Core Viewpoint - IREN Limited (NASDAQ:IREN) is recognized as a significant player in the Bitcoin and blockchain sector, with recent analyst ratings reflecting mixed outlooks on its stock price and performance [1][2]. Financial Performance - B. Riley increased its price target for IREN from $74 to $83 while maintaining a Buy rating, despite reporting an adjusted EBITDA of $75.3 million for Q2, which was below expectations [3]. - Cantor Fitzgerald retained an Overweight rating but reduced its price target from $136 to $82, citing a shift from Bitcoin mining to AI computation amid declining hash rates and Bitcoin prices, which has negatively impacted revenue and EBITDA [5]. - Macquarie analyst Paul Golding lowered his price target from $95 to $70 while keeping an Outperform rating [4]. Company Operations - IREN Limited operates as a vertically integrated data center company, utilizing renewable energy to support Bitcoin, AI, and other applications, strategically located in areas rich in renewable resources and fiber connectivity across the U.S. and Canada [6]. - The company has expanded its capacity by adding 1.6 gigawatts through the Sweetwater 1 and 2 projects in Texas and a new campus in Oklahoma, with a goal of achieving $3.4 billion in annualized run-rate revenue by the end of 2026 [3]. Market Position - IREN is listed among the best Bitcoin stocks, indicating its relevance in the cryptocurrency market [2]. - Despite its potential, some analysts suggest that other AI stocks may offer better upside potential with less risk [7].

Block, Inc. (NYSE:XYZ) is among the 11 Best Bitcoin and Blockchain Stocks to Invest in. Is Block, Inc. (XYZ) among the Best Bitcoin and Blockchain Stocks to Invest in? Block, Inc. (NYSE:XYZ) is among the Best Bitcoin Stocks.   On February 4, 2026, Block, Inc. (NYSE:XYZ) said it is broadening its OpenIP project to include Bitkey, its bitcoin self-custody hardware wallet, and Proto, the company’s bitcoin mining hardware and services brand. This extension supports the company's open innovation strategy for ...

Group 1 - Coinbase Global, Inc. reported fourth-quarter adjusted profits per share of $0.66, which was below the consensus estimate of $0.86, and sales of $1.78 billion, falling short of the projected $1.83 billion [3][7] - Management indicated that 2025 was a financially and operationally successful year, with the company meeting or exceeding quarterly sales and spending expectations, while also growing and diversifying its activities [3] - The company introduced the Everything Exchange and sustained multi-year profitability, with management stating that greater regulatory clarity could help it prosper as cryptocurrency transforms financial services [3] Group 2 - For the first quarter, Coinbase forecasted subscription and services revenue between $550 million and $630 million, reflecting lower average USDC market capitalization, interest rates, cryptocurrency prices, and staking protocol rates compared to Q4 [4] - Technology and development expenses, as well as general and administrative costs, are expected to be between $925 million and $975 million, remaining consistent quarter after quarter [4] - Sales and marketing expenses are projected to range between $215 million and $315 million, depending on marketing potential and average USDC balances retained in products [4] Group 3 - Coinbase provides a reliable platform that acts as a legal gateway to the on-chain economy, allowing users to perform various tasks with their cryptocurrency assets through both third-party and proprietary product experiences [5]

Core Insights - Riot Platforms, Inc. (NASDAQ:RIOT) is recognized as one of the best Bitcoin and blockchain stocks to invest in [1][2] Group 1: Analyst Ratings and Price Targets - Cantor Fitzgerald maintained an Overweight rating for Riot Platforms and increased its price target from $25 to $31, citing the company's land acquisition at Rockdale and a data center lease with AMD [3] - Keefe Bruyette reiterated its Outperform rating and raised its price target from $16 to $23, highlighting the long-term income visibility from the 10-year AMD lease, which secures approximately 21% of Rockdale's total capacity [4] Group 2: Financial Transactions and Performance - Riot Platforms purchased 200 acres at its Rockdale site for $96 million, funded by the sale of about 1,080 bitcoin [5] - The company secured a data center lease with AMD for an initial deployment of 25 MW starting in January 2026 [5] - As of February 11, 2026, the stock has increased by 4.52% year-to-date [5] Group 3: Business Overview - Riot Platforms is primarily engaged in bitcoin mining and provides specialized machines for cryptocurrency mining [5] - The company has made investments in Tess, Coinsquare, and Verady [5]

Financial Data and Key Metrics Changes - The company reported a record revenue of $93 million for the quarter, with a gross operating margin of $32 million, despite a net loss of $91 million primarily due to non-cash charges [44][45] - Adjusted EBITDA for the quarter was $5.7 million, with an annualized revenue run rate of $385 million [45] - The company ended the quarter with 481 Bitcoin in treasury, having mined 879 Bitcoin during the period [45] Business Line Data and Key Metrics Changes - The Bitcoin mining segment achieved approximately 10 Bitcoin mined per day, contributing to an annualized revenue of $350 million [51][60] - The HPC (High-Performance Computing) business reported a significant increase, with a target of $35 million ARR by the end of the current quarter, up from $20 million [48][49] - The Buzz cloud segment generated $5 million in revenue for the quarter, on track to reach a target of $20 million ARR [48] Market Data and Key Metrics Changes - The company operates with 440 MW of capacity globally, with an additional 100 MW expected to come online [46][61] - The company has seen a 70% increase in HPC ARR, driven by new contracts and market demand [48][49] Company Strategy and Development Direction - The company is focused on a conservative growth strategy, avoiding excessive debt while expanding its GPU cloud revenue to $140 million annually [27][28] - The company aims to build out Tier-I and Tier-III data centers in Paraguay, positioning itself as a major player in the region [34][60] - The strategy includes a dynamic HODL approach to Bitcoin management, allowing the company to realize value from its Bitcoin holdings without cash calls [52][63] Management's Comments on Operating Environment and Future Outlook - Management highlighted the volatility in the crypto market, referencing significant events that impacted Bitcoin prices and the overall ecosystem [3][10] - The company remains optimistic about future growth, particularly in the HPC and GPU cloud sectors, citing strong market demand and strategic partnerships [34][49] - Management emphasized the importance of geographic diversification, noting that operations in Paraguay benefited from favorable conditions during colder months in Canada [46] Other Important Information - The company has secured a two-year contract for NVIDIA GPUs, which will enhance its HPC capabilities and revenue potential [48][49] - The company is actively managing its energy consumption and operational efficiency, with a focus on reducing costs per terahash [63] Q&A Session Summary Question: What is the outlook for the company's growth in the HPC sector? - Management indicated a strong growth trajectory, with expectations to reach $225 million ARR in the HPC business by the end of the year, driven by new contracts and market demand [48][49] Question: How does the company manage its Bitcoin holdings? - The company employs a dynamic HODL strategy, allowing it to realize value from Bitcoin without cash obligations, effectively managing risk in a volatile market [52][63]

Core Viewpoint - IREN Limited (NASDAQ:IREN) is recognized as one of the top meme stocks to invest in, with a Buy rating and a price target of $70 from Canaccord Genuity analyst Joseph Vafi [1][7]. Financial Performance and Projections - Following the Q2 earnings call, IREN plans to deliver approximately 140,000 graphics processing units (GPUs) by the end of 2026, which is expected to lead to an annualized run-rate revenue of $3.4 billion [2]. - The company has recently acquired a new 1.6 GW data center in Oklahoma, increasing its total secured power capacity to over 4.5 GW [2]. Analyst Ratings and Market Sentiment - Cantor Fitzgerald has reduced its price target for IREN from $136 to $82, attributing this to a sequential decline in revenue and adjusted EBITDA due to falling Bitcoin prices and operating hash rate, while maintaining an Overweight rating [3]. - Based on recommendations from 12 analysts, IREN is rated as a Moderate Buy, with an average share price upside of 99.35% as of February 12 [4]. Company Operations - IREN Limited operates data centers that support Bitcoin and artificial intelligence applications, utilizing renewable energy sources [4].

Core Viewpoint - Fold Holdings, Inc. is set to hold its 2026 annual meeting of shareholders on May 19, 2026, at 12:00 p.m. Eastern Time, which will be conducted virtually [1]. Group 1 - The record date for determining shareholders entitled to notice and to vote at the annual meeting is March 24, 2026, at the close of business [2]. - Fold is the first publicly traded bitcoin financial services company, facilitating the earning, saving, and spending of bitcoin for individuals and businesses [3]. - The company is focused on integrating bitcoin into everyday financial experiences through innovative products like the Fold App, Fold Bitcoin Gift Card™, and Fold Debit Card™ [3].

Core Viewpoint - Hyperscale Data, an AI data center company, has announced an "at-the-market" offering of its 13% Series D Cumulative Redeemable Perpetual Preferred Stock, aiming to raise approximately $35.4 million for various strategic purposes, including Bitcoin acquisition and working capital [1]. Group 1: Offering Details - The offering will be conducted through Wilson-Davis & Co., Inc. as the sales agent, allowing sales at market prices [1]. - The company plans to use the majority of the net proceeds to acquire Bitcoin and potentially precious metals, with a smaller portion allocated for working capital and corporate purposes [1]. - The shares are being offered under a shelf registration statement that became effective on December 11, 2025 [1]. Group 2: Company Operations - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on mining digital assets and providing colocation and hosting services for AI ecosystems [1]. - The company is also involved in acquiring undervalued businesses and disruptive technologies through its other subsidiary, Ault Capital Group, Inc. [1]. - A divestiture of ACG is expected in the fourth quarter of 2026, after which Hyperscale Data will focus on data center operations and digital asset holdings [1]. Group 3: Financial Information - The company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders on an as-converted basis on December 23, 2024 [1]. - The divestiture will involve the exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG [1].

Company Overview - Bitfarms Ltd. (NASDAQ:BITF) is a vertically integrated Bitcoin mining company based in Canada, operating server farms with computers specifically designed to validate transactions on the Bitcoin Blockchain [4]. Strategic Developments - On February 6, Bitfarms Ltd. announced that its Board of Directors approved a plan to redomicile from Canada to the United States, pending shareholder, stock exchange, and court approvals [1]. - This arrangement is the result of a comprehensive strategic review process conducted by the Board over the past 12 months, focusing on capital market trends and investor sentiment to enhance long-term shareholder value [2]. Market Performance and Analyst Insights - On January 26, Bitfarms Ltd. was downgraded to Market Perform from Outperform by Keefe Bruyette, which raised the price target to $3 from $2.50. The firm expressed that it does not expect a leasing agreement for the company until the second half of 2026 and raised concerns about the company's increasing leverage and capital expenditures [3].

CleanSpark Inc. (NASDAQ:CLSK) is one of the 13 High-Risk High-Reward Growth Stocks to Invest In. On February 9, Clear Street trimmed its target price on CleanSpark by 18.5% to $22 (from $27) but retained its Buy recommendation on the stock. The firm likes CLSK fundamentally, citing positive trends in high-performance compute demand. However, the recent slide in Bitcoin prices offset this positive sentiment. This target price update comes right after CleanSpark released its Q1-FY2026 financial results on ...