from 16.3x to 31.1x (+91%), still lower than the five-year average of 31.6x, implying that the true valuation of internet giants is undervalued by the market by more than 30%.
According to BitcoinTreasuries data, South Korean listed company K Wave Media (KWM) has sold all of its remaining 88 BTC to repay $6 million in debt. Following the sale, the company's Bitcoin holdings have dropped to zero, exiting the ranks of Bitcoin treasury companies.K Wave Media announced last year that it had secured a $1 billion Bitcoin treasury financing capacity and planned to expand its Bitcoin holdings to 10,000 BTC as soon as possible. However, in May this year, the company redirected up to $485 million of its remaining financing capacity from the Bitcoin treasury strategy to AI infrastructure construction, including data centers, GPU computing power, and related acquisitions.
Odaily News: Bitcoin News posted on X platform, stating that the paper "A Mechanistic Derivation of the Bitcoin Price Power Law: Network Adoption Dynamics and Generalised Metcalfe Scaling" authored by @Giovann35084111 and @moneyordebt has been officially published in Elsevier’s *Nonlinear Science* journal after peer review. The paper argues that Bitcoin’s long-term price power law can be derived from network adoption dynamics and generalized Metcalfe scaling, providing a theoretical foundation for one of Bitcoin’s most debated valuation models.
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.
: UK investment advisor Farside Investors stated that Strategy's STRC preferred product carries structural risks related to adjustable coupon rates and price stabilization mechanisms. STRC is primarily issued at around $100, with a mechanism designed to increase dividends when the price falls below $100 and decrease dividends when the price rises above $100, in order to guide the market price back to that level. Farside Investors noted that if investor concerns over Strategy's credit risk intensify, the STRC price could decline. Raising dividends to support the price would increase cash pressure and further undermine investor confidence in the security's valuation. STRC recently traded at around $75 before rebounding to $86. Strategy has launched the Digital Credit Capital Framework, which plans to establish a U.S. dollar reserve, raise STRC dividends to 12%, repurchase preferred securities at a discount, and authorize the sale of Bitcoin to help cover dividend payments and reserve funding.
BitcoinTreasuries.NET posted on X platform, stating that Empery Digital EMPD indicated it may sell part of its 3,000 Bitcoin holdings to finance a $65 million AI data center project. The company currently has no plans to increase its BTC holdings.
Venice AI founder Erik Voorhees stated on the X platform that to complete the $65 million Series A financing round, Venice chose to sell equity rather than directly sell VVV. Despite VVV's price increasing over 700% this year, Venice has not sold any tokens and currently holds over 30 million VVV, representing more than 37.5% of the total supply of 80 million tokens.Investors in this round received 8.98% equity, a vesting grant of 1.5 million VVV, and warrants to purchase 5 million VVV over the next 8 years. If all warrants are exercised, Venice's total financing will increase to $131.5 million. The relevant tokens are locked for 1 year and then unlock linearly over 3 years, with an expected average daily new circulation of less than 6,000 tokens. Venice stated that it will continue to maintain its tokenomics model of repurchasing and burning VVV with revenue.
Venice AI has announced the completion of a $65 million Series A funding round, led by Dragonfly, with participation from Coinbase Ventures, North Island Ventures, and others, at a valuation of $1 billion. The project primarily offers a platform that grants access to over 200 AI models while ensuring privacy.
Bybit officially launches Bank Triparty, providing institutional clients with lending services backed by bank-custodied collateral assets. Eligible institutions can deposit collateral assets independently with partner banks and obtain financing limits without altering existing trading strategy infrastructure.
According to TechFlow Research, Goldman Sachs' June 30 AI Project Pulse Monthly Report shows that 7 major transactions tracked in June totaled nearly $7 billion. Argentum AI signed a $4.1 billion contract to deploy 27,000 GB300 GPUs for a leading AI company, supported by a 300MW Poland data center, going online in phases in 2026; India's Yotta Sovereign Cloud procured $2 billion worth of 20,736 B300s and 5,120 B200s, subsequently expanding to six Southeast Asian countries. Crypto mining farm AiOnX acquired 77% equity of Genesis Digital Assets for $500 million, converting 1.3GW of power from 15 mining farms to AI computing power. CoreWeave and Dell built the world's first fully validated Vera Rubin NVL72 rack, with 72 Rubin GPUs plus 36 Vera CPUs; NVDA confirmed mass production in the second half of 2026. SMCI raised $7 billion to address approximately $39 billion in backlog orders, covering more than 20 clients, with funds used to lock in upstream components in advance. Goldman Sachs simultaneously raised its global server market size forecast.
"The White-Haired Stock Guru" Serenity posted on X platform, stating that Sivers Semiconductors (SIVE) has completed a new round of capital increase financing worth 700 million Swedish kronor. The round was "multiple times oversubscribed" and was slightly upsized from the original target. Funds from this round will primarily be used to expand production capacity for InP (Indium Phosphide) lasers and optical amplifiers, driving the company's capacity ramp-up under a fab-light model.Serenity's analysis indicates that this financing suggests SIVE may have reached a critical inflection point for scaled development. The issue price was 57 SEK per share, while the current stock price is approximately 63 SEK, close to the market price, which could help form price support. With the entry of institutional funds, this not only reduces SIVE's balance sheet risk but also provides financial support for its transition to the High-Volume Manufacturing (HVM) stage.
Odaily reports: AI chip startup Etched has completed a roughly $800 million funding round, with investors including quantitative trading giant Jane Street and a venture capital firm affiliated with Taiwan Semiconductor Manufacturing Company (TSMC). The company is currently testing its AI inference chip product and plans to begin shipping to select customers this summer. It has also signed sales contracts totaling approximately $1 billion, though specific customers were not disclosed.Founded in 2022, the company positions itself as a potential competitor to NVIDIA in the field of AI computing chips, focusing on designing customized chip architectures for large model inference scenarios. It is collaborating with TSMC to develop "low-voltage inference" technology aimed at reducing energy consumption and heat dissipation pressure.This funding round, previously reported to have a valuation of around $500 million, includes participation from Stripes, funds associated with Peter Thiel, and several quantitative firms. Jane Street is said to have invested over $100 million in total, with subsequent additional contributions. (Bloomberg)
Helix Infrastructure Partners, an AI infrastructure company backed by private equity giant KKR, has officially entered the AI data center investment sector. The company plans to accelerate the provision of customized computing facilities for hyperscale cloud providers by acquiring existing data center developers.Helix is led by former Amazon Web Services executive Adam Selipsky and has received support from industry capital including Nvidia. The goal is to rapidly acquire mature assets rather than building data centers from scratch, amid persistently high demand for AI computing power.It is reported that the company is evaluating the acquisition of data center enterprises specializing in developing customized facilities for large cloud clients, aiming to alleviate the current market’s “data center supply bottleneck” and accelerate the pace of AI infrastructure deployment. Analysts point out that under the dual constraints of surging AI computing demand and tight power resources, private capital is accelerating its involvement in data center asset consolidation, driving a shift in AI infrastructure from a development-driven model to a merger and acquisition-driven one. (The Information)
Apollo Chief Economist Torsten Slok issued a risk warning, stating that major AI companies are heavily borrowing for industrial expansion, with the total scale of related bond issuance estimated to reach $700 billion. This massive new supply is diverting market funds, creating a significant crowding-out effect on U.S. Treasuries and other credit products.Torsten Slok stated that if the scale of debt financing for AI infrastructure continues to expand, the overall capital allocation logic in the bond market will undergo a restructuring, persistently suppressing demand for U.S. Treasuries while exerting medium- to long-term pressure on the liquidity of the entire credit market.
Odaily Wall Street investment bank TD Cowen has lowered its price target for Bitcoin treasury company Strategy (STRC) from $400 to $260, a reduction of approximately 35%, while maintaining a "Buy" rating. The firm noted that the company's newly launched digital credit capital framework is constructive, with continuous improvements in credit transparency and capital flexibility.Analysts explained that this valuation adjustment is unrelated to the new capital framework, but is primarily driven by lowered Bitcoin price expectations: the BTC price forecast for end-2026 has been reduced from $140,000 to $100,000, and the end-2027 forecast from $190,000 to $135,000. Even after the adjustment, the $260 price target still implies over 200% upside from the closing price of $92.68. The investment bank also acknowledged that this valuation differential appears relatively high.On the capital front, Strategy has rebuilt $2.55 billion in USD reserves. Last week's issuance of 12 million common shares was not used to increase Bitcoin holdings. Existing cash can cover more than 17 months of interest and preferred stock dividends, and combined with BTC monetization capacity, can cover 26 months of expenses. The company has received approval for $1 billion in common stock buybacks and $1 billion in preferred stock buybacks, marking a shift from one-way equity issuance to proactive capital structure optimization. The $1.25 billion in Bitcoin monetization proceeds will replenish cash reserves, while the preferred stock dividend rate has been raised from 11.5% to 12%, alleviating the previously significant 26% discount issue. (TheBlock)
Nasdaq-listed Bitcoin treasury company Empery Digital has announced the signing of a definitive cooperation agreement with Hunt Properties, investing $65 million to acquire a 25% equity stake in a new project entity. This entity plans to acquire and repurpose industrial厂房 in the U.S. Midwest to build a professional AI data center.The two parties have established a long-term strategic partnership to jointly develop computing power assets, advance AI and high-performance computing (HPC) infrastructure expansion, and integrate advantages in power supply, grid access, and capital market financing. Simultaneously, Empery Digital announced it will cease its previous public data disclosures based on Bitcoin holdings net asset value (NAV). The company explained that its current asset structure can no longer be measured solely by Bitcoin holdings and will focus on growth opportunities in AI computing power and energy infrastructure, diversifying into physical computing power operations. (Businesswire)