tl;dr
Bitcoin miners, particularly those listed in the U.S., saw a strong rally in the first two weeks of the month. JPMorgan reported that U.S.-listed bitcoin miners' share of the global hashrate reached a record 26.6%, with every miner except Stronghold Digital outperforming bitcoin during this period. ...
Bitcoin miners, especially those listed in the U.S., experienced a robust rally in the first half of the month. JPMorgan highlighted that U.S.-listed bitcoin miners achieved a record 26.6% share of the global hashrate, with all but one miner outperforming bitcoin during this period. The total market cap of the 14 U.S.-listed bitcoin miners tracked by the bank surged by 29% since the end of June, reaching an all-time high. The report suggests growing interest in artificial intelligence and high-performance computing as potential, more profitable applications for bitcoin mining sites. Although the network hashrate increased by 1% since June, it remains approximately 60 exahashes per second below pre-halving levels. Cipher Mining led the gains, with a 44% increase, and recent AI deals were identified as pivotal catalysts for the sector. This surge in bitcoin miners' performance aligns with positive sentiments expressed by brokerage firm Bernstein regarding the AI/HPC opportunity. Recent AI deals, including Core Scientific's 12-year agreement with CoreWeave and Coatue Management's $150 million investment in HUT 8, have been instrumental in driving the sector's growth. The report underscores the potential lucrative prospects in the evolving landscape of bitcoin mining. It's important to note that CoinDesk, the source of this information, operates independently with an editorial committee safeguarding journalistic integrity. This article encapsulates the thriving dynamics within the bitcoin mining sector, offering insights into the shifting paradigms and opportunities that are reshaping the industry.
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Banco De Chile Stock Analysis Banco De Chile Stock Analysis Summary
Banco De Chile, also known as Banco de Chile, is a leading provider of banking and financial products and services in Chile. The company is headquartered in Santiago, Chile.
Key Details
Sector: Finance
Industry: Commercial Banks
Stock Ticker: NEC
Market Cap: 12,206,409,000
Current Stock Price: $7.88
Previous Close: $8.08
EPS: $3.06
Volume: 5,711.6
Dividend Yield: 0.487%
Market Cap (in USD): $2,884,828,922,000
P/E Ratio: 24.32
Day Change: $0.12
Day Change (%): 1.18%
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Riot Blockchain Inc, Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.
Industry: LIFE SCIENCES
Sector: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Employees: 3315251000
Price: $27.33
Dividend: None
P/E Ratio: 0.42
EPS: 1.448
Beta: 0.501
Market Cap: 286738000
52-Week High: $17.91
52-Week Low: $6.36
Volatility: 0.083
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Bitfarms Ltd - Technical Analysis Summary
Bitfarms Ltd operates in the technology sector, specifically in services related to computer programming, data processing, etc.
Key Financial Figures:
Market Cap: $1,144,436,000
Dividend Yield: Not Applicable
P/E Ratio: -0.4
EPS: 0.577
ROE: -0.638
Volume: 166,633,000
Current Price: $3.94
52-Week High: $0
52-Week Low: $0.674
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CleanSpark Inc,CleanSpark, Inc. provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah.
Industry: REAL ESTATE & CONSTRUCTION
Sector: BLANK CHECKS
Market Cap: 4,338,645,000
Stock Price: 146.46
Dividend Yield: None
P/E Ratio: 0.13
EPS: 1.74
ROE: 0.224
Volume: 283,628,000
Beta: 26.6
Short Ratio: 0
Inst. Ownership: 1.628
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Stronghold Digital Mining Inc Summary
Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. The company is headquartered in New York, New York.
Sector: Technology
Industry: Services-Computer Processing & Data Preparation
Market Cap: 54455000
Dividend Yield: None
EPS: -0.59
P/E Ratio: 9.24
ROI: -0.445
Volume: 85222000
Stock Price: 6.83
Bullish/Bearish: 0
Support Level: 0.594
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Stock Market Analysis: Cipher Mining Inc.
Cipher Mining Inc. is a bitcoin mining company headquartered in Houston, Texas. The company's stock details are as follows:
Sector: Real Estate & Construction
Industry: Blank Checks
Market Cap: 1.853 billion
Stock Price: $119.6
Dividend Yield: None
P/E Ratio: 0.05
EPS: 0.579
ROE: 0.122
Volume: 153,084,000
50-Day Moving Average: $6.58
200-Day Moving Average: $0
RSI: 1.199
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Core Scientific Inc. Common Stock Summary
Core Scientific, Inc. provides blockchain and artificial intelligence (AI) infrastructure services in the United States. The company is headquartered in Austin, Texas.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROCESSING & DATA PREPARATION
Market Cap: 542,047,000
Dividend Yield: None
Beta (3Y Monthly): None
PE Ratio (TTM): None
EPS (TTM): 1.323
Profit Margin: -0.491
Volume: 502,400,000
Stock Price: 6.75
52 Week Range: 0.171
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Technical Analysis: Hut 8 Corp. Common Stock
Industry: Finance
Sector: Finance Services
Market Cap: 1.8 billion
EPS: -0.78
PE Ratio: 2.499
Current Ratio: 1.564
Volume: 157,304,000
50-Day Moving Average: 18.82
200-Day Moving Average: 5.56
Relative Strength Index (RSI): 2.307