The earnings reports keep coming. This week, Riot Platforms, the fourth largest Bitcoin miner by market capitalization, is expected to release number 6, as will Core Scientific.
Like many of their peers, both men are using their experience running large data centers and negotiating power supply deals to expand into AI. Core, whose proposed $9 billion purchase of CoreWeave (CRWV) fell through in October, barely mentions digital asset mining on its homepage. It will be interesting to see how much of its business still comes from this source.
The US jobs report for February will also be due this week. The world’s largest economy is expected to have added 60,000 nonfarm jobs last month, according to the consensus estimate from Trading Economics.
Traders will also be watching the war in the Middle East, which saw the United States and Israel strike Iran in what President Donald Trump called “major combat operations” targeting the country’s ballistic, naval and nuclear infrastructure.
Iran responded by attacking various countries in the region that host U.S. military bases. The conflict intensified with the participation of Iranian-backed militias. Trump said it was expected to last “four to five weeks,” so an earlier-than-expected truce could bring back risk appetite.
What to watch
(All times ET)
- Cryptocurrency
- March 2: SuperRare releases Delirium, a new collection by artist Xer0x
- March 2: Mantra’s OM token will become MANTRA with a 1:4 coin split as the Mantra chain moves from v6 to v7.
- March 3: launch of the SolCex mobile application on Google Play and the Apple App Store.
- March 4: Qubic begins testing parallel dogecoin mining and AI training
- Macro
- March 2, 10:00 a.m.: ISM US manufacturing PMI for February est. 52.3 (previous 52.6)
- March 3, 5:00 a.m.: flash of the euro zone inflation rate year-on-year for February (previous 1.7%); Core YoY (previous 2.2%)
- March 3, 7:30 p.m.: Australian GDP growth rate quarter-on-quarter for the fourth quarter (previously 0.4%)
- March 3, 8:30 p.m.: Chinese NBS manufacturing PMI for February (previous 49.3)
- March 4, 8:15 a.m.: ADP employment change in the United States for February (previous 22,000)
- March 4, 10:00 a.m.: US ISM Services PMI for February (previous 53.8)
- March 4, 2:00 p.m.: Beige book of the American Fed
- March 5, 8:30 a.m.: first unemployment claims in the United States for the week ending February 28 (prev. 212,000)
- March 5, 8:30 a.m.: Quarter-on-quarter US non-agricultural productivity estimate for the fourth quarter (previous 4.9%)
- March 5, 4:30 p.m.: US Fed balance sheet update for the period ending March 4
- March 6, 8:30 a.m.: US nonfarm payrolls for February est. 60,000 (previous 130,000)
- March 6, 8:30 a.m.: US unemployment rate for February (previous 4.3%)
- March 6, 8:30 a.m.: Average hourly wage in the United States for February (previous 0.4%)
- March 6, 8:30 a.m.: U.S. Retail Monitoring Group MoM for January (previous 0.0%)
- March 8, 8:30 p.m.: China year-on-year inflation rate for February (previous 0.2%)
- Earnings (Estimates based on FactSet data)
- March 2: Riot Platforms (RIOT), post-market, -$0.32
- March 2: Core Scientific (CORZ), post-market, -$0.18
- March 6: Metalpha (MATH), pre-market
- March 9: Sharplink (SBET), pre-market, $0.31
- March 11: Exodus Movement (EXOD), pre-market, $0.14
Token Events
- Votes and calls on governance
- PoolTogether DAO votes to resubmit and manually execute the remaining actions for stopping PTBR-35 governance after a previous runtime error. Voting closes on March 2.
- Angle DAO votes on an orderly liquidation of EURA and USDA stablecoins, offering users a one-year 1:1 buyback period followed by a final settlement airdrop. Voting closes on March 2.
- GMX DAO votes to transition to a defined leadership model by hiring a CEO with performance-related compensation and forming an interim management committee to guide the restructuring. Voting closes on March 2.
- ShapeShift DAO votes to appoint PTT as Tokenomics Workflow Leader for a six-month term, fully compensated in FOX tokens to eliminate stablecoin costs. Voting closes on March 3.
- Decentraland DAO votes to explore automatic execution of approved proposals and soft duration limits for signer keys while maintaining emergency monitoring. Voting closes on March 3.
- Uniswap DAO is voting on two related proposals to expand v2 and v3 protocol fees to eight Layer 2 networks and enable a new tier-based fee system across all v3 pools. Voting closes March 4-5.
- ENS DAO votes to replace three Oracle DNSSEC algorithms to fix a critical RSA signature forgery vulnerability and significantly reduce gas costs. Voting closes on March 4.
- Gnosis DAO votes to award a grant to fund the ongoing support, infrastructure and maintenance of the Revoke.cash security platform. Voting closes on March 5.
- Unlocks
- March 5: Ethena (ENA) will release 2.24% of its circulating supply worth $18.35 million.
- March 6: Hyperliquide (HYPE) will release 2.72% of its circulating supply worth approximately $288.77 million.
- Token Launches
- March 8 or before: Chiliz (CHZ) will deploy protocol revenue to buy back and burn CHZ tokens.
- March 8 or before: WhiteBit Token (WBT) will be listed on Kraken.
