Market News Today — AI-Curated Stock & Crypto Headlines

US Democratic lawmakers accused the Trump administration of using the U.S.-China critical minerals competition as a pretext for corrupt deals that allegedly enriched the president’s family and friends, citing billions of dollars in questionable contracts.

The article reports that a negative U.S.

Hycroft Mining's stock rose over 7% after the company announced the addition of four top experts in precious metals mining.

Hyperscale Data's shares reached an all-time low after the company announced its Michigan facility would transition from Bitcoin mining to AI workloads, signaling a strategic pivot away from cryptocurrency operations.

Hyperscale Data, a company involved in data center operations, has shifted a Michigan site from Bitcoin mining to AI workloads, potentially generating over $1.2 billion in revenue with expansion options exceeding $3 billion.

Bitcoin’s hashrate has been stagnant for 316 days due to rising difficulty and high operating costs, while AI and high-performance computing (HPC) workloads are diverting power away from mining, potentially prolonging the downturn.

The article notes that lithium spot prices are soaring as battery storage demand expands globally, leading to higher profits for lithium mining companies and increased deal activity.

Ripe Protocol has announced the deployment of classic DeFi liquidity mining functionality on Robinhood Chain.

The article recounts the historical discovery of tanzanite in Tanzania and notes that the country's mining model is beginning to generate benefits, referencing the original rights granted to Tiffany & Co's vice president.

Cango's shares declined 20% after the company reported an $81.6 million loss in Q2, driven by scaled-back bitcoin mining operations and reduced revenue.

Cango reported an $82 million loss for Q2, leading to a 20%+ decline in its share price.

The article reports that the Silver Miners ETF (SIL) achieved an 86.6% one-year return, significantly outperforming the gold fund (AAAU) with a 35.5% return.