A major mining manufacturer just made a decisive move in Texas.
Canaan Inc. spent $39.75M in stock to acquire Cipher Mining’s 49% stake in three operational Texas projects, instantly adding 4.4 EH/s to its mining fleet and securing 120 MW of power capacity.
For a company long known as a hardware seller, this marks a clear pivot toward direct Bitcoin production.
— Cipher Digital (@CipherInc) February 24, 2026
This is vertical integration in action. Canaan is no longer just selling ASICs. It is operating them. The deal also brings thousands of its own Avalon rigs back under its control, tightening its grip on both equipment and output.
The Texas location matters. Low power costs within the ERCOT grid make it one of the most competitive mining regions in the U.S. Locking in that energy exposure signals confidence in long term network profitability.
The timing is notable. While some miners have recently sold down BTC reserves to manage liquidity, Canaan is expanding capacity instead. That suggests management sees value in increasing production rather than reducing exposure.
Bitcoin Price Prediction: The Major Support Held, Now Send It?
Bitcoin just bounced cleanly off the $64,000 support. That level did its job for now.
This is the decision point.
Source: BTCUSD / TradingView
If BTC builds momentum here and stays above the descending trendline, the next target sits around $71,000. Clear that, and $80,000 opens up, with $90,000 back on the table if continuation follows.
But if this bounce fades and price rolls over again, a second test of $64,000 becomes dangerous. Support levels weaken with repeated hits.
A clean break below would likely drag BTC toward $60,000, where the broader macro base sits.
New Bitcoin Presale Brings Solana Technology to The BTC Blockchain
Bitcoin Hyper ($HYPER) is a new presale built to make Bitcoin faster and cheaper to use.
This Bitcoin-focused Layer-2, powered by Solana technology, brings speed, lower fees, and real on-chain functionality while preserving Bitcoin’s core security.
It takes Bitcoin from being just a chart you watch all day and turns it into something you can actually use, payments, staking, real apps, the whole thing.
And this is not just hype. The Bitcoin Hyper presale has already raised over $31 million, with $HYPER sitting at $0.0136751 before the next price jump.
Staking rewards are going up to 37% right now, which definitely grabs attention.
If Bitcoin explodes, Bitcoin Hyper moves with it. If Bitcoin keeps moving sideways, Bitcoin Hyper still benefits from activity on the network. Either way, it is not just sitting there waiting for candles to move.
To buy HYPER before it lists on exchanges, simply visit the official Bitcoin Hyper website and connect a wallet (such as Best Wallet).
Visit the Official Bitcoin Hyper Website Here
The post Bitcoin Price Prediction: Major Miner Just Expanded in Texas: Is a Massive BTC Production Surge Coming? appeared first on Cryptonews.
