BBX News: Cipher Digital signs third mega lease in Q1, bringing total leases to $11.4B and 907 MW, up +23.5% today; Circle’s CLARITY Act compromise retains USDC revenue sharing, up +20%; Q1 earnings on May 11; K Wave abandons $485M BTC plan for AI, shares down -25%, plans to rename Talivar Technologies. Key Highlights: ——Cipher Digital (NASDAQ: CIFR): Q1 revenue of $34.8M, net loss of $114.3M; three mega leases totaling $11.4B, 907 MW, annualized NOI of $787M; cash of $715M, pipeline of 3.3 GW; +23.5%. ——Circle Internet Group (NYSE: CRCL): CLARITY Act compromise preserves usage-based revenue sharing; up +20% (May 4); BTC breaks $80K; Q1 earnings on May 11; Wells Fargo price target $142. ——K Wave Media (NASDAQ: KWM): Abandons $485M BTC plan to invest in AI data centers and GPU computing power; sells Play Co. to eliminate $48M debt; plans to rename Talivar Technologies; shares down -25%, market cap ~$21M. Source: bbx.com
Cipher Digital Signs $114B in Leases, Circle Rises on CLARITY Bill, K Wave Shifts to AI
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Summary
On-chain news shows Cipher Digital signed $114B in Q1 leases, totaling 907 MW, with a 23.5% stock increase. Circle rose 20% after the CLARITY bill compromise preserved USDC revenue. K Wave shifted $485M in BTC toward AI and crypto news, GPU centers, rebranded as Talivar, with its stock down 25%.
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