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鈥檚 take a close look.
Index Update
5-D Volatility: Mining Index -6.55% 馃啔 Bitcoin 0.004 %; Here鈥檚 how they performed 馃憞馃憞
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鈥檚 still pretty uninteresting鈥攂ut like I mentioned in the last edition, we鈥檝e been brewing something juicy. And now it鈥檚 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鈥檙e part of the ecosystem, you can now quickly find businesses that matter to you.
Check it out鈥攁nd help grow the space by adding businesses you know!
That鈥檚 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 馃挏