U.S. markets fell last week, with the S&P 500, Nasdaq, and Dow down between 1.3% and 2.5%. Tech stocks took the biggest hit — Nvidia dropped 8.5% on new export restrictions. Trade tensions and mixed economic data added to the volatility, while overall market sentiment remained in the “fear” zone. With that in mind, let’s shift our focus to the Bitcoin mining sector and see how it’s been shaping up.
Index Updates
5-D Volatility: Mining Index -2.79% 🆚 Bitcoin 3.98%; Here’s how they performed 👇👇
Major Company Updates
- CleanSpark expands capital strategy with $200M bitcoin-backed credit facility from Coinbase Prime; shifts to self-funded operations (link)
- Soluna signs land agreements for 166 MW Project Kati (link)
- IREN capacity increased to 40 EH/s; expansion to 50 EH/s on track for H1 2025 (link)
- Soluna to expand renewable-powered AI and bitcoin computing with new 100MW site (link)
While the stock markets have been a bit overwhelming lately, I’ve been using the time to recharge — catching up on some great reads and enjoying moments with family. Those simple things brought a surprising amount of peace and clarity. Soon I’ll share some thoughts on a few of the books I just finished.
The world may feel like it’s shifting, and uncertainty is part of that, but I believe wisdom and love are timeless guides. Even in changing times, there’s so much to appreciate — if you find a quiet moment, I hope it brings you something meaningful too.
That’s all for last week! Hope you enjoyed your Easter long weekend. 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 💜