Macro Settings
Leaning Tight: Inflation rose to 3.7% and market volatility jumped, and with the Fed still raising rates and investor borrowing climbing, conditions lean further toward restrictive for high-beta names.
Market Performance
It was a mixed week for the sector: 72 of the names we track fell versus 14 that rose (median -3.1%). GPUS (8.43%), WULF (6.45%) and CHRN (5.04%) led top gains. Bitcoin mining Index lost 11.2% over the last 5 days.
Major Company Updates
- Cipher Digital announces pricing of private offering of $850.0 million of 0.00% convertible senior notes due 2032 and concurrent exchange of convertible senior notes due 2030 (link)
- AEP advances innovative energy solution for Google with 702MW of Bloom fuel cells (link)
- ChronoScale reports fiscal first quarter 2027 results (link)
- Bitdeer AI expands Malaysia campus with new 60MW A103 facility, closing in on up-to-350MW global capacity target (link)
- Strategy acquires 250 BTC and repurchases $192 million of STRC (link)
- Strive announces pricing of upsized initial public offering of SATS stock (link)
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 Ziven Team 馃挏