ABTC News & Events

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.CRYPTO EARNINGS:On Wednesday, Circle Internetreported, which compared to analyst estimates of an EPS of 25c on revenue of $744.95M. The company also reported USDC in circulation grew 72% year-over-year to $75.3B. "The fourth quarter marked another step forward in Circle's mission to build the infrastructure for an open, programmable internet financial system," said Jeremy Allaire, CEO. "USDC adoption continued to expand globally as more enterprises, developers, and public institutions integrated digital dollars into real-world payments, treasury, and onchain financial workflows. We saw strong engagement across our platform, meaningful progress toward launching Arc mainnet, continued growth in CPN TPV, and growing momentum for EURC and USYC. With increasing collaboration across traditional finance, fintech, and the public sector, Circle is helping build the infrastructure for a more open and resilient global financial system."Following the report, Wells Fargo lowered the firm's price target on Circle to $111 from $128 and kept an Overweight rating on the shares. Amid tempered expectations and recent underperformance in shares, Circle's underlying Q4 results were solid, driving shares up, the firm noted. Q4 top-line beat was better-than-expected, while 2026 guide is in line, Wells added.Canaccord lowered the firm's price target on Circle to $160 from $247 and kept a Buy rating on the shares. The firm updated its model following Q4 results as the company continues to build an impressive competitive moat. The firm is encouraged by resiliency in USDC in circulation. While crypto spot prices have retrenched materially since last October, USDC in circulation is flat/slightly up over that time period, underscoring both share creation/gains versus M2 and other stablecoins, while at the same time demonstrating that USDC growth is increasingly being driven by broader blockchain development versus the price of bitcoin, the firm said.Meanwhile, Mizuho raised the firm's price target on Circle to $90 from $77 and kept a Neutral rating on the shares. The company reported solid Q4 results, marked by better than expected revenue and profits, the analyst said. The firm updated Circle's model to reflect the "strong" Q4 report and 2026 outlook.Additionally on Wednesday, Hut 8reportedwhich compared to analyst estimates of $95.56M. Asher Genoot, CEO, said, "Over the past two years, we have rebuilt Hut 8 around a power-first strategy centered on high-velocity origination, disciplined greenfield development, first-principles infrastructure design, and capital-efficient execution. In 2025, this work translated into tangible growth and commercial progress across our platform."Following the report, Northland raised the firm's price target on Hut 8 to $70 from $58 and kept an Outperform rating on the shares, citing the firm's revised sum-of-the-parts valuation of 445 MW of HPC, ownership of American Bitcoin, the company's bitcoin treasury holdings and liqudity, and its development pipeline.Meanwhile, Canaccord raised the firm's price target on Hut 8 to $70 from $62 and kept a Buy rating on the shares. The firm said favorable lease terms on its recent River Bend co-location deal are only accruing more value to the broader power infrastructure portfolio. At a macro level, demand for AI data center power continues to grow, based on increasingly favorable lease terms on recent deal announcements.On Thursday, American Bitcoin reportedwhich compared to revenue of $64.2M in the previous quarter. Eric Trump, CSO, said, "We launched American Bitcoin in March 2025 with a clear mandate to accumulate Bitcoin at scale. Six months later, we were trading on the Nasdaq. By year-end, we held 5,401 Bitcoin on the balance sheet, and that figure has since grown to more than 6,000 Bitcoin. That kind of progress does not happen by accident. It reflects decisive execution and a team operating with conviction. Our model combines scaled mining production with at-the-market purchases for rapid accumulation of our strategic reserve."MORE CRYPTO EARNINGS:On Wednesday, DMG Blockchain Solutionsreportedwhich compared to a loss per share of (C$0.02) on a revenue of C$11.6M last year. The company reported 69 bitcoin mined in the quarter, down from 97 bitcoin mined in 1Q25. DMG's CEO, Sheldon Bennett, commented, "In Q1 2026, we continued to execute on our two strategic pillars: our Core data center operations and our Core+ Digital Asset Financial Services. We are highly focused on converting our Christina Lake facility into an AI data center capable of providing at least 50 megawatts of critical IT load to fill an industry gap in available capacity. Simultaneously, we are building out our Digital Asset Financial Services, with Systemic Trust serving as the cornerstone for future revenue growth. We are actively pursuing AI off-takers and potential government partnerships, as we believe these strategic initiatives will deliver lasting value to our shareholders."H.C. Wainwright downgraded DMG Blockchain to Neutral from Buy without a price target. While the company's Q1 results show sales resilience due to a one-time recognized energy incentive of $1.5M, the company's underlying mining economics are under pressure, the analyst said. The firm now sees an unattractive risk/reward for DMG shares.On Thursday, Mara Holdingsreportedwhich compared to analyst estimates of a loss per share of ($1.17) on revenue of $251.3M. As of December 31, the company held a total of 53,822 bitcoin. Additionally on Thursday, MARA announced it had entered into a strategic agreement with Starwood Capital Group and their dedicated data center development platform Starwood Digital Ventures. The partnership will enable the conversion and expansion of select MARA sites into next generation digital infrastructure capable of meeting the growing demand from enterprise, hyperscale and AI customers. Together, MARA and Starwood will jointly develop, finance, and operate digital infrastructure projects across MARA's existing, power-rich portfolio. CEO Fred Thiel said, "MARA has evolved far beyond the asset-light, hosted model of its past. Today, we operate a vertically integrated portfolio spanning power and compute at scale. Power ownership guides every decision we make, from capital allocation and partnerships to organizational design. Bitcoin mining remains the backbone of our enterprise, distinctly capable of monetizing energy at scale, while AI and advanced compute extend the durability and flexibility of the platform. We view 2026 as an inflection point. With infrastructure in place, upgrades underway, the Starwood partnership advancing select assets toward hyperscale tenancy, and Exaion expanding our enterprise AI capabilities, we are positioned to execute on our strategy."On Thursday, TeraWulfreportedwhich compared to a loss per share of (21c) on revenue of $140.1M for FY24. The company said, "Fiscal year 2025 marked a fundamental inflection point for TeraWulf as the company executed long-term data center lease agreements totaling 522 critical IT MW, providing multi-year revenue visibility, stable cash-flow characteristics, and scalable development capacity extending through the end of the decade. TeraWulf delivered a transformational fourth quarter, achieving major commercial, operational, and financial milestones that position the company as a leader in sustainable HPC infrastructure."COINBASE REPORTS STOCK TRADING AVAILABLE TO ALL U.S. USERS:Coinbaseannounced Tuesday that"You can now buy, sell, and manage stocks and ETFs right alongside your crypto holdings - 24/5, with zero commission...You can fund your trades instantly using both USD and USDC, with Coinbase One members earning uncapped rewards on their USDC trading balance. And with fractional shares, start trading stocks with as little as $1," the company said in a blog post. "We're starting with the market's leading equities and plan to expand 24/5 trading to thousands more stocks over the coming months. This spring, Coinbase also plans to broaden stock perpetuals, enabling traders outside the U.S. to get 24/7, capital-efficient exposure to U.S. equities," it added.  "As part of this milestone, Coinbase and Yahoo Finance are partnering to enable users to move from researching an asset on Yahoo Finance to executing a trade on Coinbase with one simple click. Yahoo Finance will also offer traders seamless asset discovery and tracking within the Yahoo Finance interface. This marks a major step in bridging traditional markets with the digital asset economy," the company said.Also on Tuesday, Apex Fintech Solutions announced its collaboration with Coinbase, through Coinbase Capital Markets Corp., to power the stock trading capabilities of their "Everything Exchange" platform. Through Apex's clearing, custody, and execution services for equities, Coinbase users can now trade stocks and ETFs alongside their cryptocurrency holdings, all in a single, unified experience.Meanwhile, BofA lowered the firm's price target on Coinbase to $288 from $340 and kept a Buy rating on the shares. The firm is revising EPS estimates for several of its covered brokers, asset managers and exchanges that recently reported earnings.Additionally, Monness Crespi attributed the selloff in shares of Coinbase to President Trump's tariff moves, continued exchange traded fund outflows, and "signs of whales moving HODLs onto exchanges." Monness also believes the probability assigned to the CLARITY Act passing "remains too high in certain corners." Clarity on the stablecoin loophole remaining open in the next draft of CLARITY Act "is far too optimistically priced in," the analyst said. The firm would add to Coinbase shorts at current share levels. It reiterated a Sell rating on the stock with a $120 price target.CANAAN ACQUIRES CIPHER'S INTEREST IN TEXAS PROJECTS:Canaanannounced Monday that it has acquired Cipher Mining's49%Following the acquisition, the company now owns a 49% stake in the ABC projects, while WindHQ maintains its 51% stake in the ABC projects. The sites currently operate a total of 120 MW of power capacity and support approximately 4.4 EH/s of total operating hashrate. Fleet efficiency currently stands at approximately 25.7 J/TH with the potential for hardware and infrastructure upgrades. As part of the transaction, the company also purchased an additional 6,840 Canaan Avalon A15Pro-AVG-221T mining rigs from Cipher. The total consideration for the transaction is approximately $39.75M.On Tuesday, Cipher reportedwhich compared to adjusted EPS of 33c on a revenue of $151.27M for FY24."Building on a transformative 2025, the fourth quarter reflected continued momentum as we advanced our evolution into a leading HPC data center development company," said Tyler Page, CEO. "During the quarter, we upsized our initial lease with Fluidstack and Google and signed our first HPC lease with Amazon. In addition, we successfully executed multiple high yield bond offerings to finance two of our existing HPC projects at Barber Lake and Black Pearl. In recognition of this successful shift in our business model and strategic priorities going forward, we are proud to now officially operate as Cipher Digital."Following the news, Clear Street lowered the firm's price target on Cipher to $32 from $34 and kept a Buy rating on the shares. The firm remains bullish on the stock coming out of Q4 earnings as it sees a clear step-change in Cipher's earnings profile beginning in Q4 as lease revenue from Amazon and Fluidstack begins contributing in earnest, the analyst said. This inflection is underappreciated, particularly given the quality of counterparties and long-duration nature of the leases, the firm added.Meanwhile, B. Riley lowered the firm's price target on Canaan to $2 from $2.50 and kept a Buy rating on the shares. The revised price target reflects the company's Q4 results and the acquisition of Cipher's 49% stake in three West Texas sites, the analyst said.META LOOKS TO ENTER STABLECOIN SPACE:Metais planning topending integration with a third-party company to enable payments using the dollar-pegged token technology, Coindesk's Ian Allison reported Tuesday, citing three people familiar with the plans. The tech giant is aiming to begin stablecoin integration early in 2H26 and expects to integrate a vendor to assist in administering stablecoin-backed payments and implementing a new wallet. A source said Meta has issued a request for product to third-party firms and noted Stripe as a possible candidate for piloting the stablecoin, according to the report.OTHER CRYPTO NEWS:StrategyacquiresBitmine ImmersionreportsB. Riley lowers price target on Bitmine to $30 from $47, on FG Nexustoon Nakamototoon SharpLink GamingtoDDC EnterprisepurchasesPayoneer GlobalfilesBitcoin Depotintroducesprice target adjusted to $6 at Noble Capital after reverse splitHyperscale DatareportsIP StrategylaunchesSolana Companyplans forDeFi DevelopmentannouncesiPowerentersAlphaTON CapitalinitiatedBNB Plus Corp.reportsSharps Technology, The Tie announceCiti starts Galaxy DigitalatCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 3% this week to $66,046 in U.S. dollars, according to CoinDesk.

Bitcoin rallied sharply Wednesday, reclaiming $68,000 after touching lows near $62,500 earlier this week, as corporate treasury accumulation buys, the first meaningful bitcoin ETF inflow in a week, and short covering drove a rebound across crypto-adjacent equities. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITCOIN'S "RELIEF RALLY" AMID DEEP MONTHLY DRAWDOWN:characterizes today's move as a "relief rally," with bitcointrading in the $68,000–$69,000 range after rebounding roughly 4.6% over the past 24 hours from lows near $62,500 earlier in the week. Bitcoin remains on track for its worst month since the June 2022 crypto collapse, with Bloomberg's February 26 rundown noting that BTC is down about 24% in February and more than 45% below its October 2025 all-time high of $126,080.that nearly 9M BTC, around 45% of circulating supply, is now held at a loss, yet "bitcoin's plumbing" has continued to operate smoothly during the drawdown, with no major exchange or settlement outages. Combined with today's bounce and short-covering, the on-chain data backdrop led, even as realized losses remain elevated.BTC INFLOWS, ETH OUTFLOWS, SOL-ROTATION:shows U.S. spot bitcoin ETFs with a net inflow of 1,292 BTC today, reversing a seven‑day stretch of cumulative net outflows totaling 4,459 BTC. Etherproducts moved in the opposite direction, with a net outflow of 57,543 ETH today and 65,691 ETH over the past week, while solanaETFs drew a net 39,169 SOL today and 166,521 SOL over seven days, signaling that some ETP investors are rotating toward higher-beta Solana exposure into the bounce.AMERICAN BITCOIN, NAKAMOTO DEAL, JPM BITCOIN NOTES:American Bitcoin, a majority-owned subsidiary of Hut 8,, highlighting $185.2M in full-year revenue and $78.3M in Q4 revenue, up roughly 22% quarter-on-quarter. The company disclosed that its bitcoin reserve grew from zero in Q2 2025 to 5,401 BTC at year-end and to more than 6,000 BTC as of the filing, that it mined 1,654 BTC from Q2 through year-end, and that it operates about 25 EH/s of installed capacity across some 78,000 ASICs. Nakamotoalsoconfirming the completed acquisitions of BTC Inc. and UTXO Management, making both companies wholly owned subsidiaries. The filing places the stock consideration at 364,795,104 Nakamoto shares, valuing the transaction at approximately $81.6M, and notes that the acquired businesses generated about $80.5M in revenue, $34.2M in EBITDA, and $40.1M in net income in the 12 months ended September 30, 2025. In structured products, JPMorgan'son today's docket describes auto callable accelerated barrier notes linked to the iShares Bitcoin Trust ETF, with pricing on February 23 and settlement expected "on or about" February 26. The notes offer 1.5x leveraged exposure to IBIT's upside with early call features and significant downside participation if bitcoin declines below barrier levels before maturity on February 28, 2028, and are fully and unconditionally guaranteed by JPMorgan.ON-CHAIN FLOWS:Data from Lookonchain and Arkham,, show that Vitalik Buterin has now sold 17,196 ETH, approximately $34.96M, this month, surpassing his initially telegraphed 16,384‑ETH plan by 4.9%. Today's report emphasizes that the proceeds are earmarked for open-source software, biotech research under the Kanro initiative, privacy tools, and secure hardware, and also points out that ETH has rallied about 10% today, from around $1,816 to above $2,100before pulling back to the $1,980s, despite his selling, a break from past patterns where similar sales coincided with 5–22% drawdowns. Whale flows today skew toward ETH accumulation and leverage., notes that address 0xAb59 spent $14.57M to buy 7,008 ETH at $2,079, while address 0x166f withdrew 20,000 ETH, approximately $38.25M, from Binance and Deribit across five transactions in about two hours. Another whale, 0x2bd, swapped approximately 240.44 BTC, approximately $15.7M, for 8,152 ETH via ThorChain, deposited the ETH into Aave, borrowed 36M USDTon a looping basis, and bought 17,283 additional ETH at $2,083, building a 25,434.5‑ETH stash worth roughly $52.45M with a liquidation price of $1,705.65,On the bitcoin side,, approximately $43.05M, to Geminiafter three years of inactivity, implying a profit near $25.37M if liquidated, and a newly created wallet that withdrew 500 BTC, roughly $32.9M, from Binance. Together with today's positive ETF flows, these moves suggest that, at least for now, bigger players are treating sub‑$70K BTC levels as attractive entries even as longer-term holders remain heavily underwater.PRICE ACTION:As of time of writing, bitcoin was trading at $66,745.32, while ether was trading at $1,985.02,.

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.CRYPTO EARNINGS:On Thursday, Strategyreported a fourth quarterwhich compared to a loss per share of ($3.03) for the same period last year and analyst revenue consensus of $118.5M. As of December 31, the company had cash and cash equivalents of $2.3B, as compared to $38.1M as of December 31, 2024."We raised $25.3B of capital in 2025 to advance our Bitcoin treasury strategy, making us the largest equity issuer among U.S. public companies for a second consecutive year. We increased our holdings to 713,502 bitcoins, including 41,002 bitcoins acquired in January 2026 alone. STRC, our flagship Digital Credit instrument, has grown to $3.4B in size, supported by increasing liquidity and declining volatility. Our variable dividend rate mechanism for STRC, currently set at 11.25%, has helped maintain STRC price stability near the $100 stated amount despite a weaker bitcoin price environment. In 2026, we remain focused on expanding STRC to generate amplification and drive growth in Bitcoin Per Share for MSTR common stock investors," said Phong Le, CEOAdditionally on Monday, Strategy announced an update on its bitcoin holdings. The company reported acquiring 855 bitcoin for approximately $75.3B at an average purchase price of $87,974 between January 26 and February 1. As of February 1, Strategy holds 713,502 bitcoin acquired for an aggregate purchase price of approximately $54.26B.Following earnings, BTIG lowered the firm's price target on Strategy to $250 from $630 and kept a Buy rating on the shares. The company's Q4 earnings call was overshadowed by bitcoin prices that traded off 8% in the hours leading up to the call, the analyst said. BTIG reminds investors that Strategy's convertible debt is "extremely over-collateralized" and is covered even if bitcoin prices drew down 80%. Further, the company has 30 months of USD reserves to cover preferred equity dividend payments, added the firm. It cited the recent bitcoin volatility for the target cut.On Tuesday, Galaxy Digitalreported a Q4which compared to analyst estimates of loss per share of (92c) and revenue of $16.6B. The company reported total equity of $3.04B and holdings of $2.6B in cash and stablecoins as of December 31.Following the report, Goldman Sachs lowered the firm's price target on Galaxy to $24 from $27 and kept a Neutral rating on the shares. Despite the weaker results in the quarter, largely driven by digital assets price depreciation, management remains constructive on the long-term growth trajectory across the Global markets and Asset management businesses, the analyst said. Meanwhile, H.C. Wainwright lowered the firm's price target on Galaxy to $40 from $45 and kept a Buy rating on the shares. The firm sees an attractive buying opportunity after shares tumbled on weaker-than-expected Q4 results. While the crypto bear market has been a headwind, the potential passage of crypto market structure legislation and the monetization of its data center business, which is on track to recognize revenue from its CoreWeavelease in the coming weeks, are identifiable near-term positive catalysts, the analyst added.On Thursday, IRENreported a Q2which compared to a loss per share of (10c) last year and analyst revenue estimates of $226.9M. The company had cash and cash equivalents of $2.8B as of January 31. "Last quarter marked meaningful progress across capacity expansion, customer engagement, and capital formation, reflecting IREN's progress as a scaled AI Cloud platform," said Daniel Roberts, Co-CEO. "We are seeing the strongest demand environment to date, and importantly, that demand is being met by a proven execution capability. Over several years, we have consistently delivered data center capacity on time and at scale, and that delivery track record continues to resonate with customers who value reliability alongside performance. "With more than 4.5GW of secured power, we are able to advance a broad set of opportunities in our pipeline and support the next phase of growth. Our $3.4bn ARR target represents an early stage of monetization relative to the size of our secured power portfolio, highlighting the scale of the platform we are building."Following the report, Cantor Fitzgerald lowered the firm's price target on IREN to $82 from $136 and kept an Overweight rating on the shares. Revenue and adjusted EBITDA were both down quarter over quarter due to a decline in bitcoin prices and a decline in operating hash rate, which was not unexpected given the company's transition of capacity away from bitcoin mining and towards AI compute, the analyst said. The firm believes the after-hours move lower is a buying opportunity. B. Riley raised the firm's price target on IREN to $83 from $74 and kept a Buy rating on the shares. IREN reported Q2 adjusted EBITDA of $75.3M, below both internal and consensus estimates, while highlighting key milestones including securing $3.6B in GPU financing, adding 1.6 GW of power capacity at a new Oklahoma campus, and progressing Sweetwater 1 & 2 in Texas, the analyst said. Despite the shortfall, the company targets $3.4B in annualized run-rate revenue by end of CY26, with expansion across Horizon 1-4 and B.C. sites positioning IREN as a de-risked, compelling long-term growth story, the firm saidMORE CRYPTO EARNINGS:On Thursday, CleanSparkreported a Q1which compared to earnings per share of 85c last year and a revenue consensus of $187.73M. The company held $485.1M in cash and $1B in bitcoin as of December 31."CleanSpark exited the quarter with one of the strongest balance sheets in our sector and a power and land portfolio that is increasingly scarce," said Matt Schultz, CEO. "We strengthened our financial foundation, secured up to 890 megawatts of high-quality utility potential capacity in the Houston region, and materially advanced our Sandersville site with the acquisition of an additional 122-acre parcel as we progress toward AI tenancy. Importantly, this expansion is being funded from a position of strength. Our scaled bitcoin mining operations continue to generate durable cash flows, and those cash flows are now being redeployed into long-duration infrastructure opportunities that we believe can drive significant shareholder value over time."Following the report, Needham lowered the firm's price target on CleanSpark to $19 from $25 and kept a Buy rating on the shares. The company modestly missed on revenues and Adjusted EBITDA, primarily driven by lower mining, though the firm is lowering its estimates further as bitcoin prices have materially pulled back, the analyst said. Cantor Fitzgerald lowered the firm's price target on CleanSpark to $17 from $21 and kept an Overweight rating on the shares. The investment case for CleanSpark has now shifted to AI, with what appears to be strong momentum for its Sandersville site, and the company is adding additional large site capacity behind that, the analyst said. The recent selloff makes shares attractive, the firm added. Meanwhile, Keefe Bruyette lowered the firm's price target on CleanSpark to $14 from $18 and kept an Outperform rating on the shares. The firm maintains high conviction in a 2026 Sandersville lease given the site's readiness, location, and active tenant engagement, which should help anchor shares near $10 despite BTC volatility, the analyst said.On Thursday, Bullishreported a Q4which compared to analyst estimates of earnings per share of 16c on revenue of $87.26M. Tom Farley, CEO, said, "I believe that we are at a turning point for digital assets. For all of crypto's extreme volatility and cyclicality, the vision of faster, better, cheaper, permissionless capital is being unlocked in real-time to bring everything onchain. What I envision immediately ahead for this industry - and, particularly for Bullish, is why I came to the digital asset space."Following earnings, Clear Street lowered the firm's price target on Bullish to $42 from $50 and kept a Buy rating on the shares. The company reported strong Q4 results and the fiscal 2026 outlook is solid, the analyst said. Clear cited the "risk-off" environment, weak investor sentiment, and uncertainty surrounding the timing of market structure legislation for the target cut.Meanwhile, JPMorgan lowered the firm's price target on Bullish to $41 from $42 and kept a Neutral rating on the shares. The firm views the company's Q4 report as inline.On Friday, Mawson Infrastructure Groupreportedcompared to revenue of $15.1M for the same period last year. The company also announced that it had reached a confidential settlement with Ionic Digital Mining to resolve claims Ionic brought against Mawson and two of its subsidiaries related to a co-location agreement. In addition, the company entered a separate, unrelated settlement to resolve a customer dispute over a hosting arrangement. Together, these resolutions eliminate a large portion of the company's potential financial liability going forward. Mawson made no admission of liability or wrongdoing in reaching either of these settlements."We are pleased to move forward from these pending cases and significantly reduce Mawson's potential liability," said Kaliste Saloom, Interim CEO and General Counsel of Mawson. "The clarity we now have on the future strength of our balance sheet will allow us to focus on driving operational execution and long-term growth for Mawson."BED BATH & BEYOND TO ACQUIRE TOKENS.COM:Bed Bath & Beyondannounced Monday that it has signedto establish a critical foundation for a unified investment and personal finance platform. The company said, "The platform will address a fragmented market for financial services by delivering a one-stop journey for real estate and other real-world asset finance that bridges tokenized and traditional investing. The platform will be integrated with our financial technology, insurance, and blockchain-based businesses. Bed Bath & Beyond currently maintains strategic investments and ownership interests in digital asset and blockchain businesses, including tZERO and GrainChain, held both directly and through its Medici portfolio. Tokens.com will be wholly owned by Bed Bath & Beyond and will benefit from Bed Bath & Beyond's deep experience and history in the advancement of tokenized assets as an early investor and proponent of blockchain technology. The platform will be supported by shared expertise, regulatory experience, and proven infrastructure services across Bed Bath & Beyond's portfolio." Bed Bath & Beyond anticipates the Tokens.com platform becoming operational by July 1, subject to closing and customary conditions."Our strategy brings together partners like Figure Technologies and Figure Markets, the infrastructure of tZERO, and the operating and AI integration capabilities provided by ShyftLabs," said Marcus Lemonis, CEO. "Providing responsible, compliant liquidity pathways for homeowners and real-world asset holders is our strategy and long-term vision."GEMINI TO EXIT OPERATIONS IN UK, EU, AUSTRALIA:In a Thursday regulatory filing, Gemini Space Stationdisclosed that the company approved a plan to exit andas part of a broader initiative to reduce operating expenses and support the company's path to profitability. "The company's business will continue operating in the United States and Singapore. The Plan is expected to include a reduction in force of up to 200 global employees, including employees in Europe, the United States, and Singapore, and representing approximately 25% of the company's total global workforce as of February 4, 2026. The company expects the Plan to be substantially completed in the first half of 2026, subject to applicable local law and consultation requirements. In connection with the Plan, the company currently estimates that it will incur pre-tax restructuring and related charges of approximately $11M, substantially all of which are expected to result in cash expenditures…The company expects to recognize substantially all of these charges in the first quarter of 2026, subject to the timing of actions taken under the Plan and applicable local law and consultation requirements," the filing stated.Following the filing, Evercore ISI downgraded Gemini to In Line from Outperform with a price target of $10, down from $15. The firm said the market exits pushes out Gemini's growth story.Additionally, Goldman Sachs lowered the firm's price target on Gemini to $7.50 from $11.50 and keeps a Neutral rating on the shares. The wind down reflects the impact of the crypto sell-off on reducing crypto trading volumes, which has likely termed out Gemini's path to profitability, Goldman contended.BITFARMS PLANS U.S. REDOMICILIATION:Bitfarmsannounced Friday that its Board of Directors has approved a plan of arrangement under whichsubject to receipt of shareholder, stock exchange and court approvals. The arrangement is the culmination of a comprehensive strategic review process undertaken by the board over the past 12 months, including ongoing analysis of investor sentiment and capital markets trends to identify opportunities to enhance long-term shareholder value. The board unanimously determined that the U.S. redomiciliation is in the best interests of Bitfarms and unanimously recommends that the shareholders of the company vote in favor of the arrangement. Upon completion of the redomiciliation, the ultimate parent company of Bitfarms will be a corporation formed under the laws of the State of Delaware. It is anticipated that this new parent corporation will operate under the name Keel Infrastructure. To effect the redomiciliation, each outstanding common share of Bitfarms will be exchanged for one share of common stock of Keel Infrastructure pursuant to the arrangement. Upon completion, Keel Infrastructure US common stock is expected to trade on the Nasdaq and the Toronto Stock Exchange under the ticker symbol KEEL, subject to receipt of all necessary approvals of the Nasdaq and the TSX.  The redomiciliation is expected to be completed on or about April 1.CEO Ben Gagnon stated, "Bitfarms is officially launching the final phase of our pivot to the U.S., positioning us to more effectively execute on the significant opportunities we see ahead in HPC/AI infrastructure development. This transition will expand our access to new sources of capital, increase our eligibility for index inclusion, and simplify our story for U.S. investors, among other benefits that we believe support our ability to continue creating value for our shareholders. As a business, fortifying our U.S. footprint will bring significant benefits including reducing complexity for potential customers and enhancing our current relationships with suppliers and energy providers. We look forward to continued engagement with our shareholders to outline our clear path forward for value creation as a U.S. company."OTHER CRYPTO NEWS:Sharps Technology, BitGoannounceBitmine Immersionreports totalDeFi Development'sdfdvSOL token addedFiguredowngraded toat BofA, price target lowered to $57 from $66 at Goldman SachsLM FundingminesDDC Enterpriseacquires 105 additional BTC,IP StrategyreportsBit DigitalholdsCoinbaseprice targetTeraWulfacquiresCircle Internetinitiatedpartners with PolymarketHC Wainwright assumes Hut 8withinitiates American BitcoinwithCangoproducesSRx HealthreducesHive DigitalreportsCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 18% this week to $68,182 in U.S. dollars, according to CoinDesk.