BITCOIN MINERS - One Liners Marathon declined further after insider sales, earnings misses, and skepticism around its mining economics despite joint venture announcements. Riot’s weak earnings record and mounting losses drove its underperformance, even as its large Bitcoin holdings provided some valuation support. Bitfarms’ pivot toward AI infrastructure raised execution concerns while financial losses and short interest intensified volatility. Bitdeer sold off after delaying next-gen chip production, raising questions around timelines for its AI and HPC expansion. Cipher Mining’s AI datacenter pivot gained validation through the Fluidstack deal and Google backing, but higher leverage raised balance sheet concerns. CleanSpark’s stock slid on fears of dilution from its convertible issuance, partially offset by a new buyback program announcement. HIVE stood out as a relative outperformer as record revenue and GPU expansion supported its transition into AI infrastructure. Hut 8 faced pressure from asset sales and dilution concerns despite strategic shifts toward AI and high-performance computing. Iren’s sell-off reflected investor anxiety over debt and execution risk in its aggressive AI infrastructure investments. TeraWulf’s stock moved on insider transactions and analyst optimism, supported by improving revenues and infrastructure developments. Core Scientific gained credibility through its AI hosting revenue growth and new institutional ownership, though concerns remain over customer concentration. Follow, and join our distribution list for more: https://t.co/Q9GHvDyTyq