Core Scientific (CORZ) plans to shift part of its Bitcoin mining footprint in Pecos, Texas, toward AI-focused data center operations. Cointelegraph reported the company is developing a campus designed for up to 1.5 gigawatts (GW) of total capacity, with roughly 1 GW expected to be offered for lease. A key element of the plan is the conversion of about 300 megawatts (MW) currently used for Bitcoin mining into data center capacity for AI and high-performance computing workloads. Core Scientific has also acquired more than 200 acres of additional land to support the buildout. The pivot comes as Bitcoin mining economics face pressure from power costs and tighter regulatory attention, while demand for AI infrastructure continues to rise alongside advances in machine learning and cloud computing. By reusing existing power and cooling infrastructure, the company aims to shorten deployment timelines and limit upfront capital needs compared with building a greenfield data center. Industry observers increasingly view mining-to-AI conversions as a logical next step, given that miners often control attractive assets such as large power contracts, substations, and purpose-built facilities. JPMorgan analysts have noted that this dynamic could contribute to a new class of hybrid facilities capable of supporting both blockchain and AI workloads. Texas's deregulated power market and access to competitive electricity pricing, including renewable options, are central to the Pecos site's appeal for energy-intensive AI training. Grid reliability during extreme weather remains a key operational risk in the state, typically addressed through redundancy, backup generation, and energy-management strategies. From a technical standpoint, the transition requires a hardware and facility redesign: ASIC machines used for Bitcoin mining are not suited for AI tasks, which rely on GPU clusters and high-throughput networking. Cooling upgrades are also expected to manage higher heat densities. Core Scientific's experience running large-scale sites—the company manages more than 700 MW of Bitcoin mining capacity across multiple locations—may help execute the conversion and scale operations. Core Scientific has not provided a detailed completion schedule. Industry estimates suggest an initial phase could come online within 18–24 months, with the 300 MW conversion likely preceding the larger, leaseable expansion that may require additional construction. Securing tenants for the roughly 1 GW of lease capacity will be critical; potential customers include major cloud platforms and AI startups, either through colocation or fully managed offerings. If successful, the project could intensify competition in the AI data center market, including against established hubs such as Northern Virginia and Silicon Valley, while reinforcing a broader trend of cryptocurrency infrastructure being redeployed for AI computing. Disclaimer: This information is not trading advice. Bitcoinworld.co.in accepts no liability for investment decisions made based on this content. Conduct independent research and/or consult a qualified professional before making any investment decisions.

Block Inc., the Jack Dorsey-led company behind Square and Cash App, said it held 28,355 bitcoin as of the end of the first quarter, worth about $2.2 billion, according to a Proof of Reserves report released Monday. The filing breaks the total into 19,357 bitcoin held on behalf of customers, valued at roughly $1.5 billion, and 8,997 bitcoin held in Block's corporate treasury, valued at about $692.3 million. The company said third-party audit firms verified the figures. In its announcement, Block said users should be able to verify their bitcoin holdings rather than rely on trust, adding that anyone can independently confirm the company's reserves using on-chain signatures and that the reserves are "actively controlled, not just historically observed." With just under 9,000 bitcoin on its balance sheet, Block ranks 14th among corporate bitcoin holders, sitting just behind Trump Media, according to BitcoinTreasuries.net. Proof of Reserves gained momentum after FTX's collapse in November 2022, as crypto exchanges and financial firms increasingly adopted the practice to bolster transparency. Some bitcoin advocates remain skeptical. In May 2025, Michael Saylor, executive chairman of the largest corporate bitcoin holder, criticized current proof-of-reserves practices, arguing that publishing addresses can expose transaction history and create security risks for issuers, custodians, exchanges, and investors. He also said the approach provides asset proof, not proof of liabilities. Block is scheduled to report first-quarter earnings on May 7. The company posted net income of $115.7 million in the fourth quarter of 2025, down from $1.9 billion a year earlier.

Patrick Witt, the White House's top crypto adviser, told attendees at Bitcoin 2026 in Las Vegas that the Trump administration expects to announce a significant update to the Strategic Bitcoin Reserve in the coming weeks. Witt, executive director of the President's Council of Advisors for Digital Assets, said his team has made progress on the legal framework supporting the reserve and aims to move before new legislation is introduced on Capitol Hill. The U.S. government currently holds about 328,372 BTC—valued near $25 billion at recent prices—making it the largest known sovereign holder of Bitcoin and accounting for roughly 1.56% of circulating supply. The holdings were accumulated primarily through criminal forfeitures and law-enforcement seizures rather than market purchases. An executive order issued by Trump in March 2025 instructed federal agencies to consolidate those bitcoins into the reserve and prohibited future Treasury sales. Witt said the executive order alone does not provide a lasting guarantee: without congressional action, the no-sale stance remains a policy choice of the current administration rather than a permanent statutory protection. Over the past year, federal departments have been cataloging and pooling bitcoin from multiple forfeiture channels into a unified custody structure. Witt indicated that this internal consolidation effort has set the stage for the forthcoming announcement. Witt, who assumed the role after Bo Hines left the Crypto Council, did not provide details, describing the next step as substantive rather than merely procedural. In Washington, lawmakers are expected to view the late-2026 National Defense Authorization Act markup as a plausible path to codify the reserve. If reserve language survives that process, the bitcoin could become a permanent national asset backed by statute—a development some analysts associate with potential upside for BTC. Markets are watching whether the announcement points to new acquisition approaches, changes in custody arrangements, or clearer accounting. Witt's comments suggest the administration may be preparing to move beyond legal interpretation and toward concrete implementation. Any proposed framework is expected to face scrutiny from crypto czar David Sacks and lawmakers monitoring Senate activity on reserve infrastructure. The coming weeks will test whether the executive branch can translate custody mechanics into a durable federal Bitcoin policy.

Jack Dorsey's fintech firm Block reported holding 28,355 BTC, valued at roughly $2.2 billion, in its latest third-party audited proof-of-reserves filing. The company said 19,357 BTC are held on behalf of customers, while 8,997 BTC sit in its corporate treasury, currently valued at $692.3 million. The disclosure ranks Block as the world's 14th-largest corporate Bitcoin holder, just behind Trump Media based on recent corporate treasury standings.

ChainCatcher reports that Bitcoin slipped below $77,000 as U.S. spot Bitcoin ETFs posted a net outflow of $263.2 million, ending a nine-day run of net inflows. The shift comes just ahead of this week's Federal Reserve FOMC meeting, injecting caution into an April rebound that has otherwise held up well. Bitcoin fell on the day but is still up about 15% over the past month, after briefly touching $79,000 in April. The break in ETF inflow momentum is drawing attention as it lands during a macro-heavy week, with markets weighing the Fed's policy outlook, fresh inflation worries, GDP data, earnings from major tech firms, and additional rate decisions from central banks across Europe and Asia. Timothy Misir, BRN's Head of Research, said crypto entered the week with supportive momentum, but competing forces make it hard to frame the move as a straightforward risk-on rally. He added that investors appear to be showing "war fatigue" over the Middle East, while central banks are balancing supply-driven inflation against weakening confidence and uneven data. Glassnode echoed the mixed backdrop in its latest Weekly Pulse report, describing Bitcoin as sitting at the intersection of "bullish momentum, cautious sentiment, and consolidation." It said solid buying pressure is being offset by softer speculative participation and lower trading activity. QCP Capital noted that April still delivered a meaningful rebound and said the broader outlook remains constructive. The firm highlighted $82,000 as a key level, with a nearby CME gap seen as the next major test. Andy Baehr, Managing Director of Asset Management at GSR, said prices are "gradually moving higher," while $80,000 remains an important psychological threshold.

BlockBeats reported that Bitcoin slipped below $77,000 on April 28 after U.S. spot Bitcoin ETFs posted a $263.2 million net outflow on April 27, breaking a nine-day streak of net inflows. The reversal comes ahead of this week's FOMC meeting, tempering what had been a resilient rebound through April. Despite the day's pullback, Bitcoin is still up about 15% over the past month and briefly touched $79,000 in April. The pause in ETF inflow momentum stands out as markets head into a macro-heavy week, with investors weighing the Federal Reserve's path, renewed inflation worries, GDP data, earnings from major tech firms, and additional rate decisions from central banks in Europe and Asia. BRN Research Director Timothy Misir said crypto entered the week with encouraging momentum, but the number of competing forces makes it hard to call the move a straightforward risk-on rally. He added that investors are showing signs of "war fatigue" over the Middle East, while central banks juggle supply-driven inflation against fading confidence and uneven data. Glassnode echoed the cautious tone in its latest Weekly Pulse report, describing Bitcoin as a blend of bullish momentum, wary sentiment and consolidation, with strong buying pressure offset by softer speculative participation and lower trading activity. QCP Capital said April still delivered a meaningful rebound and the broader outlook remains constructive, though it flagged $82,000 as a key level, with a nearby CME gap seen as the next major test. Andy Baehr, Managing Director at GSR Asset Management, said prices are trending "upward gradually" and called $80,000 a key psychological marker.

Block, led by Jack Dorsey, bought 114 Bitcoin in the first quarter, lifting its corporate treasury holdings to 8,997 BTC, valued at roughly $691 million. Including customer funds, the company holds a total of 28,355 BTC worth approximately $2.2 billion.

Bitcoin slipped below $77,000, while U.S. spot Bitcoin ETFs posted a net outflow of $263.2 million, ending a nine-day run of net inflows, according to Huo Xing Finance. The reversal comes ahead of this week's Federal Reserve FOMC meeting, tempering what has otherwise been a resilient rebound in April. Despite the day's pullback, Bitcoin is still up about 15% over the past month and notched an early-April high near $79,000. The pause in ETF inflow momentum is drawing attention as markets head into a macro-heavy week featuring the Fed's policy signals, renewed inflation worries, GDP releases, earnings from major technology companies, and additional rate decisions from central banks across Europe and Asia. Timothy Misir, BRN's Research Director, said the crypto market started the week with encouraging momentum, but competing forces make it hard to frame the move as a straightforward risk-on rally. He added that investors appear to be showing "war fatigue" on the Middle East backdrop, while central banks face the challenge of balancing supply-driven inflation against softening confidence and mixed data. Glassnode struck a similar tone in its latest Weekly Pulse, describing Bitcoin as sitting in a mixed phase of "bullish momentum, cautious sentiment, and consolidation." The firm said strong buy-side pressure is being offset by weaker speculative participation and lower overall trading activity. QCP Capital said Bitcoin has still delivered a solid April rebound and that the broader market structure remains constructive, while flagging $82,000 as a key level, with a nearby CME gap seen as the next major test. Andy Baehr, Managing Director of Asset Management at GSR, said prices are edging "gradually higher," with $80,000 remaining an important psychological threshold.

US President Donald Trump signed an executive order shortly after taking office directing the establishment of a National Strategic Bitcoin Reserve by March 2025. No formal moves toward a strategic Bitcoin (BTC) reserve have been announced since, though the administration now appears poised to provide an update. Patrick Witt, Executive Director of the White House Digital Assets Advisory Council, said at the "Bitcoin 2026" conference in Las Vegas that work is underway to implement and reinforce Trump's Strategic Bitcoin Reserve initiative. Speaking at the event, Witt said a major announcement is expected in the coming weeks, adding that the team is defining the mechanisms needed to safeguard digital assets such as Bitcoin carried on the state balance sheet. Witt also indicated that progress on the initiative could be followed by legal and regulatory steps, and said the administration expects to take a significant executive action in the near term. The executive order envisions a reserve backed by Bitcoin and other digital assets seized by the government through criminal or civil proceedings. The plan targets roughly 200,000 BTC obtained via enforcement actions for use as a national reserve asset. This is not investment advice.