While the publicly-traded miner's holdings have shrunk overall this year, the company has quickly added more Bitcoin to its balance sheet the past quarter.
Keel Infrastructure won key approvals to consolidate three Québec Bitcoin mining sites into a single 96 MW AI and high-performance computing campus in Sherbrooke.
JPMorgan says Bitcoin mining economics have deteriorated as BTC trades about 19% below its estimated $78,000 production cost, forcing public miners into record coin sales and rendering roughly 20% of the industry unprofitable.
Oman launched a mandatory state-backed Bitcoin mining pool requiring all licensed miners to participate, tightening regulatory oversight while expanding the country's $700 million-plus push into industrial-scale Bitcoin mining.
Bitcoin's recent crash may have found a durable bottom near $60,000 because that level roughly matches the production cost of the most efficient miners, creating an energy-based floor.