Miners turn electricity into bitcoin. For advisers, their shares turn a digital asset into something familiar: an equity sector with revenues, costs and a UCITS wrapper.

For clients who prefer shares to tokens, listed Bitcoin miners offer a regulated, well-covered route into crypto.

CoinShares has put a pure-play Bitcoin mining strategy into a UCITS structure, the only one of its kind as at 21 July 2026. Advisers locked out of Bitcoin by their own mandates now have a route in.

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.

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.