Bitcoin miners build on gains after Jane Street discloses stakes
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Shares of leading Bitcoin mining companies rose after Jane Street disclosed new holdings on Thursday, extending a months-long rally across publicly traded mining stocks.
Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies.
Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street’s trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings.
Following the news, the stocks rallied 8% to 13% on Thursday, and continued to make gains on Friday.
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