Crypto ETNs left the mainstream ISA in April. Listed blockchain companies did not, and their earnings case does not rest on where bitcoin trades next quarter.
Mining
Behind Bitcoin mining: real companies building real infrastructure
Bitcoin mining is not a hobby, it is an industrial sector: listed companies, gigawatts of contracted power, and more than $110B in AI infrastructure deals.
What Bitcoin mining actually is, and why it burns energy on purpose
Follow one payment through the Bitcoin network and the logic of bitcoin mining becomes clear: the energy is not a side effect, it is the security.



