13F filings by the U.S. Securities and Exchange Commission (SEC) show that Third Point significantly increased its stake in Hut 8 (Nasdaq: HUT) to $151.8 million and initiated new positions in Riot Platforms (Nasdaq: RIOT), Core Scientific (Nasdaq: CORZ), and Applied Digital Corp. (Nasdaq: APLD), valued at $7 million, $1.38 million, and $820,000, respectively. Additionally, the fund invested $194.47 million in Jack Dorsey's Block (NYSE: XYZ).

These Bitcoin mining companies are shifting their focus to artificial intelligence to counter the trend of declining Bitcoin mining profitability. Block's Q2 2026 revenue reached $6.62 billion with earnings per share of $1.02, both exceeding expectations, indicating the success of its AI integration strategy.