Bitcoin may have sold off today, but bitcoin mining stocks that are pivoting to AI enjoyed a strong rally alongside tech stocks. Tech in general bounced back from a selloff yesterday that was spurred by market jitters over workforce disruptions from AI, with the Nasdaq and S&P 500 respectively gaining 1% and 0.8%. In the realm of bitcoin mining stocks, companies leaning into AI saw the greatest rebound. Attesting to the cohort-wide rise, Hashrate Index’s Bitcoin Mining Stock Index – an industry benchmar ...

SAN ANTONIO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm1 with longstanding experience in global markets and specialized sectors, today reported financial results for the second quarter of fiscal 2026 ended December 31, 2025. Total assets under management (AUM) were approximately $1.5 billion at quarter-end, representing a 12% increase from the prior quarter and 5% higher than AUM at the end of the year-ago quarter. This ...

Core Viewpoint - MSTR shares have significantly underperformed, dropping 59.7% over the past year, contrasting sharply with the Zacks Finance sector's increase of 10.4% and the Zacks Financial - Miscellaneous Services industry's decline of 24.4% [1][8] Performance Comparison - MSTR has lagged behind peers such as Hut 8 Corp. and Riot Platforms, which saw gains of 164.6% and 26.5%, respectively, while HIVE Digital Technologies experienced a decline of 22.9% [2] Company Model and Market Sensitivity - The company's highly leveraged model has made MSTR a volatile proxy for Bitcoin, leading to increased sensitivity to fluctuations in the crypto market [3] - Institutional exits, potential MSCI exclusion, and rising competition from spot Bitcoin ETFs are diminishing its proxy premium, while ongoing equity issuance to fund Bitcoin purchases is pressuring long-term returns [3] Technical Indicators - MSTR is trading below both its 50-day and 200-day simple moving averages, indicating sustained bearish momentum and limited near-term upside potential [6] Bitcoin Treasury - MSTR holds 717,131 bitcoins valued at $58.9 billion, making it the largest corporate Bitcoin treasury globally, representing approximately 3.4% of all BTC ever to exist [10][12] - The treasury has been built through disciplined accumulation since Q3 2020, with a total acquisition cost of about $54 billion at an average price of $76,000 per bitcoin [11] Capital Raising and Growth Strategy - In 2025, MSTR raised $25.3 billion, becoming the largest U.S. equity issuer for the year, which accounted for about 8% of total U.S. equity issuance [13] - The capital raised has been primarily allocated to increasing Bitcoin holdings and strengthening the balance sheet, enhancing liquidity and supporting disciplined treasury expansion [14] Shareholder Security - MSTR's Bitcoin reserve provides a strong foundation for shareholder security, with net leverage near 10% relative to BTC reserves, maintaining a conservative capital structure [15] - The reserve supports long-term dividend sustainability, with $888 million in dividends estimated to provide approximately 67 years of coverage based on the current BTC reserve [17] Valuation - MSTR is currently trading at a premium valuation, with a forward 12-month price-to-sales (P/S) ratio of 74.18X, significantly above the sector average of 9.23X [18] - This premium valuation is supported by MSTR's ability to consistently grow BTC per share, even amid Bitcoin price volatility [19] Investment Recommendation - Despite the recent decline, MSTR's strong Bitcoin treasury and disciplined capital deployment create a structurally advantaged model, presenting a strategic buying opportunity for investors comfortable with volatility [22]

HIVE Digital Technologies (Nasdaq: HIVE), the Bitcoin mining giant, announced its financial results for the third quarter ended Dec. 31, 2025, on Feb. 17. The company registered a record revenue of $93.1 million in the third quarter of 2025, a growth of 219% year-over-year (YoY). Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $5.7 million. It generated a digital currency hashrate revenue of $88.2 million during the quarter. The hashrate revenue was achieved at ...

Core Insights - The company reported a net loss of $91 million, primarily due to non-cash charges including $57 million in depreciation and a $31 million fair value adjustment on derivatives [1] - Quarterly revenue reached a record $93 million, driven by an increase in Bitcoin mining capacity to 25 exahash, maintaining 2% of the global network [1] - Strategic geographic diversification between the Northern and Southern Hemispheres helped mitigate seasonal curtailments, with operations in Paraguay achieving nearly 100% uptime during Canadian winter [1] Financial Performance - The $91 million net loss was largely attributed to non-cash charges, indicating a focus on long-term asset depreciation rather than immediate cash flow issues [1] - The record revenue of $93 million reflects successful scaling of operations and effective management of mining capacity [1] Strategic Initiatives - The company implemented a 'dynamic HODL' strategy, realizing $14 million in value through call options on pledged Bitcoin, allowing for fleet upgrades without cash outlay [1] - The '10/10' Binance flash crash was noted as a significant event that disrupted institutional trust and initiated a prolonged bottoming process in the crypto ecosystem [1] - The company is avoiding high-leverage debt for expansion, opting for a pragmatic approach to build tier three data centers to meet high-margin AI and HPC demand [1] Market Positioning - The company is transitioning from a pure-play miner to a diversified infrastructure provider, focusing on sovereign data needs and military spending in NATO and Latin American markets [1]

Earnings Reports Overview - The fourth-quarter earnings season is nearing its end, with several significant reports from retail, energy, and tech companies expected this week [1] - Key companies reporting include Palo Alto Networks, Carvana, Walmart, and Opendoor Technologies [1][2][4][7] Company-Specific Insights - **Palo Alto Networks**: Expected to report earnings of 94 cents per share on revenue of $2.58 billion [1] - **Carvana**: Anticipated to report quarterly earnings of $1.10 per share on revenue of $5.26 billion, despite concerns over a short-seller report alleging accounting irregularities [3] - **Walmart**: Projected to report earnings of 72 cents per share on revenue of $190.24 billion, with a focus on high-margin segments like advertising and e-commerce [4] - **Opendoor Technologies**: Investors are looking for updates on turnaround plans and progress toward 2026 profitability, particularly regarding gross margins and the AI-driven "capital-light" platform [7]

Core Insights - Figma (FIG) is set to report its fourth-quarter 2025 results on February 18, with expected revenues between $292 million and $294 million, aligning with the Zacks Consensus Estimate of $293 million for revenues [1] - The Zacks Consensus Estimate for Figma's earnings per share in the fourth quarter is 7 cents, remaining unchanged over the past 30 days [1] Revenue and Customer Growth - Figma has expanded its product portfolio with AI-integrated products, contributing to robust customer base growth, with approximately 30% of customers spending $100,000 or more in ARR using Figma Make weekly by the end of the previous quarter [2] - In the third quarter of 2025, Figma added over 90,000 paid teams in two quarters, bringing the total to 540,000 paid customers, indicating strong customer acquisition momentum expected to continue into the fourth quarter [3] AI Integration and Innovations - Figma has integrated Gemini 3 Pro with Nano Banana Pro into its design workflows, enhancing AI image generation and editing capabilities, and collaborated with OpenAI to allow editors to use ChatGPT for creating visual assets [4] - The collaboration with ChatGPT and ongoing innovations are likely to help Figma retain its customer base amidst competition from newer generative AI platforms [5] Financial Performance and Margins - Figma's operating margins shrank in the third quarter of 2025 due to significant increases in non-GAAP research and development (43.6%), sales and marketing (18.6%), and general and administrative expenses (68.2%), a trend expected to persist in the upcoming quarter [6] Earnings Prediction - Current analysis indicates that Figma's earnings prediction does not suggest a likely earnings beat, with an Earnings ESP of -7.69% and a Zacks Rank of 4 (Sell) [7]

Bitcoin recently crashed into the $60,000 range, creating all kinds of chaos. Not only is this below key support levels set by the previous cycle, but this has also put BTC's price in the danger zone for Bitcoin miners. Many miners are now operating at break even, and some are even being forced to unplug.The result is that Bitcoin's hash rate has dropped massively, and this has investors everywhere asking questions about the future of Bitcoin mining. Is this the start of a death spiral for the mining indust ...

Core Insights - HIVE Digital Technologies has signed customer agreements for its BUZZ High Performance Computing platform, totaling approximately $30 million in contract value over two years [1] - The new contracts will support the initial phase of AI-optimized GPU deployment at BUZZ's site in Manitoba, expected to be operational by the end of Q1 2026 [3] - HIVE aims to scale its HPC GPU AI cloud business to approximately $140 million in annual recurring revenue (ARR) within the next year, depending on market conditions [3] Financial Projections - Management anticipates that the first phase of BUZZ's cloud business will generate around $15 million in ARR once fully operational [4] - Total annualized revenue from HIVE's HPC segment is expected to rise from about $20 million to around $35 million, driven by strong demand for BUZZ's AI cloud platform [5] Strategic Positioning - The new contracts enhance HIVE's established Tier-I hashrate services and solidify its position as a leader in next-generation digital infrastructure [2] - BUZZ's expansion in Canada West is seen as a significant milestone, contributing to a coast-to-coast AI infrastructure capable of serving both domestic and international demand [3]

Core Insights - HIVE Digital Technologies Ltd. will release its financial results for the nine months ended December 31, 2025, on February 17, 2026, with an earnings call scheduled for 8:00 am Eastern Time [1][2] - The upcoming results will provide insights into HIVE's Bitcoin mining operations and GPU-accelerated high-performance computing business [2] Company Overview - Founded in 2017, HIVE was the first publicly listed company to mine digital assets using green energy [3] - The company operates Tier-1 and Tier-3 data centers across Canada, Sweden, and Paraguay, supporting both Bitcoin mining and AI computing workloads [3] Recent Performance - HIVE reported strong operating results for January 2026, with an average hashrate of 22.2 exahash per second (EH/s), peaking at 23.7 EH/s, representing a 290% increase from 5.7 EH/s a year earlier [4] - Bitcoin production in January totaled 297 BTC, up 191% from 102 BTC in January 2025, with average daily production reaching 9.6 BTC despite a 30% year-over-year increase in global mining difficulty [5] - The company maintained over 2% of the global Bitcoin network hashrate during January [5] Operational Strategy - HIVE attributes its consistent performance to a geographically diversified model spanning three continents and nine time zones, which helped maintain stable operations during severe cold weather in the northern hemisphere [6]