BITCOIN MINERS APPROACH $40B MARKET CAP AS DIFFICULTY SET FOR FIFTH STRAIGHT INCREASE

Summary from the TLDR Crypto newsletter

Publicly traded bitcoin miners are nearing a $40 billion market cap, doubling in seven months as Bitcoin approaches six figures, despite halved rewards and rising mining difficulty. To adapt, companies are diversifying into AI and computing services or expanding bitcoin holdings, like Marathon's 703 BTC purchase via a $1 billion note, while sector ETFs trail Bitcoin's 113% YTD growth.