Bitcoin Nears $100K: Mining Stocks Soar as Texas Considers Crypto Reserve

Riot Blockchain: Bitcoin Rally Drives Recovery

According to Börse Express, Riot Blockchain is experiencing a significant boost as Bitcoin surpasses the psychological threshold of $100,000 for the first time. This surge has propelled Riot Blockchain's stock up by as much as 8% in pre-market trading, fueled by a major trade agreement between the US and the UK that has invigorated the crypto market.

The company reported robust Q1 2025 results, with revenue more than doubling to $161.4 million. Of this, $142.9 million was generated solely from Bitcoin mining, marking a substantial leap compared to the previous year. Despite these positive figures, Riot Blockchain's stock remains about 47% below its 52-week high from November 2024, indicating lingering effects from the prolonged crypto winter. The recent recovery, however, could signal a potential trend reversal.

Q1 2025 Revenue	Bitcoin Mining Revenue	Stock Performance vs. 52-Week High
$161.4 million	$142.9 million	-47%

Volatility remains extremely high at over 100%.
The RSI stands at just 19, indicating the stock is heavily oversold.

Summary: Riot Blockchain is benefiting from the Bitcoin rally and strong quarterly results, but high volatility and a significant drop from previous highs keep investors cautious. (Source: Börse Express)

BitFuFu Reports Significant Growth in April Mining Activities

Investing.com Deutsch reports that BitFuFu Inc. (NASDAQ: FUFU), a global Bitcoin mining and services provider with a market capitalization of $567.61 million, achieved notable operational growth in April 2025. The company increased its managed total hashrate by 37.4% to 28.3 EH/s compared to the previous month, driven by expanded supplier partnerships and increased hash power procurement.

BitFuFu also expanded its managed power capacity by 18.4% to 566 MW, operating across five continents. Its Bitcoin holdings grew to 1,908 BTC, up by 61 BTC since March 31, 2025, mainly due to self-mining and net inflows from customer payments. The company produced 209 BTC in April, with 173 BTC from cloud mining and 36 BTC from self-mining. BitFuFu's cloud mining user base reached 612,280 registered users by the end of April.

Metric	April 2025	Change
Managed Hashrate	28.3 EH/s	+37.4%
Power Capacity	566 MW	+18.4%
Bitcoin Holdings	1,908 BTC	+61 BTC
BTC Produced (April)	209 BTC	-
Cloud Mining Users	612,280	-

BitFuFu maintains a liquidity ratio of 4.15 but faces gross margin challenges at 11.74%.
Revenue for FY 2024 increased by 63.1% to $463.3 million.
H.C. Wainwright maintains a "Buy" rating with a price target of $7.

Summary: BitFuFu demonstrates strong operational and financial growth, expanding its global footprint and user base, despite margin pressures. (Source: Investing.com Deutsch)

Bitcoin Approaches $100,000: Is the Rally Just Beginning?

Sharedeals.de highlights that Bitcoin made a significant leap on Thursday, approaching the $100,000 mark. This movement is attributed to positive developments in tariff negotiations between the US and other countries, which have fueled optimism in the cryptocurrency market. Should Bitcoin break through $100,000, the next resistance is at $103,000, potentially paving the way for a new all-time high.

Analysts, including those from Standard Chartered, predict that Bitcoin could reach a new record high of $120,000 in the second quarter, with a year-end target as high as $200,000. Key drivers identified include the Bitcoin halving cycle, interest rate trends, and the accumulation behavior of large BTC holders ("whales").

Bitcoin is nearing the critical $100,000 threshold.
Standard Chartered forecasts a possible $120,000 high in Q2 and up to $200,000 by year-end.
Major factors: halving cycle, interest rates, and whale accumulation.

Summary: Bitcoin is on the verge of a major psychological milestone, with analysts projecting further gains driven by macroeconomic and market-specific factors. (Source: sharedeals.de)

DMG Blockchain: AI Strategy Weighs on Bitcoin Business

Börse Express reports that Canadian Bitcoin miner DMG Blockchain is heavily investing in artificial intelligence (AI) infrastructure, acquiring two megawatts of prefabricated data center infrastructure. These units are intended for deployment at existing or temporary sites, including Christina Lake and Malahat Nation land.

This strategic shift comes at a cost: DMG Blockchain's Bitcoin production fell to 30 BTC in April from 32 BTC in March. The company also had to sell part of its Bitcoin holdings to finance AI investments and debt repayments. Despite these challenges, DMG increased its hashrate to 1.93 EH/s, offering a glimmer of hope amid strategic uncertainty.

Month	BTC Mined	Hashrate
March 2025	32 BTC	-
April 2025	30 BTC	1.93 EH/s

Stock is near its 52-week low and has lost over half its value since the start of the year.
Uncertainty remains whether the AI strategy can restore investor confidence.

Summary: DMG Blockchain's pivot to AI is straining its core Bitcoin business, with declining production and stock performance raising questions about the company's future direction. (Source: Börse Express)

CleanSpark: Anticipation Builds Ahead of Quarterly Results

According to Börse Express, CleanSpark is set to release its quarterly results after the market closes, with analysts expecting a potential upside surprise. The stock has already risen nearly 7% today, reflecting market optimism. Analysts forecast earnings of $0.07 per share, but the key focus will be on the company's guidance for the next quarter.

Three analysts currently rate CleanSpark as a "Buy," with an average price target of $19.67, representing an upside potential of 143%. The company's net margin stands at an impressive 148.89%, significantly above the industry average. Despite this, the stock has lost more than half its value over the past year, highlighting the volatility in the crypto mining sector.

Analyst Rating	Average Price Target	Net Margin	1-Year Stock Performance
Buy (3 analysts)	$19.67	148.89%	-50%+

CleanSpark is compared favorably to peers like Bitdeer Technologies and DoubleVerify Holdings.
Long-term investors need patience due to recent stock declines.

Summary: CleanSpark is under the spotlight with high expectations for its quarterly results, strong analyst support, and exceptional margins, despite recent stock volatility. (Source: Börse Express)

Texas Advances Bill SB 21 to Establish State Bitcoin Reserve

FinanceFeeds reports that the Texas Senate has advanced Senate Bill 21 (SB 21), which proposes the creation of a Bitcoin reserve for the state. If approved, Texas would become the first US state to officially hold Bitcoin on its balance sheet, potentially setting a precedent for broader institutional adoption and a new chapter in crypto regulatory policy.

SB 21, introduced by Senator Bryan Hughes, mandates the Texas Comptroller to purchase and hold Bitcoin as a strategic reserve. The goals include preserving value, diversifying state assets, and combating inflation. The bill requires regular reporting, security audits, and performance reviews of the Bitcoin holdings to ensure transparency and accountability.

Advocates claim that Bitcoin represents a distributed, non-sovereign form of money that is resistant to inflationary monetary policy. Samson Mow, CEO of JAN3, stated on X (formerly Twitter) that the measure "sets the tone for other states and even countries to follow."

Texas is seen as an ideal candidate due to its energy resources and active Bitcoin mining industry.
Critics warn of the risks of holding a volatile asset with public funds and question the practicalities of secure storage and fiscal planning.
Other states like Wyoming and Florida may consider similar measures if Texas proceeds.

Summary: Texas is on the verge of pioneering state-level Bitcoin reserves, a move that could influence other states and accelerate national debates on digital assets and regulation. (Source: FinanceFeeds)

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