MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

Bitcoin mining firm TeraWulf released its Q2 2026 financial report, posting total revenue of $44.8 million, with high-performance computing (HPC) leasing revenue accounting for $31.9 million, or roughly 71% of the total. The company holds approximately $3 billion in cash and restricted cash, providing ample liquidity for ongoing projects and future expansion. On the operational front, Lake Mariner had 81 megawatts (MW) of revenue-generating critical IT capacity as of June 30. Following the delivery of CB-3 in early July, this capacity rose to 102 MW, while meeting the terms of its $600 million credit support obligation for Google’s Fluidstack leasing agreement. Additionally, CB-4 and CB-5, totaling 336 MW, are under construction. The first data hall of CB-4 has entered the commissioning phase, with phased delivery and commencement of leasing expected in the second half of 2026. CB-5 is targeted for phased delivery starting in early 2027, with construction costs remaining within the guidance range of $8 million to $10 million per MW. TeraWulf also disclosed several major strategic developments: it secured a roughly $19 billion leasing deal with Anthropic via Kentucky’s Justified campus, and acquired the gigawatt-scale Muskie data center campus. The company has signed a power service and related infrastructure agreement with Kentucky Power for up to 1 GW, further strengthening its power resource reserves. Furthermore, TeraWulf agreed to sell its stake in the Abernathy joint venture for approximately $530 million, and reaffirmed its annual target of locking in incremental critical IT capacity of 250 MW to 500 MW via contracts. TeraWulf is undergoing a full transformation from a pure Bitcoin mining operation to an infrastructure platform centered on AI data center leasing.

Recently, Wall Street financial institutions have ramped up coverage of SK Hynix’s US-listed American Depositary Receipts (ADRs), all assigning “Buy” or “Overweight” ratings. Bank of America, in its inaugural report, cited solid orders from U.S. tech firms, the company’s leading position in the high-end memory chip market, and expanding AI infrastructure investment as supporting a “super cycle” level of performance outlook, noting SK Hynix is currently undervalued. UBS analysts, who released the first such report on July 30, assigned a Buy rating and a $204 price target, arguing that memory supply shortages could persist through 2028, and current valuations “do not fully reflect structurally improved memory profitability, enhanced free cash flow generation, and significantly expanded shareholder returns.” The most aggressive price target came from Rosenblatt Securities, which set a $320 target, implying around 124% upside potential. Prior to this, SK Hynix’s stock had fallen roughly 37% from its June peak; HSBC, in a report released over the weekend, noted the market’s implied earnings cycle had plummeted from around 6 years to 2.7 years, and long-term trend earnings had dropped from roughly 6x in 2024 to ~2x, making current pricing overly pessimistic. This coordinated bullish stance from multiple Wall Street firms aligns with HSBC’s conclusion, further strengthening market expectations for a valuation recovery in Korean memory stocks.

According to GMGN market data, the on-chain meme token TENDIES on the Robinhood network has exceeded a $24 million market cap, posting a 27.4% 24-hour gain to hit a recent high, with a 24-hour trading volume of $2.1 million. TENDIES derives from the internet meme "tendies" (slang for chicken nuggets), originating from U.S. retail investors and the Reddit community, embodying the grassroots victory sentiment of retail traders celebrating by eating chicken nuggets after making profits. BlockBeats Note: Meme coin trading is extremely volatile, largely dependent on market sentiment and concept hype, with no intrinsic value or practical use cases. Investors should be mindful of the associated risks.

AI weather technology company WindBorne Systems has closed a $37 million Series B funding round, co-led by Khosla Ventures and Galvanize, with a post-money valuation of $250 million. Focused on serving government agencies, WindBorne uses long-endurance balloons to collect meteorological data, which is fed into its AI prediction models. The firm currently operates 20 launch sites worldwide and has approximately 600 balloons in operation.

Enterprise AI agent company HappyRobot has closed a $150 million Series C funding round led by Prysm Capital, with Eurazeo as co-lead. The round values the firm at $1.2 billion, pushing it into unicorn status, and brings its total raised to roughly $200 million. The round also saw the return of existing investors including a16z, Base10, and Y Combinator, alongside strategic backers such as Koch Disruptive Technologies, Orange, and Deutsche Telekom’s T.Capital. Founded in San Francisco in 2022 by three Spanish founders—Pablo Palafox (CEO), Javi Palafox (COO), and Luis Paarup (CTO)—HappyRobot initially focused on computer vision auto-labeling tools before pivoting to AI voice agents.

South Korea’s Korea Post (under the Ministry of Science and ICT) and the Korea Development Bank (KDB) signed a business cooperation agreement today at KDB’s Yeouido headquarters in Seoul, agreeing to jointly establish a 1 trillion won "AI Infrastructure Fund" to invest in next-generation AI data centers, energy infrastructure, and other national future strategic industries. The two sides plan to jointly source and invest in high-quality AI infrastructure projects to further expand financial cooperation. Park In-hwan, head of Korea Post, stated: "In this era, stable securing of AI infrastructure such as data centers and power grids is becoming a key determinant of national competitiveness. As an institution managing the public’s valuable assets, we will continue expanding infrastructure investment in national future growth drivers, balancing stability and profitability." This marks the two entities’ first joint investment in roughly 20 years; they previously set up an infrastructure fund together in 2006, backing national projects including Ulsan National Institute of Science and Technology, Incheon International Airport Railroad, the New Bundang Line, and power plants. The partnership aligns with the South Korean government’s policy to invigorate productive finance, using policy funds to leverage private capital in core AI-era infrastructure sectors. Earlier, the South Korean government has already ramped up investment in AI and digital infrastructure via its "Won Internationalization Roadmap" and "Sovereign AI" initiative. The joint investment between Korea Post and KDB signals a further tilt of public funds toward this field.