Core Insights - The shift of large computing companies towards artificial intelligence (AI) and high-performance computing (HPC) has led to a resurgence in their stock performance, surpassing initial cryptocurrency gains [1] - Bitcoin mining companies are increasingly viewed as technology infrastructure firms rather than traditional miners, as they pivot towards AI and HPC opportunities [4] Group 1: Market Performance - Bitcoin mining stocks have outperformed the cryptocurrency market, with a fund tracking listed mining companies soaring over 150% this year [1] - Companies like Cipher Mining Inc. and IREN Ltd. have seen stock price increases of approximately 300% and 500% respectively, as they transition from pure Bitcoin mining to AI infrastructure [4] Group 2: Strategic Developments - Cipher Mining signed a 10-year, $3 billion hosting agreement with Fluidstack, indicating a blurring line between crypto mining and AI computing [4] - IREN completed a $1 billion convertible bond issuance, while TeraWulf Inc. announced plans for $3.2 billion in secured notes to fund its data center expansion [4] Group 3: Industry Challenges - Bitcoin miners' profitability metrics are nearing historical lows due to increased network difficulty and reduced transaction volumes following the Bitcoin halving event [8] - The focus of mining companies is shifting from increasing hash rates to optimizing energy utilization, as indicated by Riot Platforms, IREN, and Bitfarms [8] Group 4: Financial Metrics - Revenue and EBITDA margins from HPC and AI hosting are significantly higher than those from mining operations, leading to a higher valuation for AI-focused data centers compared to traditional mining firms [9]

Core Viewpoint - The shift of major computing companies towards artificial intelligence and high-performance computing has led to a resurgence in their stock performance, surpassing initial cryptocurrency gains, particularly Bitcoin [1][4]. Group 1: Market Trends - Bitcoin mining companies are increasingly viewed as technology infrastructure firms rather than traditional miners, as they pivot towards AI and high-performance computing [1][5]. - A fund tracking publicly listed mining companies has surged over 150% this year, indicating a significant shift in investor sentiment [1]. - Despite a recent downturn in the cryptocurrency market, Bitcoin has risen approximately 14% in 2025, nearing its historical high of around $126,000 earlier this month [1]. Group 2: Company Developments - Cipher Mining Inc. and IREN Ltd. have seen their stock prices increase by approximately 300% and 500% respectively, as they transition from pure Bitcoin mining to AI infrastructure [5]. - Cipher Mining signed a 10-year, $3 billion hosting agreement with Fluidstack, backed by Google, indicating a blurring line between crypto mining and AI computing [5]. - Bitdeer Technologies Group's stock rose nearly 30% after announcing plans to convert its mining facilities into AI data centers, potentially generating over $2 billion in annual revenue by the end of 2026 [6]. Group 3: Financial Metrics - The profitability metrics for Bitcoin miners are nearing historical lows, with the recent Bitcoin price surge providing little benefit to individual miners [9][10]. - The transition to AI and high-performance computing is expected to yield higher revenue per megawatt and EBITDA margins compared to traditional mining operations [10].

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 in pre-market trading after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]

Core Insights - Bitdeer Technologies Group (NASDAQ:BTDR) achieved a new all-time high due to impressive Bitcoin mining performance, with a 20.5% improvement in operations [1][3] - The stock reached a 52-week high of $27.8 before closing at $25.90, reflecting a 28.73% increase for the day [2] Group 1: Bitcoin Mining Performance - In September, Bitdeer mined 452 Bitcoins, up from 375 in August, indicating a significant operational improvement [3] - The company's self-mining operations improved to 35 EH/s in September from 30 EH/s in August, showcasing enhanced mining efficiency [3] Group 2: Future Plans and Expansion - Bitdeer aims to reach 40 EH/s by the end of October and plans to deploy Sealminer mining rigs while retiring older-generation rigs to boost profitability [4] - The company is expanding its high-performance computing (HPC) and data center business, capitalizing on the growing AI industry [4] - Initiatives include negotiating with potential tenants, building relationships with EPCs, and developing proprietary AI data centers [5]

As filed with the U.S. Securities and Exchange Commission on October 15, 2025 under the Securities Act of 1933, as amended. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 White Pearl Acquisition Corp. (Exact name of registrant as specified in its charter) British Virgin Islands 6770 N/A (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 701, 7/Floor ...

Core Insights - Bitdeer Technologies (NASDAQ: BTDR) experienced a significant share price increase of nearly 29% following a positive operational update, outperforming the S&P 500 index's 0.4% gain [1] Company Performance - Bitdeer reported mining 452 Bitcoin in September, a notable increase from 375 Bitcoin mined in August, indicating a strong operational performance [3] - The company has commenced mass production of its new product line, Sealminer 3, which includes four models, with initial deliveries expected this month [4] Industry Context - The crypto mining sector is currently benefiting from rising prices of digital currencies like Bitcoin and expanding into data center operations, creating favorable conditions for companies like Bitdeer [5]

Core Insights - Bitcoin mining stock prices have surged recently, driven by market enthusiasm for miners engaging in AI ventures [1][7] Company Performance - Major bitcoin miners such as Bitdeer, Bitfarms, Hut 8, CleanSpark, and Core Scientific have seen significant price increases, with Bitdeer leading at a 27% rise [2] - Over the past week, Bitfarms has outperformed with a 66% increase, followed by Bitdeer at 29.5%, TeraWulf at 23.2%, Hut 8 at 21.4%, CleanSpark at 20.4%, and Cipher at 17.5% [3] - IREN has shown a remarkable performance, up 1,100% over the last six months, despite lagging behind peers in the weekly timeframe [4] Financial Developments - IREN has closed a $1 billion convertible note to support its AI business, with Cantor Fitzgerald setting a $100 price target based on its neocloud business and the potential of its Sweetwater campus [5] - Bitdeer announced plans to have 200 MW of critical IT load operational in Southeast Asia by the end of 2026, projecting an estimated annual recurring revenue of $2 billion [6] Market Trends - The bitcoin mining sector has been experiencing a strong upward trend since summer, largely due to the AI investment wave, leaving miners without AI or high-performance computing initiatives at a disadvantage [7]

Core Insights - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 300 points on Wednesday [1] - Morgan Stanley reported better-than-expected third-quarter financial results, with earnings per share of $4.08, surpassing the analyst consensus estimate of $3.96 [1] - The company's quarterly sales reached $1.147 billion, reflecting a year-over-year increase of 6.2%, exceeding the expected $1.137 billion [1] Company Performance - Morgan Stanley shares rose by 6.8% to $165.90 on Wednesday following the positive earnings report [2] - Veritone, Inc. saw a significant increase in shares, jumping 67% to $9.13 after announcing new VDR contract wins and updating its Q3 financial outlook [4] - Other notable stock gains included Sana Biotechnology, Inc. (+26.8% to $5.64), T1 Energy Inc. (+26% to $5.04), and Bitdeer Technologies Group (+24.6% to $25.08) [4] Market Reactions - Bunge Global SA's shares increased by 12.7% to $92.85 after President Trump indicated the U.S. might terminate business with China related to cooking oil [4] - Bank of America Corporation's stock rose by 5.2% to $52.67 following positive third-quarter results [4]

Core Viewpoint - The performance of cryptocurrency mining companies has surged, driven by supportive policy proposals from UK Reform Party leader Nigel Farage during a recent conference in London [1] Group 1: Company Performance - Bitdeer Technologies (BTDR.US) saw an increase of over 25% [1] - Applied Digital (APLD.US) rose by more than 12% [1] - Hut8 (HUT.US) experienced a nearly 10% increase [1] - Bitfarms (BITF.US) gained over 5% [1] Group 2: Policy Proposals - Farage proposed a unified capital gains tax of 10% on cryptocurrencies [1] - He suggested establishing a national Bitcoin reserve worth approximately £5 billion using confiscated cryptocurrencies [1] - The proposal includes halting the Bank of England's digital pound project [1] - Farage advocated for allowing tax payments in cryptocurrency on a voluntary basis [1]