The U.S. stock market took a hit last week, with major indexes closing notably lower. The S&P 500 slipped 1.5% to end at 5,581, while the NASDAQ led the downturn, falling 2.6% to 17,323. So how did the Bitcoin mining sector hold up amid the broader market slide? Let’s take a close look.
Index Update
5-D Volatility: Mining Index -6.55% 🆚 Bitcoin 0.004 %; Here’s how they performed 👇👇
Major Company Updates
- Canaan unveils Avalon Q at Mining Disrupt 2025: a professional-grade quiet Bitcoin mining solution for home use (link)
- Soluna and Luxor announce turnkey mining success with BitMine (link)
- Mawson Infrastructure Group Inc. executes new customer agreement with Canaan Inc., growing and expanding digital colocation business with latest-gen ASICs (link)
- Bitfarms appoints James Bond as senior vice president of high-performance computing (link)
- Cango Inc. announces extension of deadline to close share-settled crypto mining assets acquisitions (link)
- Argo Blockchain enters into term sheets for convertible loan and to acquire GEM Mining LLC assets (link)
- Cathedra Bitcoin announces favorable debt restructuring, retiring C$5.7m of convertible debt at a discount and cancelling 10.9m warrants (link)
The stock market’s still pretty uninteresting—but like I mentioned in the last edition, we’ve been brewing something juicy. And now it’s time to reveal it: the Directory page is live as of last Thursday!
What is it? Think of it like Google Maps, but built specifically for the Bitcoin mining industry. If you’re part of the ecosystem, you can now quickly find businesses that matter to you.
Check it out—and help grow the space by adding businesses you know!
That’s all for last week! Feel free to drop us a message if you have any suggestions, feedback, or just want to say hi.
Thanks for being part of our journey-see you next week!
Cindy & the BMS Team 💜