According to ChainCatcher news, as reported by Cryptoslate citing a VanEck report, Bitcoin mining companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC) businesses due to unstable transaction fee income.The report points out that while network congestion may lead to short-term fee increases, the rise of off-chain solutions such as exchange-traded funds (ETFs), futures markets, layer two networks, and centralized exchanges creates uncertainty for long-term on-chain revenue growth.It is reported that several mining companies, including Cipher Mining, Iris Energy, Riot Platforms, and HIVE Digital Technologies, have begun to lay out related businesses.VanEck expects that Bitcoin mining companies will allocate 20-30% of their power capacity for AI and HPC businesses in the future to diversify their revenue sources.

ChainCatcher news, according to CoinDesk, JPMorgan's tracking data shows that in February, the global hash rate share of U.S. listed Bitcoin mining companies reached 29%, nearly double that of a year ago.The report noted that the Bitcoin network hash rate increased by 6% this month. However, JPMorgan stated that the daily profitability of crypto mining has decreased by 13% compared to the end of January.

ChainCatcher news, Wall Street trading firm Jane Street and its subsidiaries have acquired a 6% stake in Bitcoin mining giant Iris Energy.The 13G filing submitted on Friday shows that as of December 31, Jane Street Group holds a total of 11,797,987 shares of Iris Energy, representing a 6% stake. Iris Energy mined 521 BTC in January, with an actual hash rate of 28.93 EH/s, accounting for 3.71% of the Bitcoin mining production market share.Additionally, its holdings in Strategy and Coinbase exceed 5%.

ChainCatcher news, according to decrypt, JPMorgan analysts wrote in a report on Tuesday that the market capitalization of publicly traded cryptocurrency companies tracked by JPMorgan (including Coinbase and Bitcoin mining companies like Marathon and Riot) grew by 14% in January, reaching $108 billion, while the cryptocurrency market itself had a market capitalization of about $3.2 trillion at the end of January, an increase of 8%.Analysts pointed out that as a crypto-friendly regulatory environment begins to take shape under Trump's administration, the market capitalization growth rate of publicly traded cryptocurrency companies is nearly double that of the overall cryptocurrency market.Additionally, the SEC's willingness to work with cryptocurrency companies may benefit Coinbase, as the SEC filed a lawsuit against Coinbase in 2023 for alleged violations of registration requirements. However, JPMorgan analyst Charles Pearce stated that the performance of publicly traded cryptocurrency companies may have been largely driven by hype surrounding artificial intelligence, "the narrative for Bitcoin mining companies partly revolves around their ability to transition to HPC data centers, and some stocks have benefited from this development, which is unrelated to the overall trend of the cryptocurrency market."

ChainCatcher news, the latest data from the encryption research institution HODL15Capital shows that as of February 8, 2025, publicly listed Bitcoin mining companies hold a total of over 95,000 BTC.Among them, Marathon Digital (MARA) holds the most BTC, with 45,659 coins, followed by Riot Platforms (RIOT) with 18,221 coins, CleanSpark (CLSK) with 10,556 coins, and Hut 8 (HUT) with 10,208 coins. Other major mining companies such as HIVE, FUFU, CANGO, and CANAAN hold less than 3,000 coins each.

ChainCatcher news, Nasdaq-listed cryptocurrency mining company Bit Digital, Inc. officially released its unaudited operational update report for January 2025, disclosing a mining output of 28.7 BTC in January, a decrease of 11.4% compared to the previous month. Additionally, by staking 21,568 ETH in the native staking protocol, it earned a staking reward of 65.8 ETH.As of January 31, the company held a total of 768.7 BTC and 27,689.6 ETH, with a fair market value of approximately $78.7 million and $91.3 million, respectively.

ChainCatcher news, Matrixport released today's chart stating that publicly listed Bitcoin mining companies will regularly disclose their production status and Bitcoin holdings to investors. Historical data shows that, except for the period before halving, these companies usually maintain low Bitcoin inventories. However, the performance after halving is completely different.Mining companies have not compensated for revenue losses due to declining production by selling Bitcoin, but instead have continued to increase their Bitcoin holdings. Currently, these companies hold a total of 92,473 Bitcoins on their balance sheets. This strategy makes them more like MicroStrategy, becoming representative institutions of Bitcoin assets.Although Bitcoin prices continue to rise, the stock performance of most mining companies has lagged relatively. However, some mining companies have stood out by diversifying into businesses such as investing in artificial intelligence data centers. This has not only provided them with additional sources of income but also reduced their dependence on Bitcoin production.

ChainCatcher news, bitcoinminingstock data shows that over 80% of listed Bitcoin mining companies have performed strongly at the start of 2025. The combined market capitalization of 31 listed Bitcoin mining companies is $44.16 billion, with 26 companies seeing their stock prices rise this year.So far this year, the highest stock price increase is Cathedra Bitcoin (TSXV: CBIT), which has risen by 25%. Among the top ten companies by market capitalization, Riot Platforms (NASDAQ: RIOT) ranks first with a stock price increase of 17.53%. Following closely is Hut 8 (NASDAQ: HUT), with a stock price increase of 14.2%. Meanwhile, companies like Galaxy, MARA, Northern Data, Cleanspark, and Iris Energy have seen stock price increases ranging from 6.49% to 12.01%.On the other hand, among the top ten Bitcoin mining companies by market capitalization this year, three have seen their stock prices decline, with decreases ranging from 0.07% to 14.62%. Core Scientific (NASDAQ: CORZ), ranked fourth by market capitalization, saw its stock price drop by only 0.07%. Terawulf (NASDAQ: WULF) fell by 4.59%, while Bitdeer (NASDAQ: BTDR) experienced the largest decline at 14.62%.At the same time, some mining companies are diversifying their business focus, exploring high-performance computing (HPC) and artificial intelligence (AI) hosting in addition to their BTC strategic reserves.According to data from theminermag.com, as of December 2024, publicly listed Bitcoin mining companies hold a record reserve of over 92,000 BTC.

ChainCatcher news, according to a report by Jefferies, U.S. listed Bitcoin mining companies accounted for 25.3% of the global hash rate in December 2024. The report noted that Bitcoin prices rose by 15% in December, outpacing the network hash rate growth of 6.5%, leading to improved mining profitability.In December, U.S. listed mining companies mined a total of 3,602 Bitcoins, up from 3,404 in November. Among them, MARA produced the highest output at 890 Bitcoins, followed by CleanSpark (CLSK) with 668 Bitcoins. MARA's installed hash rate is 53.2 EH/s, the largest in the industry, with CleanSpark closely following at 39.1 EH/s.

ChainCatcher message, according to a report released by NiceHash and Digital Mining Solutions on January 7, publicly listed Bitcoin mining companies are following in the footsteps of MicroStrategy by increasing their Bitcoin treasury holdings.The report states: "In 2024, there has been a significant shift among Bitcoin mining companies, with many choosing to retain more of their mined Bitcoin or not selling it at all."Mining companies may choose not to sell Bitcoin for various reasons, including expectations of further appreciation in BTC prices or strengthening their balance sheets, as well as for hedging against currency devaluation.The report mentions that MARA Holdings, Riot Platforms, and Hut 8 have used borrowed funds to increase their Bitcoin holdings, further expanding their treasury strategies. Four of the largest 16 Bitcoin-holding companies are mining firms.The report states that, in addition to their core mining operations, by 2024, some mining companies "will further diversify into high-performance computing and artificial intelligence to generate predictable revenue streams to buffer against mining volatility."This trend is particularly evident in the United States, where "the harsh mining economics and lucrative AI/HPC business are enticing them to diversify into other computing fields." In addition to increasing their BTC holdings, mining companies like CleanSpark have also chosen to retain most of the BTC produced in recent months. Several Bitcoin miners with a market capitalization of at least $100 million have generated significant revenue from AI and HPC initiatives. For example, in the first three quarters of 2024, HPC/AI revenue accounted for nearly 8% of Hut 8's revenue and nearly 7% of Hive Digital's revenue.

ChainCatcher news, according to the Financial Times, as competition for resources intensifies, U.S. Bitcoin miners are accumulating cryptocurrency funds to help them withstand tightening profit margins. Companies including Mara Holdings, Riot Platforms, and CleanSpark have raised over $3.7 billion from investors since last November, capitalizing on the surge in Bitcoin prices, and then using those funds to purchase Bitcoin. They typically raise funds through zero-interest (or near-zero-interest) convertible bonds.Core Scientific's Chief Development Officer Russell Cann stated, "It's not as simple as everyone being happy after the Bitcoin price goes up. There are still complex challenges regarding profitability and grid access." Miners' plans also include expanding artificial intelligence capabilities, marking a sharp turnaround in the industry's prospects. The industry has been struggling for the past eight months following the Bitcoin mining reward halving. Cann also mentioned, "The demand for artificial intelligence in the U.S. will greatly impact the scale of Bitcoin mining." He predicts that in the coming years, most of Bitcoin's computing power will come from outside the United States.

ChainCatcher news, according to investors, U.S. investment bank HC Wainwright stated this week that the total market value of Bitcoin mining companies is expected to exceed $10 billion.It is reported that the investment bank lists MARA, RIOT, and CLSK as "pure mining companies," and CORZ, BTDR, WULF, Hut 8, IREN, BTBT, and HIVE as "mixed mining companies."

ChainCatcher news, Bitcoin mining company Rhodium Enterprises co-CEO Nathan Nichols has resigned, and the company has completed the sale of its Temple, Texas facility for $40.6 million in cash.Rhodium announced in an email to investors last week that Nichols has decided to resign, effective after the New Year. Just weeks ago, Rhodium's creditors filed a lawsuit against him and other co-founders, accusing them of fraud.Rhodium also informed investors that the company had previously secured $15 million of a $30 million debtor-in-possession financing from Galaxy Digital. After completing the sale of the Temple facility on December 18, the company used $16 million of that to fully repay its debt to Galaxy, including fees and interest.

ChainCatcher news, according to Blockspace, the world's second-largest oilfield services company Halliburton has invested in Austin startup 360 Energy, entering the Bitcoin mining sector.360 Energy (also known as 360 Mining) has joined Halliburton Labs' "collaborative ecosystem" as part of its energy technology accelerator program. In addition, Halliburton Labs has also become an equity investor in the company. This collaboration aims to enhance off-grid mining capabilities and expand the application of 360 Energy's on-site computing technology.This Texas-based company specializes in converting stranded and flared natural gas into power for modular Bitcoin mining data centers. By utilizing otherwise wasted natural gas, 360 Energy provides oilfield owners with a revenue-generating solution while reducing environmental harm.

ChainCatcher news, CoinShares' latest research report shows that the average cash mining cost for publicly listed Bitcoin mining companies rose to $55,950 in the third quarter, an increase of 13% from $49,500 in the second quarter. When accounting for non-cash costs such as depreciation and equity incentives, the average mining cost will reach $106,000.The report points out that the rise in mining costs is mainly influenced by three factors: the AI boom has diverted expansion funds for mining companies; some mining companies are focusing on a holding strategy (HODL) rather than expanding their operations; and the increase in electricity costs during the summer in Texas has affected mining production. In terms of specific company performance, Marathon has become the mining company with the lowest cash costs, mainly benefiting from increased Bitcoin production and tax incentives; TeraWulf ranked third due to a significant 92% decrease in debt expenditures and a 20% reduction in costs; Riot, despite improvements in operational efficiency, has dropped to seventh place.

ChainCatcher news, according to a press release, the publicly listed Bitcoin mining company BTC Digital (NASDAQ: BTCT) announced that its underwritten public offering has successfully raised $20 million. The funds will be used for infrastructure and energy expansion, computing power expansion, and research and development of innovative mining machines.The company plans to build and expand multiple mining sites in North America, focusing on improving the efficiency of existing facilities. By utilizing green energy, it aims to reduce carbon emissions. The company expects its self-mining operations to reach a scale of 20 megawatts by mid-2025, providing stable support for self-mining and hosting services.

ChainCatcher news, JPMorgan upgrades the ratings of Bitcoin mining companies Cipher, CleanSpark, and MARA. JPMorgan raised the rating of Cipher Mining and CleanSpark from neutral to overweight, and upgraded MARA's rating from underweight to neutral. JPMorgan downgraded IREN's rating from overweight to neutral.JPMorgan also set a new target price of $8 for Cipher and raised its target price for CleanSpark from $10.50 to $17.JPMorgan stated that it is introducing a new sum-of-the-parts (SOTP) valuation framework for mining companies, which takes into account the company's mining operations, respective land and power portfolios, and their holding balances to reflect the Bitcoin that the company may hold on its balance sheet.

ChainCatcher news, Bitcoin mining company Arkon Energy's European AI cloud company Nscale has completed a $155 million financing round, led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management, and Florence Capital, which will drive its growth plans in Europe and North America.The company stated that it has expanded its greenfield data center capacity in Europe and North America from 300MW to 1.3GW, with plans to develop 120MW by 2025. Nscale announced that it will launch a public cloud service in the first quarter of 2025, allowing developers to access purpose-built inference and training solutions in a flexible development environment.

ChainCatcher news, since June of this year, seven publicly listed Bitcoin mining companies have raised a total of $5.2 billion through convertible bonds. Of this, 70% (i.e., $3.6 billion) was raised in the past four weeks.MARA and Core Scientific have raised over $2.4 billion through zero-coupon convertible bonds in recent weeks, with MARA alone raising $1.85 billion. The conversion prices for both companies are about 40% higher than the average stock price at the time of issuance.