Index Update
5-D Volatility: Bitcoin mining stocks mirrored Bitcoin鈥檚 price movements in a more volatile way. Here鈥檚 how they performed compared to other major stocks 馃憞
Major Company Updates
- Core Scientific secures strategic financing with Morgan Stanley for up to $1 billion (link)
- Cango Inc. announces February 2026 computing and energy operations update (link)
- DMG Blockchain Solutions announces 75 MW utility approval expanding Christina Lake data center power, February preliminary operational results (link)
- Sphere3D and Cathedra Bitcoin announce business combination (link)
- Independent proxy advisory firms, including ISS, recommend Bitfarms shareholders vote for U.S. redomiciliation (link)
- IREN expands AI cloud capacity to 150,000 GPUs (link)
- Applied Digital announces pricing of $2.15 billion of senior secured notes to fund Polaris Forge 2 campus (link)
- American Bitcoin expands mining capacity by an anticipated 12% in EH/s with 11,298 additional ASICs (link)
It鈥檚 the start of a new month, and so far seven companies have released their operational updates. you can view them here. One notable trend: amid softer Bitcoin prices, several miners sold portions of their BTC holdings. Cango, in particular, now reports 3,313 Bitcoin on its balance sheet, a reduction of about 55.67% MoM as it supports its strategic pivot (shareholder letter).
Platform update: you may notice we鈥檝e improved the site鈥檚 navigation and company profiles to provide a smoother user experience. At the same time, we鈥檙e continuing to enhance existing pages and add a dedicate page for hyperscaler deals. Development has been moving quickly as we work to better serve users like you. Explore the site for the latest updates.
As always, feel free to drop us a message for any suggestions, feedback, or just to say hi.
Thanks for being part of our journey - see you next week!
Cindy & the BMS Team 馃挏