Institutions increased positions in Bitcoin miners during first 9 months of 2025, with $IREN, $APLD, $CIFR, and $RIOT leading gains in holder numbers and capital flows.
In 2025, $IREN, $APLD, and $CIFR led the Bitcoin mining sector, each delivering >200% 1-year returns. But the bigger story sits beneath the leaderboard: the market clearly favored certain types of companies over the past year.
With miners redirecting power to AI datacenters, what does it mean for Bitcoin? Nico Smid & Hayden Otto unpack hashrate trends, hybrid mining models, stranded energy plays, and why the AI pivot may make Bitcoin mining more decentralized than ever.
$WULF targets 250-500 MW of new HPC signings each year, and still plans to mine Bitcoin through at least the end of 2026.
SLNH has an over 1 GW pipeline, on par with BITF, but a market cap just a fraction of the size. With an up to $100M credit facility for data center buildout, could Soluna be a baby IREN in the making?
BITF has taken off and the momentum isn’t fading. Is there a development the market’s quietly pricing in? Or is it time to re-rate the stock altogether?
Institutions increased positions in Bitcoin miners during H1 2025, with IREN, CIFR, CORZ, APLD, and MARA leading gains in holder numbers and capital flows.
Applied Digital's $11B HPC deal puts it in the same league as Core Scientific and TeraWulf. But is the market sleeping on it?
WhiteFiber, Bit Digital’s (BTBT) HPC/AI subsidiary, just launched its IPO under WYFI. I dug into the filings to break down key details and what it means for both companies.
CoreWeave’s (CRWV) $9B all-stock deal to acquire Core Scientific sent CORZ shares tumbling. Why did investors reject the merger? Here's what you need to know.
DeepSeek triggered a broad selloff in US tech stocks. Nearly $600 billion was wiped off NVDA’s market cap overnight. With HPC/AI and Bitcoin mining becoming more interconnected than ever, should investors in hybrid Bitcoin mining stocks be concerned?
Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks?
