Whale Factor
Whale Factor|May 03, 2026 05:36
🐋 WHALE WATCH: Reports for May 2026 indicate that all of the top 10 publicly traded BTC mining stocks have maintained positive year to date (YTD) performance. This trend persists despite Bitcoin itself being down approximately 20% YTD. YTD Performance Highlights => Top Performer: TeraWulf Inc. leads the group with gains of approximately 85%. => Hut 8 Corp. follows with a significant increase of roughly 67%. => Riot Platforms Inc. has risen approximately 46%. => Other Notable Gains: Core Scientific is up about 40% and Applied Digital has climbed roughly 37%. => Weakest Link: Bitdeer Technologies Group shows the lowest return among the top ten rising around 5%. Sector Drivers: The strength in mining stocks is largely attributed to leading companies expanding into High Performance Computing (HPC) and Artificial Intelligence (AI) sectors. => TeraWulf has secured over $12.8 billion in HPC contract revenue through major deals with providers like Google backed Fluidstack. => Riot Platforms reported that its data center business contributed $33.2 million in Q1 2026, helping to offset declines in core mining revenue. => Core Scientific is planning to transform a Texas site into a massive AI focused data center campus with up to 1.5 gigawatts of capacity. => HIVE Digital Technologies reported a 219% year over year increase in quarterly revenue in February 2026 supported by its AI and HPC expansion.(Whale Factor)
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