每经AI快讯，2月20日，加密货币概念股美股盘前普涨，Strategy、Coinbase、Circle、MARA涨超1%。 ...

Bitcoin miner Bitdeer has overtaken MARA in terms of self-mining hash rate among publicly traded companies, establishing itself as an industry leader within the past month, according to JPMorgan analysts. At 63.2 exahashes per second (EH/s), Bitdeer is now allocating more computational resources to Bitcoin’s network for itself than MARA, analysts led by Reginald Smith wrote. MARA last reported a self-mining hash rate of 60.4 EH/s. The shakeup follows what analysts described as an “impressive” month for Bit ...

Today's topics:✅ Macro stress peaks as crypto sentiment hits historic lows📍 CMC Fear & Greed Index prints an all-time low📍 Liquidation analysis & Options market analysis✅ BTC📍 Analysis of the potential causes to BTC overselling: an Asian institution’s cross-market leverage collapse tied to yen carry trades? forced liquidation of large Bitcoin ETF (IBIT) positions? Gov selling seized Bitcoin?📍 ETF: Bitcoin ETFs reported $434m in outflows yesterday, $IBIT was $175m of it. YTD net outflows -$2.2b and the total ...

Bitcoin mining stocks faced a sea of red Monday as a sharp decline in cryptocurrency prices collided with analyst skepticism regarding the sector’s expensive transition to AI. Stock prices have dropped alongside bitcoin’s 10% correction over the last week despite a flurry of announcements regarding data center expansions. HIVE dropped 8.2% to $2.56 on Monday’s open. The miner recently announced plans to grow its Paraguay operations by 100 megawatts in 2026 and launched a new high-performance computing b ...

Group 1 - The article emphasizes the importance of understanding market dynamics beyond traditional metrics like P/E ratios, focusing on demand and supply as the core of market behavior [1] - It highlights the significance of predicting human behavior and market sentiment, suggesting that these factors often outweigh fundamental analysis in investment decisions [1] - The author advocates for a long-term investment strategy, indicating a preference for holding stocks for at least 10 years, which aligns with a macro and fundamental analysis approach [1] Group 2 - The author expresses a belief in the necessity of ingenuity and curiosity in investment analysis, suggesting that a willingness to go against prevailing trends can be beneficial [1] - The article is written from the perspective of an experienced investor based in Geneva, Switzerland, with a Master's Degree in Business, indicating a strong educational background in finance [1]

Core Insights - Metaplanet, Japan's largest Bitcoin treasury, acquired $451 million worth of Bitcoin from October to December, raising its total holdings to $3.78 billion [1] - The firm reported a revenue of $55 million from its Bitcoin income business, surpassing expectations [1] Group 1: Company Performance - Metaplanet's average purchase price for Bitcoin was $105,412 per coin, with a total of 35,102 Bitcoin held, valued at approximately $3.3 billion [5] - The company plans to acquire 210,000 Bitcoin, representing 1% of the total supply, by 2027 [3] Group 2: Market Trends - Digital asset treasuries are seeing a resurgence, with Metaplanet's share price increasing by 21% in five days, attributed to rising crypto prices, including Bitcoin surpassing $93,000 [2] - Other Japanese digital asset treasuries have also experienced significant share price increases, with Convano rising over 16%, Remixpoint by 11%, and Gumi by 6% [4] Group 3: Industry Sentiment - Despite the positive market movements, experts express concerns about the long-term viability of digital asset treasury business models [2][3]

Core Viewpoint - The article discusses the distinction between short-term market volatility and long-term infrastructure growth in the Bitcoin and data center sectors, emphasizing that leverage-driven sell-offs do not fundamentally change the investment thesis for Bitcoin and data centers [1]. Group 1: Market Dynamics - Short-term market pressures may lead to sell-offs, primarily driven by excessive leverage rather than genuine cash buying, which can create contagion effects [2]. - The volatility of Bitcoin has prompted several large miners, such as Bitfarms, MARA, and Hut 8, to pivot towards high-performance computing (HPC) centers as a more stable revenue-generating alternative [2]. Group 2: Production and Growth - Despite rising mining difficulty, Hive Digital Technologies has successfully scaled its Bitcoin production from three to ten Bitcoins per day, indicating a more than threefold increase in daily output [3]. - The company believes that Bitcoin mining and HPC are complementary, with both being essential for future growth [4]. Group 3: Strategic Vision - Hive Digital Technologies sees significant long-term potential in establishing power and data centers in Paraguay, which is viewed as a pro-America country with favorable policies for Bitcoin miners [4]. - Paraguay's ability to sell excess electricity to neighboring countries, including Argentina, which owes over $200 million in electricity debt, presents a stable income opportunity for the nation and benefits Bitcoin miners [5].

Group 1 - Hut8 has secured a $7 billion, 15-year deal with Fluidstack, backed by Google, to provide power for high-performance computing at a 245MW data center in Louisiana [1][4] - Following the announcement, Hut8's shares rose over 15% to $42.55, marking a nearly 13% increase in the last month and over 150% in the last six months [1] - The deal includes options for up to 15 years of renewal, potentially increasing the contract value to $17.7 billion [4] Group 2 - Hut8's CEO emphasized the importance of disciplined execution in securing the right transaction, highlighting a long-term focus on commercialization [2] - The partnership involves collaboration with various entities, including the State of Louisiana, Entergy, JPMorgan, Goldman Sachs, Vertiv, and Jacobs, to develop AI and high-performance computing infrastructure [3] - The construction of the new site is expected to create up to 265 jobs in Louisiana, with the first data hall projected to be completed by Q2 2027 [7] Group 3 - The trend of Bitcoin miners expanding into AI compute is evident, with other companies like Cipher Mining and TeraWulf also securing significant deals backed by Google [6] - Hut8's initiative reflects a broader industry movement where Bitcoin miners are diversifying their operations to include AI services alongside traditional mining [5][6]

TIM: THE S&P 500 CLOSING IN ON A RECORD EARLIER THIS MONTH. BITCOIN STRUGGLED TO FIND FOOTING. MERRILL HOLDINGS KNOWS ALL TOO WELL, DOWN 36% THIS YEAR.WITH MORE WE HAD TO PARIS. GOOD TO HAVE YOU ON THE PROGRAM. THE DECLINE IN ASSET PRICE THIS YEAR, $126,000 WAS A MAJOR HIGH EARLIER THIS YEAR, A BIG MOMENT FOR THE CRYPTOCURRENCY.DOWN MORE THAN 30%, HOW MUCH LOWER DOES BITCOIN GO. FRED: BITCOIN AT THIS LEVEL IS FINDING SUPPORT AT THE HUNDRED 84,000 RANGE. JUST ABOUT WHERE THE BREAKEVEN POINT IS ON MOST ETF PU ...

Why Analysts Are Split on Bitcoin Miner MARA's Prospects► https://t.co/mC0mU3Ejwk https://t.co/mC0mU3Ejwk ...