but more volatile than BTC itself, bitcoin mining stocks have been significantly up over the last three months. While Bitcoin flatlined at negative 1% for a 3-month performance, the Valkyrie Bitcoin Miners ETF is now attached to rapid growth. Year-to-date, CORZ stock is up 162%, triple the performance of Bitcoin. After the approved Chapter 11 restructuring plan, the mining company regained a Nasdaq listing this January.
However, the miner extended its 12-year AI contract by providing CoreWeave with 200MW worth of computing power for its high-performance compute operations. For this purpose, CoreWeave is utilizing Nvidia attracted investors’ attention as one of the first Bitcoin mining companies to tap into nuclear power. Specifically, its “Nautilus” site adjacent to Pennsylvania’s Susquehanna nuclear power plant.
Having mined 1,057 BTC, it represents an 8.9% year-over-year uptick. Finishing the quarter with a $28 million gross profit, up from $14.4 million the year prior, TeraWulf’s BTC stash was valued at $56.8 million.