Cryptomining Firm Hut 8 Incurs $248 Million Net Loss Last Year, Advances Shift to AI Infrastructure

February 26, 2026 — Per official Binance sources, the exchange is revising the interest payment method for its BNB Boost program. Effective March 1, 2026, the existing Binance-based interest payment method will be discontinued. All eligible interest from the BNB Boost program will be billed on the 1st of each month and automatically deducted from users’ Binance Master Account Spot Wallet on the 20th of each month. Payments will be made in USDC for MiCA-region accounts and USDT for non-MiCA-region accounts. Users do not need to take any action, but BNB Boost participants must ensure their Binance Master Account Spot Wallet has enough funds by the 20th of each month to avoid issues.

Per an official announcement, Upbit will add Centrifuge (CFG) trading pairs against KRW, BTC, and USDT on February 26th.

**Feb 26: Whale’s ARC Long Attack on Lighter Fails, Loses $5.3M** Per LookOnChain monitoring, whale address 0x5F64 attempted a long-position attack on ARC via Lighter but failed—its position was liquidated, resulting in a $5.3 million loss. The whale deposited 8.39 million USDC into Lighter to open a 210 million ARC long position (≈$20.45 million), pushing ARC’s price up to $0.15. Separately, another whale bought 16.2 million ARC for $573,000 two months ago. During the recent surge, it used dollar-cost averaging (DCA) to sell in batches: 9.8 million ARC at $0.115, cashing out $1.13 million. The address still holds 6.4 million ARC (≈$303,000) and has locked in $861,000 in profits. Subsequently, ARC’s price plummeted. 0x5F64’s 210 million ARC long position was liquidated, and the whale withdrew the remaining 3.06 million USDC from Lighter. The attack failed, leaving a final loss of $5.3 million.

February 26th — Per Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), Nvidia reported a 73% year-over-year revenue surge in its morning earnings release today, beating analyst expectations. The stock jumped above $200 at 5 AM ET, climbing over 4% before paring all gains. Ahead of the earnings announcement, several top on-chain traders on the Hyperliquid platform had already taken positions in NVDA (Nvidia) synthetic contracts. Among them, addresses tied to CBB (X: @Cbb0fe), 0xRay (X: @0xRay518), and Continue Capital held tens of millions in NVDA positions. Latest holding updates: - 0xRay (X: @0xRay518): Currently the largest on-chain NVDA long, holding a $16.53M long position. Average entry price: $190; floating profit: $406K; no position cuts yet. - CBB (X: @Cbb0fe): Yesterday’s largest on-chain NVDA short, sharply reduced position today — short size dropped from $10.5M to $5.96M, average price $188. - Continue Capital-linked addresses: Hold $10.02M long posit

February 26th — Jane Street, a leading global quantitative trading giant, has an extensive footprint in the cryptocurrency space, with core focuses on infrastructure, decentralized finance (DeFi), and crypto mining. Public records indicate Jane Street’s investments in native crypto projects include ZetaChain, Arbitrum, 1inch, Euler Finance, Membrane Labs, Kaito, and Vest Exchange, among others. On the equity side, Jane Street significantly boosted its stakes in several crypto mining companies through the secondary market between 2024 and 2026: it holds roughly 5.4% of Bitfarms (BITF), 5% of Cipher Mining (CIFR), and 5% of Hut 8 (HUT). Additionally, Jane Street participated in multiple rounds of Kraken’s financing last year. It is also a major liquidity provider and shareholder of Coinbase.

On Feb 26, Coinglass data shows Coinbase’s Bitcoin Premium Index flipped positive yesterday (Feb 25) at 0.0159%—ending a 40-day streak of discounts—before turning negative again today, though the gap has narrowed to -0.0033%. This signals warming buying sentiment in the U.S. market. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the spread between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. capital inflows, institutional investment enthusiasm, and shifts in market sentiment. A positive premium means Coinbase’s price is above the global average, typically signaling: strong U.S. buying interest, active inflows from institutions or compliant funds, ample USD liquidity, and broadly optimistic sentiment. A negative premium (Coinbase price below the global average) usually reflects: notable U.S. selling pressure, reduced investor risk appetite, rising market risk aversion, or capital outflows.