Hut 8 starts construction of a 63 MW Bitcoin mining facility in Texas, expected to add 3.6 EH/s by Q2 2024. The company will use its BTC reserves to fund the project, achieving over 40% cost reduction compared to local benchmarks.
Institutional investors increased holdings in Bitcoin miners during H1 2025, with IREN, CIFR, CORZ, APLD, and MARA leading in holder count and capital inflows. AI/HPC narratives remain the biggest draw, while miners without AI exposure face outflows.
Fresh 13F-based data shows institutions kept adding exposure to Bitcoin miners in H1 2025, with IREN, CORZ, APLD, CIFR, and MARA standing out as top recipients of new holders and capital inflows, driven largely by AI/HPC narratives.
In H1 2025, institutions significantly increased holdings in Bitcoin mining stocks, with IREN, CORZ, APLD gaining over 40 new holders each. AI/HPC plays dominate, while MARA remains the top non-HPC bet.
Institutional investors boosted holdings in Bitcoin mining stocks in H1 2025, with AI/HPC-exposed firms like IREN, CORZ, and APLD leading gains. MARA remains a top pick for pure Bitcoin beta.
Major listed miners sold over 32,000 BTC in Q1 2026, exceeding the record set during the 2022 Terra collapse. Hashprice remains near all-time lows at ~$30/PH/s, forcing some miners to liquidate while others with low-cost power or capital discipline accumulate aggressively.
According to bitcointreasuries.org, 13 public companies hold a combined 598,237 BTC (2.85% of total supply). Grayscale leads with 449,596 BTC, followed by Microstrategy (38,250 BTC), Square (4,709 BTC), and CoinShares (69,730 BTC). Institutional adoption accelerates.
While Bitcoin dropped 12% YTD in 2026, top public miners surged 25-73%. Terawulf leads with a 73.58% gain after securing $12.8 billion in HPC contracts, transforming from miners to AI data center operators.
