
Index Update

5-D Volatility: Bitcoin mining stocks didn't fully mirror Bitcoin’s price movements. Here’s how they performed compared to other major stocks 👇

Major Company Updates
- MARA announces strategic partnership with Starwood to accelerate delivery of cutting edge hyperscale, enterprise and AI capable digital infrastructure (link)
- TeraWulf announces WULF Compute lender construction update call (link)
- Bitfarms announces filing and mailing of materials for special meeting of shareholders to approve U.S. redomiciliation plan (link)
- Canaan Inc. acquires Cipher Mining's interest in multiple operational mining projects totaling ~4.4 EH/s in West Texas (link)
Earnings season is still underway. The easiest way to stay on top of key takeaways is to scan management highlights first, then dive into the full transcript for deeper context. For example, in last week’s call, MARA reiterated that Bitcoin remains a core pillar, while emphasizing a strategy focused on maximizing long-term value from every megawatt of power it controls. Visit the Earnings page to explore updates from your favorite stocks.

As always, feel free to drop us a message for any suggestions, feedback, or just to say hi.
Thanks for being part of our journey - see you next week!
Cindy & the BMS Team 💜