Cathie Wood’s ARK Invest bought another $15.6 million of shares in Bitmine Immersion Technologies (BMNR), bringing its total investment in the company to more than $300 million.
ARK Invest bought the shares on Wednesday across its three funds, with ARK Innovation ETF (ARKK) buying 227,569 shares, followed by ARK Next Generation Internet ETF (ARKW) with 70,991 shares and ARK Fintech Innovation ETF (ARKF), which bought 40,553 shares.
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million. “These increases were… Source link
