The Bitcoin mining sector faces turbulence with BTC retreating to $88,000 and mining stocks following suit ahead of tomorrow's White House crypto summit that could bring significant policy developments.

• Core Scientific stock drops 14% on unsubstantiated rumors about Microsoft pulling back from contracts with CoreWeave
• CoreWeave denies any Microsoft contract cancellations despite market reaction
• Core Scientific share price has retreated to June 2023 levels despite significant operational growth
• IREN mines 459 Bitcoin in February with industry-leading 15.0 J/TH efficiency
• IREN's operational hash rate at 28.7 EH/s with 31 EH/s installed, targeting 50 EH/s by mid-2024
• IREN's AI cloud services revenue increases 50% month-over-month to $1.2M with 96% margins
• Soluna Cloud partnering with Atlas Cloud to power DeepSeek R1 offering with 128 NVIDIA H100 GPUs
• Texas SB21 bill successfully passes, providing regulatory clarity for Bitcoin miners
• Major mining companies becoming more politically engaged ahead of White House crypto summit

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