BBX: Battle between "Computing Power Stratification" and "Energy Sovereignty" - Northern Data plans to spin off mining business, Riot locks in 2.5GW energy map

BBX News: Yesterday, global listed companies demonstrated dual characteristics of "vertical business spin off" and "rapid expansion of energy map" in encrypted treasury and computing power governance, marking that the computing power industry has officially entered the era of binary valuation driven by "pure AI premium" and "heavy asset energy control": Selling off computing power premium: Northern Data AG (OTCMKTS: NDTAF) plans to spin off its Bitcoin mining business, aiming to "purify" its balance sheet and capture Wall Street's highest valuation multiple for high-performance computing infrastructure. Geographical sovereignty card: Riot Platforms, Inc. (NASDAQ: $RIOT) has built the widest "physical moat" in the global computing power competition with a total power reserve of 2.5GW, directly converting power quotas into digital sovereignty. - AI hematopoietic capability verification: The achievement of Hut 8 Corp. (NASDAQ: $HUT)'s billion level ARR marks that mining companies have crossed the "concept period" of AI transformation and entered the "harvest period" of using fiat cash flow to feed back Bitcoin treasury. - Energy Efficiency Defense System: Bitfarms Ltd. (NASDAQ: $BITF) achieved a 15 J/TH energy efficiency target, achieving absolute lock in "marginal output" in the post halving era through extreme technological iteration. Global funding signal: Canaan Inc. (NASDAQ: $CAN)'s hardware orders sold out instantly, revealing the aggressive layout of Middle Eastern sovereign capital over $74000 for Bitcoin native production rights. The market presents a clear dual evolution trend of "categorization and separation of computing power assets" and "sovereignty of energy control rights". Source: bbx.com