The market cap of Bitcoin miners soared in September as firms in the space benefited from pivots to high-powered computing that feeds the burgeoning artificial intelligence sector, according to a report from JP Morgan.   Analysts at the banking giant highlighted the surge in a Wednesday report, noting that the combined value of the 14 top publicly traded miners it tracks passed $50 billion for the first time ever.  Top mining stocks this week have jumped in value with the price of the leading cryptocurrency ...

As filed with the Securities and Exchange Commission on October 1, 2025 Registration Number 333-282740 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Ronny Yakov Chief Executive Officer 1120 Avenue of the Americas, 4Floor New York, NY 10036 (212) 278-0900 (Name, Address, Including Zip ...

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 - V3 Holding Ltd sold 2 million shares of Cipher Mining Inc. at $12.39 each, retaining 65.85 million shares [1][6] - Cipher Mining's stock increased over 10%, driven by positive analyst ratings and a 3% rise in Bitcoin's value [2][6] Financial Performance - Cipher Mining has a negative price-to-earnings (P/E) ratio of -30.66, indicating a lack of profitability [3][6] - The price-to-sales ratio stands at 31.17, meaning investors are paying $31.17 for every dollar of sales [3][6] - The enterprise value to sales ratio is 31.97, reflecting the company's valuation relative to its revenue [3] - The enterprise value to operating cash flow ratio is -36.54, suggesting challenges in generating cash flow from operations [4] - The negative earnings yield is -3.26%, further emphasizing the company's unprofitability [4] Financial Stability - Cipher Mining has a low debt-to-equity ratio of 0.25, indicating a modest level of debt compared to its equity [4] - The current ratio is 4.18, suggesting strong short-term financial health and the ability to cover current liabilities with current assets [5]

We recently published 10 Stocks With 10-60% Upside. CleanSpark, Inc. (NASDAQ:CLSK) is one of the top performers on Monday. Shares of CleanSpark recovered by 14.74 percent on Monday to finish at $14.87 apiece, bolstered by strong optimism for the Bitcoin industry. CleanSpark, Inc. (NASDAQ:CLSK) rallied alongside its Bitcoin mining firms on Monday, namely MARA Holdings, Riot Platforms, and Galaxy Digital, after the latter’s chief executive said that he expects the price of Bitcoin to propel past the $200,0 ...

Core Viewpoint - Riot Platforms Inc. (NASDAQ:RIOT) has seen significant stock price increases due to optimism surrounding Bitcoin's potential to reach $200,000 and positive analyst ratings [1][2][3]. Group 1: Stock Performance - Riot Platforms' stock rose 11.81% to close at $19.78, marking a continuation of gains for a second consecutive day [1]. - The company rallied alongside peers such as CleanSpark, MARA Holdings, and Galaxy Digital, driven by bullish sentiments regarding Bitcoin [2]. Group 2: Analyst Ratings - Citigroup upgraded Riot Platforms' stock rating from "hold" to "buy" and increased its price target from $13.75 to $24, reflecting optimism in the high-performance computing (HPC) sector [4]. - JPMorgan also upgraded Riot Platforms to an "overweight" rating from "neutral" and raised its price target from $15 to $19 [5]. Group 3: Market Context - The positive outlook for Riot Platforms is linked to the company's transition towards HPC services, aiming to meet the growing demand from the AI market [4].

Group 1 - IREN Limited (NASDAQ:IREN) is recognized as one of the best stocks to invest in according to WallStreetBets, with a bullish rating maintained by Bernstein analyst Gautam Chhugani, who raised the price target to $75 from $20 [1][2] - The company's strategic advancements include developing its own AI cloud vertical and investing in capital expenditures, setting it apart from competitors that rely on co-location deals with AI Cloud partners [1] - Despite initial skepticism regarding its strategy execution due to increased capital requirements and competition, significant progress has been acknowledged, particularly in scaling Bitcoin mining operations and optimizing returns from its power portfolio [2]

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]

Market Overview - Several crypto-linked equities experienced significant rallies on September 26, with Bitcoin trading around an average price of 108,885.14 [1] - The broader market saw Bitcoin miners, blockchain infrastructure firms, and fintech players leading the gains [1] Mercury Fintech (NASDAQ: MFH) - Mercury Fintech Holdings surged 23.24% on September 26, closing at $18.19, resulting in a market cap of approximately $1.26 billion [1] - The stock traded between $14.76 and $19.23 during the session, with a volume of 523,256 shares, slightly below its average daily volume of 724,093 [2] - By September 29, the stock dipped 3% to $17.46 [2] Hyperscale Data (AMEX: GPUS) - Hyperscale Data rose 19.56% to $0.4578 on September 26, valuing the company at $33.48 million [3] - The firm is expanding its Bitcoin mining operations in Michigan, increasing processing power by 135% with Bitmain Antminer S21+ miners [3] - On September 29, GPUS traded at $0.525, reflecting an increase of more than 15% [3] Canaan Inc. (NASDAQ: CAN) - Canaan Inc. saw its stock climb 13.35% in early trading on September 29 to $0.90, up from a previous close of $0.7942 [4] - The stock opened at $0.84 and reached an intraday high of $0.94 before settling [4] - The company has a market capitalization of approximately $421.6 million, with a 52-week range of $0.68 to $2.04, indicating volatility [5] Bakkt Holdings, Inc. (NYSE: BKKT) - Bakkt Holdings experienced a stock price increase of 30.19% on September 29, rising from $19.05 to $23.39, with an intraday high of $23.50 [6] - The trading volume was 1.65 million shares, close to its typical daily volume of 1.81 million [6] - The stock has a 52-week high of $37.21 and a low of $6.81, contributing to its volatility [6] ETHZilla (NASDAQ: ETHZ) - ETHZilla's stock price increased 4.78% to $2.63 in early trading on September 29, with a market capitalization nearing $417.9 million [7] - The stock traded between $2.51 and $2.66, overcoming early weakness and finishing up 7.73% on the previous Friday [8] - The stock has a 52-week range of $0.66 to $17.75, indicating it remains extremely volatile and speculative [8]

Core Viewpoint - Riot Platforms has experienced a significant stock increase of 140% over the past year, driven by Bitcoin's rise to $110,000 and substantial infrastructure growth, leading to Bitcoin reserves exceeding $2 billion [2] Group 1: Market Capitalization and Stock Performance - Riot Platforms currently has a market capitalization of $6.5 billion and operates with a deployed hash rate of 36.4 EH/s, translating to a valuation of $179 million per EH/s, which is over 25% higher than MARA Holdings [2] - The company aims for a market cap of $13 billion, necessitating a 2x growth, which hinges on Bitcoin appreciation and hash rate expansion [3][4] Group 2: Growth Drivers - To achieve the target market cap, Bitcoin must appreciate to $160,000, representing a 45% increase, and the hash rate must expand to 65.7 EH/s by Q4 2026, indicating an 80% production rise from the current levels [4] - At a Bitcoin price of $160,000, Riot's treasury of 19,309 BTC would increase in value to $3.1 billion, contributing significantly to the target market cap [5] Group 3: AI Infrastructure and Operational Strategy - Riot's strategic pivot at the Corsicana facility involves repurposing 600 MW for AI/HPC data centers, which is expected to provide more reliable cash flows and higher-value revenue opportunities [6][7] - The facility's total capacity of 1 GW allows for flexibility in data center configurations to meet the growing demand for AI infrastructure [7] Group 4: Cost Efficiency and Operational Advantages - The company benefits from vertical integration via ESS Metron, achieving construction costs that are 15-20% below industry averages, alongside low electricity expenses of 2.6 cents per kWh [8] - Riot's dual-purpose infrastructure reduces reliance on Bitcoin price fluctuations while leveraging established operational expertise [8]