Bitcoin may have sold off today, but bitcoin mining stocks that are pivoting to AI enjoyed a strong rally alongside tech stocks. Tech in general bounced back from a selloff yesterday that was spurred by market jitters over workforce disruptions from AI, with the Nasdaq and S&P 500 respectively gaining 1% and 0.8%. In the realm of bitcoin mining stocks, companies leaning into AI saw the greatest rebound. Attesting to the cohort-wide rise, Hashrate Index’s Bitcoin Mining Stock Index – an industry benchmar ...

Core Viewpoint - Cango (CANG) is strategically pivoting from Bitcoin mining to providing compute power for the AI industry, having sold 4,451 BTC for approximately $305 million to fund this transition [1][2]. Group 1: Financial Moves - The proceeds from the Bitcoin sale were entirely used to repay a portion of a Bitcoin-collateralized loan [1]. - Cango's CEO indicated plans to selectively sell newly mined Bitcoin to support the expansion of its AI initiatives and manage liquidity more effectively [4]. Group 2: Leadership Changes - Cango appointed Jack Jin, formerly of Zoom, as its new CTO to assist in developing its AI business line [2]. Group 3: Mining Operations - Unlike other Bitcoin miners like Bitfarms, Cango intends to continue its mining operations while expanding its AI compute business [3]. - The company operates over 40 mining sites across four geographic regions and mined nearly 500 BTC in January, while also selling 550 BTC worth about $39 million during the same month [3]. Group 4: Market Performance - Following the news of the Bitcoin sale and strategic shift, Cango's shares fell nearly 3%, trading below $0.95, and have decreased approximately 38% over the past month [2].

Bitfarms shares surge 18% after unveiling plans to rebrand as Keel Infrastructure, move from Canada to US, and pivot from $BTC mining to AI data centers. https://t.co/TYmneK53Ut ...

Group 1 - The core viewpoint of the article indicates that cryptocurrency-related stocks in the U.S. market are experiencing a decline in pre-market trading, with notable drops in major companies [2] Group 2 - Coinbase shares fell by 1.5% in pre-market trading [2] - Bitfarms shares decreased by 2.5% [2] - Strategy saw a decline of 2.6% [2]

Core Viewpoint - Symbotic Inc. is set to report quarterly earnings on February 4, 2026, with expectations of significant growth in earnings and revenue compared to the previous year [1][5] Financial Performance - Analysts predict earnings per share to increase by 366.7% to $0.08 [1][5] - Revenue is projected to rise by 27.9% to approximately $622.6 million [1][5] - The company anticipates revenues between $610 million and $630 million, supported by a substantial backlog valued at $22.5 billion [2] Stock Performance - Symbotic's stock has surged by 101% over the past year, outperforming the Zacks Technology Services industry and competitors like Bitfarms [3][5] - Despite the annual surge, the stock has declined over 33% in the past three months due to concerns over high costs and valuation issues [2][3] Financial Ratios - The price-to-sales ratio stands at 14.55, indicating investors are willing to pay $14.55 for every dollar of sales [4] - The debt-to-equity ratio is low at 0.14, suggesting conservative use of debt [4] - The current ratio of 1.08 indicates modest liquidity [4] Risks - The company's heavy reliance on Walmart poses a potential risk to future performance if the partnership encounters challenges [3]

Core Viewpoint - The recent significant decline in cryptocurrency prices, particularly Bitcoin and Ethereum, raises questions about the narrative of Bitcoin as "digital gold" and highlights the increasing risks associated with high leverage and lack of regulation in the crypto market [2][3][4]. Market Performance - Bitcoin's price dropped to a low of $81,000, with a maximum decline of over 7% within 24 hours, while Ethereum fell from $2,970 to $2,670, marking a 10% drop [2][3]. - The total liquidation amount in the past 24 hours exceeded $1.7 billion, affecting over 270,000 traders globally [4]. Influencing Factors - The decline in cryptocurrency prices is attributed to tightening liquidity, increasing regulatory scrutiny, institutional exits, and panic among investors [3][4]. - Geopolitical uncertainties, particularly statements from Iranian officials regarding U.S. actions, have contributed to market volatility [4]. Investment Trends - Major investors are reallocating their portfolios, with Jefferies' Christopher Wood removing Bitcoin from his long-term investment strategy, reallocating half to physical gold and the other half to gold mining stocks [5]. - Bitcoin ETFs have seen significant net outflows, exceeding $2 billion, while traditional stock ETFs are experiencing record inflows [6]. Mining and Network Performance - Bitcoin's network has seen a decline in hash rate, dropping over 15% from its historical peak, leading to many miners facing shutdown conditions due to high operational costs [6]. - The average daily block reward income for Bitcoin miners is projected to reach a historical low of $38,700 per EH/s by December 2025 [6]. Comparison with Gold - The price of gold has reached historical highs, contrasting sharply with Bitcoin's performance, which has retreated approximately 33% from its previous highs [7]. - The divergence in performance between Bitcoin and gold reflects their differing roles as assets, with gold serving as a stable reserve asset and Bitcoin being more speculative and influenced by market sentiment [8].

Market Overview - The global financial markets experienced significant volatility, with gold and silver prices dropping sharply after reaching historical highs, with maximum intraday declines of over 5% and 8% respectively [1][9][10] - The U.S. stock market also faced turbulence, with the Nasdaq index plunging 2.6% at one point before closing down 0.72% [2][11] Cryptocurrency Market - The cryptocurrency market saw a major sell-off, with Bitcoin dropping over 5% to below $85,000, while Ethereum and other altcoins experienced declines exceeding 6% [3][6] - Cryptocurrency-related stocks also suffered, with Strategy stock falling over 9% and Coinbase Global down more than 4% [5] Gold and Silver Market - Gold prices experienced a sharp decline, falling from a peak of $5,600 per ounce to $5,105.83, marking a maximum drop of 5.7% before rebounding [9] - Silver prices also fell from a historical high of $121.67 per ounce to $106.80, with a maximum intraday decline of 8.5% [9] Investor Sentiment - There is a growing skepticism regarding Bitcoin's status as a macro hedge, as it has underperformed compared to gold and silver despite rising geopolitical tensions [6][7] - Recent data indicates that Bitcoin holders have entered a loss realization phase for the first time in 2023, suggesting a decline in investor confidence [6] Corporate Earnings Impact - Microsoft shares plummeted nearly 12% during trading after reporting a slowdown in cloud business growth, impacting the software sector significantly [11][12] - Other tech stocks reacted variably, with Meta seeing a 10.4% increase after announcing substantial capital expenditure plans, while other companies like ServiceNow and SAP faced declines [12][13]

Group 1 - The stock price of RIOT platform company decreased by 5.8% [1] - The stock price of Bit Digital company fell by 2.5% [1] - The stock price of MARA Holdings company dropped by 5.4% [1] Group 2 - Coinbase Global's stock price declined by 4.7% [1] - Bitfarms' stock price decreased by 5.3% [1] - Strategy's stock price fell by 6.4% [1] Group 3 - ProShares Bitcoin Strategy ETF dropped by 4.2% [1] - Grayscale Bitcoin Trust decreased by 4.2% [1]

Core Viewpoint - Bitcoin has fallen below $91,000, experiencing a daily decline of over 2% [1] Group 1: Cryptocurrency Market Impact - Cryptocurrency-related stocks have collectively declined, with Bit Origin dropping nearly 33% and hitting a trading halt [1] - MARA Holdings and Bitfarms both fell by over 9% [1] - Strategy saw a decline of over 8%, while Bit Digital and Riot Platforms dropped nearly 7% [1] - Canaan Creative (嘉楠科技) experienced a decline of over 6% [1] - TeraWulf and Circle both fell by over 4% [1]

Core Viewpoint - Bitcoin has reached a new high not seen in over three weeks, leading to a rise in cryptocurrency-related stocks in pre-market trading [1] Company Performance - Coinbase shares increased by 3.8% [1] - Bitfarms shares rose by 4.2% [1] - Strategy shares saw a 3.7% increase [1]