Canaan is heating homes with Bitcoin miners. The Chinese mining hardware maker landed a deal to supply its Avalon A1566HA hydro-cooled units to a Nordic district heating network — basically turning the waste heat from cryptocurrency mining into hot water for residential use.
AI's surging demand for power-hungry data centers is turning listed Bitcoin miners into strategic infrastructure plays, with Bernstein flagging nearly $90 billion of announced AI partnerships that could redraw the sector's economics.
Bitcoin's push toward $80,000 earlier this month has sparked the fastest growth in BTC perpetual futures open interest recorded so far in 2026, with Binance capturing the largest share of new derivatives capital.
Bernstein has assigned Outperform ratings to four Bitcoin (CRYPTO: BTC) miners, citing over $90 billion in AI deals covering 3.7 gigawatts of power capacity across hyperscalers, neoclouds, and chip providers. Price Targets Imply Massive Upside From Monday Close Bernstein set a $100 price target on IREN (NASDAQ:IREN), implying 98.1% upside from Monday's $50.46 close.
The cryptocurrency market is beginning to feel pressure, as expectations for Federal Reserve policy are rapidly changing. The likelihood that rate cuts will continue until 2027 is currently practically zero percent, according to FedWatch probabilities.
Canaan Inc. has been selected to supply hash-to-heat equipment to a district heating network in the Nordic region, deploying its Avalon A1566HA hydro-cooled mining units to deliver hot water directly to residential customers.
Bitcoin price slipped to nearly $77,000 this week, extending its decline for a fourth straight day as selling pressure intensified across crypto markets. The latest downturn comes amid heavy Bitcoin ETF outflows, rising spot-market selling, and a sharp shift in trader sentiment, with fear returning to crypto discussions for the first time in weeks.
TD Cowen has raised its price target on Strategy shares after the firm said the company's recent Bitcoin accumulation and debt management moves have improved both its per-share Bitcoin exposure and balance sheet position.
Record Outflows: Spot Bitcoin ETFs saw $648.6 million in single‑day outflows, extending last week's $1 billion slide and ending a six‑week positive streak. Macro Pressure: Analysts cite rising Treasury yields, inflation fears, and U.S.–Iran tensions as key drivers behind the risk‑off shift and bitcoin's drop below $77,000.
Bitcoin price retests key $75K support as moving averages hold and analysts watch a possible $90K target.
SBI Group has told investors that its asset management arm plans to launch ETFs focused on Bitcoin and Ethereum, as well as investment trusts that hold baskets of multiple crypto assets, once Japan reforms its rules on crypto funds and taxation.
Bitcoin (CRYPTO: BTC) trades below $77,000 after getting rejected at the 200-day moving average, and analyst Benjamin Cowen expects weakness to persist into Q3 and early Q4. 200-Day MA Provided Resistance In Every Bear Market The 200-day moving average provided resistance in May 2018, March 2022, and now May 2026.