We track Bitcoin’s bounce, then dive into the numbers that actually decide who survives: liquidity, leverage, and the gap between net assets and market value. Site visits, insider buys, and a wind-powered HPC pilot show where the real edge is forming.

• Bitcoin price momentum and miner beta
• Why current ratios signal real liquidity
• Debt ratios as a map of funding strategy
• NAV vs market cap to spot mispricing
• NAV vs enterprise value for debt-adjusted value
• Soluna’s Siemens pilot for behind-the-meter HPC
• DMG, Bit Digital, MARA as value standouts
• Terawulf’s contracts and funding explained
• Community impact, jobs, and local partnerships
• Hashrate index, difficulty, and margin pressure

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