$48.4 million worth of highly concentrated “single-side” bets on mining stocks—traditional hedge funds are starting to take computing power assets seriously.

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MeNews
American fund Alpine Fox Capital lists Bitcoin mining company Cipher Mining as its top holding
ME News reports that Alpine Fox Capital's 13F filings as of the first quarter of 2026 show it holds approximately 3.76M shares of Cipher Mining, with a market value of about $48.4 million, making it the largest position in its disclosed portfolio; the total fund holdings amount to approximately $154 million. Additionally, it also holds about 750.5k shares of IREN, with a market value of approximately $25.7 million.
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