Earnings reports are still rolling in. This week, Riot Platforms, the fourth-largest bitcoin miner by market capitalization, is due to report, as is Core Scientific, No. 6.
Like many of their peers, the two are using their experience running large data centers and negotiating power supply deals to expand into artificial intelligence. Core, whose proposed $9 billion purchase of CoreWeave ( CRWV ) failed in October, barely mentions digital asset mining on its website. It will be interesting to see how much of its business still comes from that source.
Also this week is the US jobs report for February. The world’s largest economy is expected to have added 60,000 nonfarm jobs last month, according to the consensus estimate at Trading Economics.
Traders will also monitor the war in the Middle East, which has seen the United States and Israel attack Iran in what President Donald Trump called “major combat operations” targeting the country’s missile, naval and nuclear infrastructure.
Iran has retaliated with attacks on various countries in the region that host US military bases. The conflict has escalated with Iran-backed militias joining in. Trump has said it is expected to last “four to five weeks”, so an earlier-than-expected ceasefire could bring back risk appetite.
What to see
(All times ET)
- Crypto
- March 2: SuperRare releases Delirium, a new collection by artist Xer0x
- March 2: Mantra’s OM token will switch to MANTRA with a 1:4 coin split when the Mantra chain is upgraded from v6 to v7.
- March 3: SolCex mobile app launches on Google Play and Apple’s App Store.
- March 4: Qubic begins testing parallel dogecoin mining and AI training
- Macro
- 2 March at 10:00am: US ISM manufacturing PMI for February estimated 52.3 (prev 52.6)
- 3 March at 05.00: Eurozone inflation rate YoY flash for February (Prev 1.7%); Core year/year (previously 2.2%)
- 3 March at 7.30pm: Australia Q4 GDP growth QoQ (prev 0.4%)
- 3 March at 8.30pm: China NBS manufacturing PMI for February (prev 49.3)
- 4 March at 8:15 am: February US ADP hiring change (previous 22,000)
- 4 March at 10am: US ISM services PMI for February (prev 53.8)
- 4 March at 14:00: US Fed Beige Book
- 5 March at 8.30am: US initial jobless claims for week ending February 28 (previous 212,000)
- 5 March at 8:30 AM: US Non-Farm Productivity QoQ prel for Q4 (Prev 4.9%)
- 5 March at 4.30pm: US Fed balance sheet update for the period ending March 4
- 6 March at 8:30 am: US non-farm payrolls for February estimated. 60K (Previously 130K)
- 6 March at 8.30am: US unemployment rate in February (previously 4.3%)
- 6 March at 8:30 AM: US average hourly earnings for February (previously 0.4%)
- 6 March at 8:30 AM: US Retail Sales Control Group MoM for January (Prev 0.0%)
- 8 March at 20.30: China’s annual inflation rate for February (previous 0.2%)
- Earnings (Estimated 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
- Governance votes and calls
- The PoolTogether DAO votes to manually resubmit and execute the remaining actions for the PTBR-35 governance shutdown after a previous execution failure. Voting ends March 2.
- The Angle DAO votes for an orderly liquidation of EURA and USDA stablecoins, giving users a one-year 1:1 redemption period followed by a final settlement airdrop. Voting ends March 2.
- The GMX DAO votes for the transition to a defined management model by hiring a CEO with performance-based compensation and forming an interim management committee to guide the restructuring. Voting ends March 2.
- ShapeShift DAO votes to appoint PTT as Tokenomics Workstream Leader for a six-month period, fully compensated in FOX tokens to eliminate stablecoin costs. Voting ends March 3.
- Decentraland DAO votes to explore the automatic execution of approved proposals and soft signer key time limits while maintaining emergency oversight. Voting ends March 3.
- The Uniswap DAO votes across two linked proposals to extend v2 and v3 protocol fees to eight layer-2 networks and enable a new tier-based fee system across all v3 pools. Voting ends March 4 and 5.
- ENS DAO votes to replace three DNSSEC oracle algorithms to patch a critical RSA signature forgery vulnerability and significantly reduce gas costs. Voting ends March 4.
- The Gnosis DAO votes to provide a grant to fund the continued support, infrastructure and maintenance of the Revoke.cash security platform. Voting ends March 5.
- Unlocks
- March 5: Athena (ENA) unlocks 2.24% of its circulating supply, worth $18.35 million.
- March 6: Hyperliquid (HYPE) to unlock 2.72% of its circulating supply, worth about $288.77 million.
- The token is launched
- March 8th or earlier: Chiliz (CHZ) to implement revenue from the protocol for buying back and burning CHZ tokens.
- March 8 or earlier: WhiteBit Token (WBT) to be listed on Kraken.
