Bitcoin Mining
Riot Platforms Gets Double Upgrade on AI Pivot as JPMorgan, Citi Hike Targets
Alongside, JPMorgan downgraded IREN and CleanSpark

Bitcoin Miner IREN Has 80% Potential Upside Thanks to Big Bet on AI Cloud: Bernstein
The broker hiked its IREN price target to $75 from $20 while reiterating its outperform rating on the stock.

CleanSpark Shares Rise After Getting $100M Bitcoin-Backed Credit From Coinbase Prime
The credit facility allows CleanSpark to leverage its bitcoin holdings to fund expansion without selling the asset.

Bitcoin Mining Profitability Fell in August, Jefferies Says
U.S.-listed mining companies accounted for 26% of the Bitcoin network last month, unchanged from July, the report said.

Bitcoin Miners Surge Following Microsoft’s $17.4B AI Bet
The big gains for players like Bitfarms, Hut 8 and Cipher Mining came despite lame price action for bitcoin.

Adam Back Joins Fight for the Soul of Bitcoin Over 'JPEG Spam'
The Blockstream CEO says image inscriptions undermine Bitcoin’s role as money and offer miners only a negligible profit in return.

Trump-Linked American Bitcoin Stock Falls Below IPO Price After 15% Plunge
The bitcoin miner, 80% owned by Hut 8 and 20% by Trump family members, saw its stock slide below its $6.90 IPO price just one day after listing on Nasdaq.

Trump-Linked American Bitcoin Soars 60%, Targets $2.1B Share Sale After Nasdaq Debut
The company began trading Wednesday under the ticker “ABTC” after completing its merger with Gryphon Digital Mining.

Bitcoin Network Hashrate Returned to All-Time Highs in August: JPMorgan
The combined market cap of the 13 U.S.-listed bitcoin miners the bank tracks reached a record high last month.

Businesses Are Absorbing Bitcoin at 4x the Rate It Is Mined, According to River’s Research
River’s new flow map suggests companies absorb around 1,755 BTC per day versus approximately 450 mined, with funds and ETFs adding more demand.
