TLDR
- Jane Street Group disclosed passive stakes in Bitfarms, Cipher Mining, and Hut 8 between October 23 and 24, 2025.
- The trading firm acquired 5.4% of Bitfarms and 5.0% stakes in both Cipher Mining and Hut 8 Corp.
- Cipher Mining shares surged 13% on the filing date following the disclosure.
- Jane Street filed Schedule 13G forms indicating passive investment positions rather than activist intentions.
- The firm previously handled approximately $110 billion in crypto trading activity during 2023.
Jane Street Group acquired passive stakes in three bitcoin mining firms between Oct. 23 and Oct. 24, 2025. The trading giant disclosed holdings in Bitfarms Ltd., Cipher Mining Inc., and Hut 8 Corp through regulatory filings. Bitcoin mining shares rallied sharply as traders interpreted the move as institutional validation for the sector.
Jane Street Takes Passive Bitcoin Mining Stakes
The firm filed Schedule 13G forms showing 5.4% ownership in Bitfarms and 5.0% stakes in both Cipher and Hut 8. These documents confirm Jane Street holds passive positions rather than activist intentions in the bitcoin mining shares. The filings indicate the firm does not plan operational involvement despite the substantial ownership percentages.
Jane Street operates as a passive investor under the disclosed regulatory framework. The group maintains no activist agenda for the three mining companies. Market observers view the positions as confidence signals rather than control-seeking moves in bitcoin mining shares.
Industry participants noted the timing coincided with broader crypto market activity. The stakes represent calculated entries into publicly traded mining operations. Jane Street previously engaged in digital asset trading and ETF market-making activities.
Market Response Drives Trading Volume Higher
Cipher Mining stock jumped 13% on the filing date as bitcoin mining shares attracted renewed attention. Bitfarms and Hut 8 also posted gains following the disclosure. Trading volume increased significantly across all three companies as institutional interest sparked momentum.
The market reaction reflected trader confidence in Jane Street’s due diligence process. Prominent positions by established firms typically generate follow-on buying interest. Bitcoin mining shares benefited from the perceived endorsement by a central trading entity.
Jane Street previously handled approximately $110 billion in crypto trading activity during 2023. The firm serves as an authorized participant for spot Bitcoin ETF operations. These roles position Jane Street at the intersection of traditional finance and digital asset markets.
Mining companies face ongoing challenges, including the volatility of the Bitcoin price and rising energy costs. Regulatory scrutiny regarding power consumption continues across jurisdictions. Bitcoin mining shares remain sensitive to hardware expenses and operational efficiency metrics.
Institutional stakes bring credibility but also heightened performance expectations for bitcoin mining shares. The positions may form part of broader hedging strategies rather than simple directional bets. Analysts emphasize that mining stocks carry amplified volatility compared to direct bitcoin exposure.


