News

On June 24, BIT Official released a daily chart analysis stating that during the sideways movement of Bitcoin, individual stocks in the mining sector have shown an unusual strength against the trend. The divergence in market performance is attributed to a structural transformation in the industry: many Bitcoin mining companies are transitioning to AI data center hosting businesses, holding long-term power purchase agreements, and the value of these stable power resources is continuously increasing for large model enterprises. Although these companies still retain a significant amount of Bitcoin-related assets, investors are beginning to evaluate some mining companies based on the valuation logic of AI infrastructure, focusing on their power generation capacity, data center assets, and customer cooperation orders. This does not mean that Bitcoin is no longer the core anchor asset in the cryptocurrency market cycle. On the contrary, it indicates that during the sideways phase of Bitcoin's price, market funds are extending their attention to the energy, computing power, and data center infrastructure sectors behind Bitcoin mining.

According to BIT analysis, while spot Bitcoin remains range-bound, some mining stocks have strengthened. Mining companies are expanding their business to AI computing power hosting and infrastructure services. The market has begun to include mining companies’ infrastructure assets, customer contracts, and execution capabilities in valuation logic.

Glonghui, June 24｜According to MacRumors, the UK Competition Appeal Tribunal has officially issued trial orders and case instructions, approving the consumer rights organization Which? to proceed with a class action lawsuit on behalf of approximately 40 million UK iCloud users against Apple. This £3 billion case is expected to go to trial in October 2028, with court proceedings lasting about nine weeks. The organization submitted this lawsuit to the Competition Appeal Tribunal in November 2024, accusing Apple of locking users into its own iCloud service by restricting the integration of third-party cloud storage services on iOS devices since 2015, thereby charging excessively high subscription fees.