From Investing.com:

Analysts at H.C. Wainwright highlight an increase in the collective operating hash rate among publicly traded BTC miners in February. Despite this, there was a 12% decrease in total BTC production due to a drop in transaction fees and an increase in network difficulty. Bitcoin price currently sits at $71,929.

BTC ETFs in the U.S. saw record inflows of over $2.2 billion last week, propelling Bitcoin prices to new highs. BlackRock’s filings indicate plans to invest in Bitcoin ETFs, joining the trend of institutional adoption. MicroStrategy also purchased an additional 12,000 BTC for $821.7 million.

Bitcoin’s price last week nearly reached its all-time high, with a 9.4% increase. The network hash rate grew by 8.0% week-over-week, while mining stocks experienced a 1.4% decline. H.C. Wainwright sees the underperformance of mining stocks as a “compelling buying opportunity” due to various factors impacting the sector.



Read more at Investing.com: The underperformance of Bitcoin mining stocks is a ‘compelling buying opportunity’