Bitcoin miners face market pressure as the price retreats below $118,000, yet the industry shows resilience with miners quickly recovering from early losses and continued institutional interest through price target increases.

• Bitcoin temporarily dropped to $17,000 before recovering to around $18,000, demonstrating market resilience
• An OG Bitcoin whale sold 80,000 BTC (worth $9 billion) that originally cost just $52,000 in 2011
• Bit Digital filed for its HPC/AI spinoff IPO under ticker WYFI with 7.8 million shares priced between $15-17
• MARA Holdings announced a $950 million convertible note offering at 0% interest
• JP Morgan raised price targets for Bitcoin miners (Iron to $16, CleanSpark to $15)
• Hash price approaches $60 per petahash per day, up 50% from post-halving lows
• Strategy's earnings report (July 31st) expected to show approximately $14B in positive FASB adjustments
• The White House will deliver its first Bitcoin Strategic Reserve report on July 30th
• Strategy now eligible for S&P 500 inclusion after four consecutive quarters of profitability
• Corporate Bitcoin treasuries continue growing with Strategy leading at 607,000+ BTC

Join us for upcoming earnings interviews with Mara Holdings, Riot, Buzz HPC, and others as we explore Q2 results and future strategies.

Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter