Bitcoin traders eye $15B options expiry as miners add hashrate

Bloomberg+2 · 5 hours ago
Bitcoin traders eye $15B options expiry as miners add hashrate
  • Traders seeking clues on whether the Bitcoin rally is sustainable are focused on the quarterly expiration of roughly $15 billion in options contracts.
  • PowerCompute installed 1,000 Bitmain Antminer S19 XP miners in Oklahoma and ordered 940 more for October, taking total hashrate to roughly 862 PH/s, up 11.8% from 771 PH/s on June 30.
  • Each replacement machine delivers nearly 39% more hashrate on comparable power, with efficiency improving to about 21.5 joules per terahash from about 34.
  • PowerCompute held 323 Bitcoin valued at roughly $27.8 million as of August 31, 2026, based on a Bitcoin price near $86,000 on September 21, 2026.
  • Silvia repurchased 14.5% of shares outstanding and holds 5,130 Bitcoin.

Quotes

We anticipate that every machine we replace will give us nearly 39% more hashrate on the same powerBruce M. Rodgers
That means more Bitcoin and more revenue from electricity we already own, and we are paying for it from our own resources. We also have up to 3 megawatts of energized capacity in Mississippi to expand into either AI or BTC mining.Bruce M. Rodgers

Sources