S1E566 - Cipher Earnings & IREN M&A: BITZ, RIOT & MARA News!

We track a wild day across Bitcoin and AI infrastructure stocks as earnings, new leases, and M&A reset what “Bitcoin mining” even means. We break down why the market is re-rating companies with HPC contracts and how power, build execution, and financing levers are becoming the real edge. 

• bitcoin price move and why it matters for miners 
• heat map read-through and why “deals” drive green days 
• Bitzero’s 110MW Norway GPU lease and what the numbers imply 
• Applied Digital spinning out Chronoscale to separate business models 
• Cipher earnings highlights across Barber Lake, Black Pearl, and Stingray...