Jane Street Capital, a major trading firm in America based in New York, has announced a significant investment in three leading Bitcoin mining companies. According to a filing on October 23, Jane Street currently holds a 5% stake in Hut 8 (, 5.3 million shares ), 5.4% of Bitfarms (, 29.9 million shares ), and 5% of Cipher Mining (, 19.6 million shares ).
This move indicates the increasing interest of financial institutions in the Bitcoin mining industry as the cryptocurrency market recovers. Bitcoin mining is the process of using high-power computers to verify transactions and secure the blockchain network, in return, miners receive rewards in Bitcoin. Following this news, shares of mining companies surged — Cipher Mining's stock rose nearly 20%, reaching $20.69.
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