BTC Breaks Through 69,000 USDT

Hut 8 reported an annual loss of $248 million, but a $7 billion AI leasing plan is helping to turn the tide.

Hut 8 reported a net loss of $248 million in 2025, mainly due to unrealized digital asset losses, despite a 45% increase in annual revenue to $235.1 million. The company successfully transitioned into an AI infrastructure developer, signing a $7 billion leasing agreement with Fluidstack, demonstrating long-term growth potential. The stock price still rose over 300% despite the losses.

Jane Street market manipulation rumors spark discussion on Bitcoin ETF mechanisms

Recent market speculation around Jane Street has sparked discussions about the trading mechanism of Bitcoin spot ETFs. Analysts point out that the subscription and redemption of spot ETFs can be carried out by authorized participants within a regulatory framework, without the need for immediate Bitcoin trading on the market. They may also hedge through derivatives such as futures, leading to a time lag between capital inflows and short-term price performance. This reflects that Bitcoin prices are being influenced by institutional trading venues.

Jane Street Speculation Renews Scrutiny of Bitcoin ETF Market Mechanics

In brief Bitcoin ETF shares can be created or redeemed by authorized participants without requiring instant purchases or sales of Bitcoin on public exchanges. Analysts say derivatives hedging and settlement timing can weaken the short-term link between ETF inflows and spot price

A fire occurred in Wenatchee, Washington State, which may be related to local Bitcoin mining activities.

BlockBeats News, February 26 — According to TheEnergyMag, a fire occurred in Wenatchee, Washington State, USA, suspected to be related to local Bitcoin mining activities. The local fire department has responded to the scene, and the specific extent of damage and whether there were any casualties have not yet been disclosed. Relevant authorities are investigating the cause of the fire and whether the mining farm complies with local safety regulations. As of now, the name of the involved mining farm and the direct cause of the fire have not been disclosed.

BTC (Bitcoin) increased by 3.53% in the last 24 hours

Gate News Bot Message, February 26th, according to CoinMarketCap data, as of press time, BTC (Bitcoin) is trading at $68,369.70, up 3.53% in the past 24 hours, with a high of $69,953.53 and a low of $62,553.19. The 24-hour trading volume reached $52.55 billion. The current market capitalization is approximately $1,367.043 billion, an increase of $46.575 billion compared to yesterday. BTC is an innovative payment network and a new form of currency. It operates using peer-to-peer technology without the involvement of central authorities or banks; transaction management and Bitcoin issuance are collectively handled by the entire network. BTC uses open-source design, meaning no one can own or control BTC, and everyone can participate. Through its unique features, BTC supports many functions that previous payment systems could not provide.