Jul 20, 2026 commentary
Data-Center Contract Wins Power a Miner Rebound as U.S. Spot Demand Firms
₿ Conviction
The mining complex bounced as fresh multi-billion-dollar data-center agreements undercut fears that AI compute demand is fading, while an improving Coinbase-Binance spread signaled that U.S. spot buyers are stepping back in — leaving legislative progress on the Clarity Act as the dominant near-term swing factor for crypto.