Bulls on Parade: Bitcoin's Friday Rally Rescues a Rough Trading Week

Bitcoin surges to nearly $117,000 as Jerome Powell signals openness to September rate cuts, sending mining stocks soaring across the board in a dramatic Friday turnaround.

• Bitcoin price jumping from $112,500 to over $117,000 within minutes of Powell's comments
• Mining stocks following Bitcoin's rally with gains of 5-8% across most companies
• Jerome Powell citing job market data as justification for potential rate cuts
• Hash price improving to $57.03, providing better margins for miners
• CleanSpark potentially pivoting to HPC/AI computing like other major miners
• Iren settling its long-standing NYDIG dispute ahead of next week's earnings
• CoreWeave-Core Scientific deal facing challenges due to CoreWeave's declining share price
• Live miner margin analysis showing 50-75% gross margins on energy costs at current prices

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