Wall Street traders spotlighted picks across crypto mining, auto retail, and aviation on CNBC’s latest market roundup. On CNBC's “Halftime Report Final Trades,” Bryn Talkington, managing partner of Requisite Capital Management, named Bitmine Immersion Technologies, Inc. (NYSE:BMNR) as her final trade.Supporting her view, B. Riley Securities analyst Fedor Shabalin, on Oct. 16, initiated coverage on BitMine Immersion Techs with a Buy rating and announced a price target of $90.Jason Snipe, founder and chief in ...

Core Insights - The primary beneficiaries of the recent cryptocurrency resurgence are not Bitcoin holders but the miners, with mining firms' shares outperforming Bitcoin itself [1][4] - A fund tracking listed mining companies has increased over 150% year-to-date, indicating a shift in investor perception towards miners as tech infrastructure firms rather than just Bitcoin producers [4][5] Industry Trends - The mining sector has historically been affected by Bitcoin's price volatility, but recent trends show a pivot towards hybrid models that incorporate artificial intelligence (AI) and high-performance computing (HPC) [2][4] - The current market environment has led to a significant increase in the share prices of companies like Cipher Mining Inc. and IREN Ltd., which have risen approximately 300% and 500% respectively this year as they transition from traditional Bitcoin mining to AI infrastructure [5] Financial Developments - Cipher Mining Inc. has entered a 10-year, approximately $3 billion colocation agreement with Fluidstack, which includes $1.4 billion in lease obligations and warrants for a 5.4% stake, highlighting the convergence of crypto mining and AI computing [5] - IREN has successfully closed a $1 billion convertible notes offering, while TeraWulf Inc. announced plans to issue $3.2 billion in senior secured notes to expand its Lake Mariner data center in New York [6]

Core Insights - Cipher Mining's stock has increased by 10.3% as of October 16, with a notable weekly gain of 24.7%, despite Bitcoin's decline of 7.2% during the same period [1][2] - The company's stock has surged by 282% over the last two months, driven by a strong mining report and a significant contract unrelated to crypto-mining [2][4] - Cipher signed a 10-year agreement with Fluidstack, an AI system-training specialist backed by Google, which has contributed to the stock's rise [3] Business Strategy - Cipher is diversifying its operations by adding AI-training services alongside its Bitcoin mining activities, creating multiple revenue streams [4] - The company resells excess power when it is more profitable than its AI and Bitcoin operations, showcasing a flexible business model [4] - Despite the growth in operations, Cipher's stock is considered expensive at 43 times trailing sales, and the company remains unprofitable, selling about 16% of its mined Bitcoin to cover expenses [5]

Accessibility StatementSkip Navigation Strong operational execution and strategic initiatives reinforce Canaan's long-term growth outlook SINGAPORE, Oct. 16, 2025 /PRNewswire/ --Â Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has received a written compliance notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated October 15, 2025, notifying the Company that it has regained compliance ...

Photo by BeInCrypto Crypto mining firm Bitdeer Technologies' stock surged nearly 30% on Wednesday to an all-time high of $27, extending a two-day rally fueled by stronger mining output and ambitious AI data‑center plans. The rally coincided with Bitcoin’s steady hold near $110,000, signaling resilience after recent gains and boosting confidence across the mining sector. The combined market capitalization of listed miners has now exceeded $90 billion — more than double the level recorded in August. Mining ...

Core Insights - Bitdeer Technologies (NASDAQ: BTDR) experienced a significant share price increase of nearly 29% following a positive operational update, outperforming the S&P 500 index's 0.4% gain [1] Company Performance - Bitdeer reported mining 452 Bitcoin in September, a notable increase from 375 Bitcoin mined in August, indicating a strong operational performance [3] - The company has commenced mass production of its new product line, Sealminer 3, which includes four models, with initial deliveries expected this month [4] Industry Context - The crypto mining sector is currently benefiting from rising prices of digital currencies like Bitcoin and expanding into data center operations, creating favorable conditions for companies like Bitdeer [5]

(Reuters) -Core Scientific's board urged its shareholders on Wednesday to vote for the crypto miner's proposed sale to CoreWeave as the company expects a number of benefits from the deal. CoreWeave announced its intention to buy Core Scientific in an all-stock deal valued at about $9 billion in July, valuing it at $20.40 per share. However, the proposed deal faces opposition from Two Seas Capital, the crypto miner's biggest shareholder. Two Seas Capital, which owns roughly 6.3% of Core Scientific, said i ...

Core Viewpoint - Bit Deer shares have surged to an all-time high following an analyst upgrade, reflecting strong market interest and potential growth in the crypto mining and high-performance computing sectors [1][2]. Company Performance - Bit Deer has seen a 40% increase in share price this week and over 250% since its low in April [1]. - The company reported a 20% sequential increase in total coins mined from August to September [4]. - Analysts have set aggressive price targets, with Fitzgerald raising its target to $50 and Roth Capital maintaining a $40 target [1][2]. Financial Projections - Bit Deer is expected to incur an adjusted loss of $0.54 this year but is projected to achieve an adjusted profit of $0.96 next year, with sales anticipated to double from $575 million to $1.2 billion [5][10]. - The company is focusing on retiring outdated GPUs and enhancing economic yield through high-performance computing and AI initiatives [4][5]. Industry Trends - The narrative in the industry is shifting towards the integration of crypto mining with high-performance computing, with Bit Deer positioned similarly to competitors like Applied Digital [5][8]. - The overall market is experiencing a "risk-on" sentiment, with significant developments in data center technology and AI, benefiting companies like Bit Deer [8][11].

Bitcoin (BTC) mining firm Bitdeer Technologies (BTDR) jumped as much as 30% on Wednesday after announcing new steps to fast-track its expansion into high-performance computing (HPC) and artificial intelligence (AI) infrastructure. The Singapore-based company said it will directly manage development of its own AI data centers rather than rely on outside partners, starting with its facility in Clarington, Ohio. Bitdeer said the local utility confirmed that all 570 megawatts (MW) of electrical capacity will ...

Kevin O'Leary, the Canadian businessman and media personality well-known for his appearance on the TV show "Shark Tank," can't talk enough of Bitzero Blockchain Inc., the crypto mining company backed by him. As reported earlier, the Vancouver-headquartered crypto mining firm secured $25 million in funding in July to expand its operations. Related: What is Bitcoin mining? Explained Crypto mining is the process of solving complex cryptographic functions using high-end computing power to verify and add blocks ...