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Crypto Stock News

Bitcoin miners, crypto exchanges, and blockchain stock analysis. Coverage of COIN, MARA, RIOT, MSTR, and crypto-adjacent equities.

By Basis Report editorial deskReviewed by Basis Report methodology teamMethodology
RIOTAnalysis

Riot Platforms CEO Sells $4.4M as Stock Hits 52-Week High

Riot Platforms shares climbed to a 52-week high above $25.93 on a reported nuclear-powered AI data center deal with Terrestrial Energy, while CEO Jason Les sold $4.41 million in stock near that peak with zero insider buying in the trailing 90 days. Back-to-back earnings beats support the re-rating thesis, but a $10.2 billion market cap on thin revenue growth and a CEO cashing out at the top leaves the bull case exposed.

CLSKAnalysis

CleanSpark Flags $200M Bitcoin Loss as Stock Slides

CleanSpark reported a -$1.32 EPS miss against a $0.205 consensus estimate, driven by a $378 million mark-to-market loss on its $925 million bitcoin treasury, while trailing revenue fell 24.9% year-over-year. Conflicting signals — a 27% analyst price target premium and a 10.6 million share institutional buy alongside deeply negative free cash flow and shrinking revenue — support a neutral stance at low confidence.

WULFAnalysis

TeraWulf Q1 Miss: HPC Tops Mining for First Time

TeraWulf's Q1 2026 earnings delivered a structural first, with HPC and AI revenue surpassing bitcoin mining for the first time, against a $126.6 million loss on an earnings miss. With the CEO having sold nearly $4.5 million in open-market stock days before the announcement, zero insider purchases in 90 days, and a rapid sequence of equity raises in mid-April, the company's AI pivot looks structurally credible but financially stretched.

CIFRAnalysis

Cipher Digital Is Burning $1.5 Billion in Cash While Betting Everything on an HPC Pivot

Cipher Digital is layering new debt and lease obligations onto a balance sheet burning $1.5 billion in free cash flow, while an insider sold $604,125 in shares days after the company announced a hyperscale data center lease. The Street's $27.1 consensus target implies 111% upside, but the most recent earnings miss, peer distress at MARA, and the sheer cost of the mining-to-HPC bridge suggest far more execution risk than bulls are pricing in.

BMNRAnalysis

Bitmine Has $10.7 Billion in Crypto But Only Makes $7 Million in Revenue

Bitmine Immersion Technologies holds $10.7B in Ethereum treasury assets against just $7M in trailing revenue and -$10M free cash flow, making the operating business a rounding error on its own balance sheet. The stock should be valued as a closed-end Ethereum fund trading at a premium or discount to NAV, not on a forward PE multiple that swings from +$16.01 to -$0.19 per share based entirely on crypto price moves.

SSRMAnalysis

SSR Mining $1.5B Copler Exit Exposes 20% Retained Liability Street Ignored

SSR Mining retained a 20% interest in Çöpler despite selling 80% to politically connected Cengiz Group, leaving an unquantified environmental and legal contingency on the pro-forma balance sheet. The $1.5B gross proceeds figure the street is anchoring on does not account for SSRM's ongoing share of remediation costs, regulatory exposure, and partner risk in a Turkish jurisdiction that has already demonstrated its posture toward the company.