CoinShares Blockchain Global Equity Index Falls 6.6% in One Week

The CoinShares Blockchain Global Equity Index (BLOCK Index) fell 6.6% over the week, compared with a 2.1% decline in Bitcoin (BTC), as losses among mining-linked stocks put data-center approvals and power costs in focus. Cipher Digital fell 31.5%, IREN dropped 31.3% and Hut 8 declined 30.8% over seven days. The moves were uneven: Riot Platforms rose 7.4% over the same seven-day period. The stock returns cover seven days, while the index and Bitcoin comparison covers the week. Texas Gov.-elect Gina Hinojosa had pledged before the election to pause new data-center approvals until lawmakers establish protections for residents. The proposed pause has not taken effect. Concerns center on the potential for slower approvals and higher power costs; a longer review process could delay projects still awaiting clearance.

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