Group 1: Bitcoin Mining Stocks Performance - Bitcoin mining stocks have shown significant gains this year, with IREN Ltd. leading at +328.41%, followed by Cipher Mining Inc. at +242.89%, Riot Platforms Inc. at +33.89%, and CleanSpark Inc. at +24.97% [1] Group 2: IREN Ltd. - IREN has transitioned from Bitcoin mining to high-performance data centers for AI and GPU cloud services, positively impacting its share price [1] - The company secured a $9.7 billion GPU cloud contract with Microsoft, which includes a 20% prepayment and a commitment to purchase $5.8 billion in NVIDIA GPUs [2] - The consensus price target for IREN is $55.73, with a high estimate of $136 from Cantor Fitzgerald [2] - IREN's Momentum score is 98.39/100, indicating strong performance [3] Group 3: Cipher Mining Inc. - Cipher Mining's stock surged approximately 380% in the last six months due to a shift from Bitcoin mining to AI infrastructure [4] - Key contracts include a 15-year agreement with Amazon Web Services for 300 MW of electricity, valued at around $5.5 billion, and a $3 billion, 10-year colocation deal with Fluidstack [4] - The stock has a consensus "Buy" rating and a price target of $21.61, with a high of $34 from Clear Street [5] - Cipher Mining also has a very high Momentum score [5] Group 4: Riot Platforms Inc. - Riot Platforms recorded healthy gains, supported by Bitcoin's all-time highs and increased mining output [6] - The company plans to repurpose its power infrastructure for data centers and high-performance computing [6] - Riot is the seventh-largest corporate holder of Bitcoin, with a stash valued at $1.72 billion [6] Group 5: CleanSpark Inc. - CleanSpark reported $766 million in fiscal year revenue, more than doubling from the previous year, driven by increased Bitcoin mining and operational hashrate [9] - The company has $43 million in cash and $1.2 billion in Bitcoin as of September 30 [9] - CleanSpark has a consensus "Buy" rating with a price target of $23.69, indicating a potential upside of 108.83% [10] - The company's strongest category in Benzinga's Edge Rankings is Growth, scoring 99.76/100 [10]

RT CoinDesk Podcast Network (@CoinDeskPodcast)NEW @blockspace pod: Our TOP Stories from 2025, in partnership with @blockspace!⚡ ICE Raids Bitcoin Mine⚡ Operation Chokepoint 2.0⚡ $8 billion giga whale conspiracy👇🇨🇦⤵️ 🍕 https://t.co/tYEsHWCheg ...

For long, Bitcoin (BTC) mining companies have tricked their clients with uptime metrics that look at whether a machine is running on power on not instead of checking whether a machine is actually hashing. Abundant Mines captured the opportunity and introduced a feature in December 2024 that went on to disrupt how the Bitcoin mining industry defines performance. Called Hashrate Redirect™, the features replaces a client's lost hashrate with hash from Abundant Mines' operational fleet so that the client doe ...

Core Viewpoint - Greenridge Capital initiated coverage on Cango Inc. with a Buy rating and a $4.00 price target, highlighting the company's undervaluation and overlooked potential in Bitcoin mining and high-performance computing [1] Group 1: Company Position and Assets - Cango holds a market-leading position in Bitcoin mining, owning mining equipment that ranks it among the largest global miners [2] - The company possesses over $600 million in Bitcoin and has recently acquired its first infrastructure facility, along with two ongoing energy generation projects [2] - Cango has sufficient cash and equity resources to pursue further strategic expansion [2] Group 2: Future Expectations and Valuation - Greenridge Capital anticipates that management will provide additional details on expansion initiatives in the coming months, which could act as a catalyst for a valuation re-rating [3] - The $4.00 price target is based on a 7x EV-to-adjusted EBITDA multiple applied to a 2026 adjusted EBITDA estimate of $335.4 million and a 15x price-to-earnings multiple applied to a projected 2026 diluted EPS of $0.34, both of which are below industry peer multiples [3]

Bitcoin Mining Now Uses More Energy Than Global Copper Production Says University of Cambridge https://t.co/pc2ODDYrjf ...

America’s first nuclear powered bitcoin computer mine is operated by Terawulf, and is plugged into the 2.5 gigawatt Susquehanna power plant in Pennsylvaniahttps://t.co/jkJeuqgD5p ...

Group 1 - Aurelius Capital Management initiated a new position in Bitfarms, acquiring 6.7 million shares valued at $19 million, making it the fund's largest reported U.S. equity holding for the quarter [2][3] - The new position represents 34.4% of Aurelius Capital's 13F assets under management [3] - Bitfarms shares have increased by 39% over the past year, significantly outperforming the S&P 500, which rose by 16.5% in the same period [3] Group 2 - Bitfarms has a market capitalization of $1.5 billion, with a revenue of $276.4 million and a net income of -$128.2 million for the trailing twelve months [4] - The company generated $69 million in revenue from continuing operations in the third quarter, reflecting a 156% year-over-year increase, and reported an adjusted EBITDA of $20 million, or 28% of revenue [10] - Bitfarms operates cryptocurrency mining farms and generates revenue from validating transactions on the Bitcoin Blockchain, supplemented by hosting third-party mining hardware and providing electrical services [8][10] Group 3 - The company is focusing on transitioning from pure mining to digital infrastructure, which includes converting its Washington site for high-performance computing and advancing multiple North American projects for next-generation GPUs [10] - Bitfarms has strengthened its balance sheet with a $588 million convertible note offering and reported total liquidity of about $814 million as of mid-November [10] - The strategy emphasizes that scale, power access, and balance sheet flexibility will be more critical than short-term volatility in the cryptocurrency mining sector [9]

In bitcoin mining news this week, market volatility shook the industry as authorities in China resumed scrutiny of Bitcoin mining operations in Xinjiang, potentially shaking out gigawatts worth of bitcoin mining in the region. While hashrate faces pressure abroad, North American infrastructure continues to pivot toward AI, headlined by a massive hosting deal from Hut 8 (Nasdaq: HUT) and ongoing project developments for Core Scientific (Nasdaq: CORZ). Meanwhile, market economics remain strained with hashp ...

🚨 FACT: There are only 1,035,659.4 $BTC left to mine. https://t.co/OPU1FddXo9 ...

🔥 TODAY: A solo miner who rented less than $100 in hashpower on NiceHash has successfully mined Bitcoin block 928351, earning a 3.152 $BTC reward worth ~$271K. https://t.co/4PpoSvFoPe ...