The total market cap of the fourteen U.S-listed bitcoin (BTC) miners that JPMorgan tracks exceeded $50 billion for the first time last month, the Wall Street bank said in a report Wednesday. The combined market cap of these mining stocks rose 43% month-on-month to $56 billion in September, the bank noted. The move was driven by a number of announcements, including Cipher Mining's (CIFR) HPC colocation deal with Fluidstack, and IREN's (IREN) expansion of its Cloud Services business, the report said. Th ...

Core Insights - Bitcoin miners' shares are outperforming Bitcoin itself, as evidenced by the CoinShares Valkyrie Bitcoin Miners ETF (WGMI) [1][2] - WGMI has seen a significant price increase from $31.64 on September 2 to over $42 by September 19, indicating a strong rally [2] - The growth of WGMI is attributed to fundamental factors beyond Bitcoin price expectations, including the miners' diverse revenue streams and technological advancements [3][5] Industry Developments - Bitcoin mining has achieved a historic milestone with the 14-day moving average hashrate surpassing 1 zetahash per second, marking a significant scale increase in the industry [5] - The mining difficulty is set to exceed 140 trillion, reflecting the ongoing industrialization of Bitcoin mining despite margin pressures [5] - The expansion of revenue streams in the cryptocurrency mining sector is becoming increasingly relevant for investors [5] Company Highlights - TeraWulf (WULF), a top holding in WGMI, is leveraging its technology for gains in AI, contributing to its stock performance this year [6] - Strategic partnerships, particularly with Fluidstack and Google, have bolstered TeraWulf's business model, providing stable revenue and enhancing credibility in the competitive landscape [7]

Company Valuation & Capacity - Fermi Energy IPO at $682.5 million market cap [1] - Fermi is building 11 GW power infrastructure in Texas [1] - Fermi is building 39x the capacity of Core Scientific [1] - Core Scientific operates 280 MW capacity at $3.1 billion valuation [1] - Fermi is trading at 22% of Core Scientific's price [1] Financial Highlights & Investment - Fermi to collect $150 million prepayment from first tenant on October 15 [1] - Vaneck is positioned in Fermi, considering it underpriced [1] Industry Perspective - Power infrastructure is getting Bitcoin mining multiples without mining Bitcoin [1]

KEY TAKEAWAYSBitcoin is the first decentralized cryptocurrency, launched in 2009 by Satoshi Nakamoto.Cryptocurrencies use cryptography and blockchain to secure, verify, and record transactions.Blockchain is a transparent, immutable ledger underpinning Bitcoin and other digital currencies.Mining validates transactions, secures the network, and issues new bitcoins.Bitcoin derives value from scarcity, utility, trust, and adoption, similar to gold.Risks include volatility, regulation, security breaches, and sca ...

Kentucky State Senator Sued Over Bitcoin Mining Business► https://t.co/X6XKAABJwe https://t.co/X6XKAABJwe ...

Core Insights - IREN Limited has significantly expanded its GPU fleet to 23,000 units, acquiring 12,400 GPUs for approximately $674 million, indicating strong market demand and growth potential [1][2] - The company has raised its annualized run-rate revenue target for its AI Cloud segment to over $500 million by the end of Q1 2026, up from a previous target of 10,900 GPUs by year-end [2] - Management anticipates that investments in GPUs will enhance long-term revenue and operational efficiency, particularly leveraging the Blackwell architecture for improved AI performance and energy efficiency [3] Company Overview - IREN Limited operates as a sustainable Bitcoin mining and AI infrastructure company, focusing on large-scale data centers powered by renewable energy, with key facilities located in Texas and British Columbia [4] - The company's primary offerings include mined Bitcoin and high-performance AI cloud services [4]

JUST IN: Reuters highlights Bitcoin mining as a way to prevent wasted renewables and grow clean energy. ⚡🌎🟧 https://t.co/EnzUJ6vP6F ...

New Record Global Bitcoin Mining Hashrate1,050,000,000,000,000,000,000x per second https://t.co/7Go3TJaxQK ...

ALBANY, N.Y. & SINGAPORE--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. ("Soluna†or the "Company†) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, and Canaan Inc. (Nasdaq: CAN) ("Canaan"), an innovator in crypto mining, today announced a strategic hosting agreement to deploy 20 megawatts (MW) of Avalon® A15 XP Bitcoin miners at Soluna's Project Dorothy in Briscoe County, Texas. This agreement marks a significant milestone for ...

According to Blockspace, ICE on Sept. 29 raided the Lonestar Dream bitcoin mining site in Pyote, Texas, targeting an ASIC repair center run by ADW Tech, an affiliate of Bitmain — the world’s largest bitcoin mining rig maker. The action is linked to a broader federal review of ASIC imports, as U.S. agencies probe whether Sophgo, a semiconductor firm tied to Bitmain CEO Micree Zhan, violated export controls. https://t.co/C1UQ1vlFYt ...