Mining hardware preorders drop, imports decline, and AI shakes things up
Top five companies constitute nearly 50% of the fund's allocation
Bitcoin mining stocks common $35 billion in market cap as of Friday
Hashrate guidance for 2025 reduced to 38.4 EH/s
Holdings have more than doubled in 2024
Direct cost of production amounted to nearly $60k in Q3
These companies collectively account for nearly 35% of global production
Realized hashrate declined to 15.44 EH/s in December
Rowan Digital Infrastructure won the bid
At least according to these data estimates
Bitmain found an S19XP bagholder?
From January to November, Hut 8 mined 1,413 BTC and liquidated 1,486 BTC