BITCOIN MINING STOCKS' DELAY SEEN AS A BUYING OPPORTUNITY

On Tuesday, financial analysts at H.C. Wainwright published a report on the Bitcoin (BTC) mining sector, noting a notable increase in the total computing power used by publicly traded BTC mining companies in February. This computing power, measured in hash rate, increased by 8% compared to the previous month, reaching 125.7 exahashes per second (EH/s). It accounted for 22% of the entire network's computing power at the end of the month, up from 21% at the end of January, according to the company. Despite this growth in computing power, there was a 12% decline in the total number of Bitcoin mined by these companies, with production dropping to 5,175 BTC from 5,848 BTC in January.