Crypto Rover reports record realized loss on Bitcoin
On March 1, analyst Crypto Rover announced that the Bitcoin market had just recorded the largest loss since the collapse of FTX in November 2022. This event was marked by a sharp drop in the price to $42,300, followed by a rebound to $43,800, suggesting a possible capitulation of investors and a potential market floor.
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Bitfarms-Stronghold fusion: marriage between mining and AI
The merger between Bitfarms and Stronghold Digital Mining was approved by 99.6% of Stronghold shareholders for an amount of approximately $175 million. This operation, which should be finalized in March 2025, represents a strategic turning point with the planned conversion of some mining facilities into AI data centers.
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Bitdeer continues its technological expansion
SEALMINER A1 production remains on track, with mass production of 3.7 Eh/s scheduled for early March. The SEALMINER A2, originally scheduled for October 2025, were delayed by one month due to an earthquake in Taiwan, but remain scheduled with 7 EH/s allocated for external sales starting in March.
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Outlook for March 2025
Historically, March has been a controversial month for Bitcoin, with mixed performances. However, the last four years have all seen gains in March (29.84% in 2021, 5.39% in 2022, 22.96% in 2023, and 16.81% in 2024). After the severe correction in February, analysts remain cautious but note that Bitcoin does not need to record significant gains to end the month in positive territory.
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