Fred Thiel: The Michael Saylor of the Bitcoin Mining Industry
The CEO of MARA Holdings has gone all-in on bitcoin, adding billions of dollars worth of the world’s largest cryptocurrency to MARA’s balance sheet.
Bitcoin Miners
Bitcoin Mining Economics Improved in the First Half of November: JPMorgan
The total market cap of the miners the bank tracks grew 33% since the end October, the report said.
Bitcoin Mining Opportunity Is Worth About $74B, JPMorgan Says
The Wall Street bank updated its models and price targets for the miners to account for second quarter results and changes in the price of bitcoin and the network hashrate.
U.S.-Listed Bitcoin Miners Have the Upper Hand Over Unlisted Peers: Bernstein
The ability to raise debt or equity in the world’s deepest capital markets is a major advantage, the report said.
Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
The broker upgraded the bitcoin miner’s shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.
Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins
As bitcoin’s volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted.
U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said.
Crypto and Artificial Intelligence Could be a $20 Trillion Megatrend, Bitwise Says
The two industries could add a collective $20 trillion to global GDP by 2030, the report said.
Bitcoin Mining Stocks Soar Amid Takeover Frenzy
The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts.