Bitcoin Mining ETFs Under Pressure As Falling Profits Weigh On Miners
Challenges in Bitcoin Mining Sector: JPMorgan's report highlights a 5% drop in Bitcoin prices in February, leading to a 22% decline in the market cap of U.S.-listed mining companies and significant losses for Bitcoin mining ETFs.
Mining Profitability and ETF Risks: Despite increased competition and higher hashrates, mining profitability is under pressure, raising concerns about the sustainability of mining operations and potential further declines in ETF performance if Bitcoin prices remain low.
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BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
Most Active Stocks in Pre-Market Trading on November 10, 2025: IFRX, GREE, IPHA, TSLL, SQQQ, NVDA, PFE, BBAI, OSCR, IONQ, HLN, THS
NASDAQ 100 Pre-Market Performance: The NASDAQ 100 Pre-Market Indicator is up 380.3 points to 25,440.11, with a total pre-market volume of 219,886,694 shares traded.
Active Stocks Overview: InflaRx N.V. (IFRX) and Greenidge Generation Holdings Inc. (GREE) are among the most active stocks, with IFRX trading at $2.01 and GREE at $2.02, both showing positive movements.
Earnings Reports and Forecasts: IFRX and Innate Pharma S.A. (IPHA) are scheduled to release earnings reports soon, with IPHA showing a significant forecasted increase in earnings per share compared to last year.
Stock Recommendations: Several stocks, including NVIDIA Corporation (NVDA) and IonQ, Inc. (IONQ), are currently in the "buy range" according to Zacks, indicating positive market sentiment.
Viasat Shares Rise Approximately 13%; Check Out 20 Stocks Making Moves in Premarket Trading
Viasat's Financial Performance: Viasat Inc. reported adjusted earnings of 9 cents per share, significantly beating market expectations of a loss, leading to a 13.2% increase in its share price during pre-market trading.
Notable Gainers in Pre-Market Trading: Several stocks saw significant gains, including Masonglory Ltd (up 113.5%), Integrated Media Technology Ltd (up 117.1%), and Greenidge Generation Holdings Inc (up 57.6%) following positive developments.
Major Losers in Pre-Market Trading: Lazydays Holdings Inc experienced a sharp decline of 38.6% after announcing plans to delist, while CleanCore Solutions Inc fell 30.8% due to a withdrawal of its registration statement.
Market Activity Overview: The article highlights various stocks' movements in pre-market trading, showcasing both significant gains and losses, reflecting a volatile market environment.
Greenidge and New York State Reach Landmark Agreement on New Air Permit to Strengthen Local Power Grid, Mandating Emissions Reductions Beyond State Climate Act Targets
Title V Permit Renewal: Greenidge Generation Holdings has secured a five-year renewal of its Title V Air Permit for its Dresden, NY facility, allowing it to continue supplying power to the local energy grid while adhering to New York's Climate Act emissions standards.
Emissions Reduction Goals: The agreement mandates a 44% reduction in permitted emissions by 2030 and a 25% reduction from actual emissions, surpassing the state's Climate Act requirements.
Litigation Settlement: The settlement resolves ongoing litigation between Greenidge and the State of New York, affirming the company's operations will remain consistent with state environmental goals and allowing uninterrupted electricity supply.
Economic Impact: Greenidge's operations have significantly contributed to local job creation and tax revenues, with over $100 million invested in modernizing the facility since its acquisition in 2016.
Greenidge Generation Raises Cash Tender Offer Price for 2026 Senior Notes and Extends Tender/Exchange Offer Deadline
Amended Tender/Exchange Offer: Greenidge Generation Holdings Inc. has amended its tender and exchange offers for its 8.5% Senior Notes due 2026, removing the Early Tender Premium, increasing the purchase price to $10.00 plus accrued interest, and extending the expiration date to September 29, 2025.
Tendered Notes Information: As of the withdrawal date, $3,972,675 of the Old Notes were validly tendered and not withdrawn, with an additional $1,375 tendered under the Exchange Option, as reported by the exchange agent, Computershare Trust Company, N.A.
Greenidge Cancels $12.1 Million Spartanburg Land Sale After Buyer Pulls Out
Termination of Purchase Agreement: Greenidge Generation Holdings Inc. announced that Data Journey LLC has terminated a $12.1 million purchase agreement for 152 acres in Spartanburg, South Carolina.
Financial Retention and Marketing: Greenidge will retain $400,000 in non-refundable deposits from the deal and will continue to market the property, with an option to cancel the agreement by August 25, 2025.
Focus on Power Rights: CEO Jordan Kovler emphasized the company's commitment to securing long-term power rights for the property and enhancing shareholder value.
Stock Performance: As of Monday, GREE's stock closed at $1.33, down 3.27%, and is trading at $1.31 after hours, reflecting a further decline of 1.50% on the NasdaqGS.
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
Most Active Stocks in Pre-Market Trading on November 10, 2025: IFRX, GREE, IPHA, TSLL, SQQQ, NVDA, PFE, BBAI, OSCR, IONQ, HLN, THS
NASDAQ 100 Pre-Market Performance: The NASDAQ 100 Pre-Market Indicator is up 380.3 points to 25,440.11, with a total pre-market volume of 219,886,694 shares traded.
Active Stocks Overview: InflaRx N.V. (IFRX) and Greenidge Generation Holdings Inc. (GREE) are among the most active stocks, with IFRX trading at $2.01 and GREE at $2.02, both showing positive movements.
Earnings Reports and Forecasts: IFRX and Innate Pharma S.A. (IPHA) are scheduled to release earnings reports soon, with IPHA showing a significant forecasted increase in earnings per share compared to last year.
Stock Recommendations: Several stocks, including NVIDIA Corporation (NVDA) and IonQ, Inc. (IONQ), are currently in the "buy range" according to Zacks, indicating positive market sentiment.
Viasat Shares Rise Approximately 13%; Check Out 20 Stocks Making Moves in Premarket Trading
Viasat's Financial Performance: Viasat Inc. reported adjusted earnings of 9 cents per share, significantly beating market expectations of a loss, leading to a 13.2% increase in its share price during pre-market trading.
Notable Gainers in Pre-Market Trading: Several stocks saw significant gains, including Masonglory Ltd (up 113.5%), Integrated Media Technology Ltd (up 117.1%), and Greenidge Generation Holdings Inc (up 57.6%) following positive developments.
Major Losers in Pre-Market Trading: Lazydays Holdings Inc experienced a sharp decline of 38.6% after announcing plans to delist, while CleanCore Solutions Inc fell 30.8% due to a withdrawal of its registration statement.
Market Activity Overview: The article highlights various stocks' movements in pre-market trading, showcasing both significant gains and losses, reflecting a volatile market environment.
Greenidge and New York State Reach Landmark Agreement on New Air Permit to Strengthen Local Power Grid, Mandating Emissions Reductions Beyond State Climate Act Targets
Title V Permit Renewal: Greenidge Generation Holdings has secured a five-year renewal of its Title V Air Permit for its Dresden, NY facility, allowing it to continue supplying power to the local energy grid while adhering to New York's Climate Act emissions standards.
Emissions Reduction Goals: The agreement mandates a 44% reduction in permitted emissions by 2030 and a 25% reduction from actual emissions, surpassing the state's Climate Act requirements.
Litigation Settlement: The settlement resolves ongoing litigation between Greenidge and the State of New York, affirming the company's operations will remain consistent with state environmental goals and allowing uninterrupted electricity supply.
Economic Impact: Greenidge's operations have significantly contributed to local job creation and tax revenues, with over $100 million invested in modernizing the facility since its acquisition in 2016.
Greenidge Generation Raises Cash Tender Offer Price for 2026 Senior Notes and Extends Tender/Exchange Offer Deadline
Amended Tender/Exchange Offer: Greenidge Generation Holdings Inc. has amended its tender and exchange offers for its 8.5% Senior Notes due 2026, removing the Early Tender Premium, increasing the purchase price to $10.00 plus accrued interest, and extending the expiration date to September 29, 2025.
Tendered Notes Information: As of the withdrawal date, $3,972,675 of the Old Notes were validly tendered and not withdrawn, with an additional $1,375 tendered under the Exchange Option, as reported by the exchange agent, Computershare Trust Company, N.A.
Greenidge Cancels $12.1 Million Spartanburg Land Sale After Buyer Pulls Out
Termination of Purchase Agreement: Greenidge Generation Holdings Inc. announced that Data Journey LLC has terminated a $12.1 million purchase agreement for 152 acres in Spartanburg, South Carolina.
Financial Retention and Marketing: Greenidge will retain $400,000 in non-refundable deposits from the deal and will continue to market the property, with an option to cancel the agreement by August 25, 2025.
Focus on Power Rights: CEO Jordan Kovler emphasized the company's commitment to securing long-term power rights for the property and enhancing shareholder value.
Stock Performance: As of Monday, GREE's stock closed at $1.33, down 3.27%, and is trading at $1.31 after hours, reflecting a further decline of 1.50% on the NasdaqGS.
