BBX News: Yesterday, amidst the flurry of Q3 2026 earnings reports and forward-looking data releases in global capital markets, the vastly different strategic choices made by crypto-related stocks at this macroeconomic high point were revealed. In the arena of computing power and energy, oligopolies are crushing their competitors with absolute production capacity advantages; while in the broader field of technological infrastructure, the traditional Bitcoin treasury is being ruthlessly dismantled, transformed into fiat currency fuel for laying artificial intelligence infrastructure.
—Hashrate Soars: Bitdeer (NASDAQ: $BTDR) mined 3,855 Bitcoins in Q3 against the trend (a year-on-year surge of 248%) thanks to its massive hashrate of 82.3 EH/s, and its EBITDA soared by 173%.
—Clearance Sale and Turnaround: Hyperscale Data (NASDAQ: $GPUS) cleared out its last 211 Bitcoins, cashing out a total of $74.4 million, completely exiting its Bitcoin reserves, and fully investing in its Michigan AI data center.
—Agreement-based interest: SOL Strategies reaped over two million US dollars in transaction fee profits in a single quarter thanks to the surge in traffic to its exchange protocol HoudiniSwap.
The market is showing a clear dual evolution trend: "leading mining companies are using their capital advantages and extremely high computing power to achieve counter-trend expansion during the halving cycle" and "small and medium-sized financial entities are resolutely divesting digital assets at high levels to complete strategic capital injections into heavy-asset AI data centers".
Source: bbx.com
