Earnings reports are still coming in. This week Riot Platforms, the fourth-largest bitcoin miner by market cap, is due to report, as is No. 6 Core Scientific.
Like many of their peers, the two are using their experience managing large data centers and negotiating power supply deals to expand into AI. Core, whose proposed $9 billion purchase by CoreWeave (CRWV) fell through in October, barely mentions digital asset mining on its homepage. It will be interesting to see how much of their business still comes from that source.
The US employment report for February will also be released this week. The world’s largest economy is expected to have added 60,000 non-farm jobs last month, according to the Trading Economics consensus estimate.
Traders will also be keeping an eye on the war in the Middle East, in which the United States and Israel attacked Iran in what President Donald Trump called “major combat operations” targeting the country’s nuclear, naval and missile infrastructure.
Iran has responded with attacks on several countries in the region that host US military bases. The conflict has been escalating and Iranian-backed militias have joined in. Trump has said it is expected to last “four to five weeks,” so an earlier-than-expected truce could restore risk appetite.
What to watch
(All times ET)
- Crypto
- March 2: SuperRare will release Delirium, a new collection by artist Xer0x
- March 2 – Mantra’s OM token will change to MANTRA with a 1:4 coin split as the Mantra chain upgrades from v6 to v7.
- March 3: The SolCex mobile app will debut on Google Play and Apple’s App Store.
- March 4: Qubic begins testing dogecoin parallel mining and AI training
- Macro
- March 2, 10:00 am: US ISM Manufacturing PMI for February estimated at 52.3 (previous 52.6)
- March 3, 5:00 am: Eurozone annual inflation rate for February (previously 1.7%); Core YoY (previously 2.2%)
- March 3, 7:30 pm: Australia’s quarter-on-quarter GDP growth rate for the fourth quarter (previously 0.4%)
- March 3, 8:30 pm: China NBS Manufacturing PMI for February (previous 49.3)
- March 4, 8:15 am: US ADP employment change for February (previous 22K)
- March 4, 10:00 am: February US ISM Services PMI (previous 53.8)
- March 4, 2:00 p.m.: US Federal Reserve Beige Book
- March 5, 8:30 am: US Initial Jobless Claims for the week ending February 28 (Previous 212K)
- March 5, 8:30 am: US nonfarm productivity pre-quarterly for Q4 (previous 4.9%)
- March 5, 4:30 pm: US Federal Reserve balance sheet update for the period ending March 4
- March 6, 8:30 am: US nonfarm payrolls for February est. 60K (previously 130K)
- March 6, 8:30 am: US unemployment rate for February (previous 4.3%)
- March 6, 8:30 am: US Average Monthly Hourly Earnings for February (previously 0.4%)
- March 6, 8:30 am: January MoM US Retail Sales Control Group (previous 0.0%)
- March 8, 8:30 pm: China’s February year-on-year inflation rate (previously 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), premarket, $0.31
- March 11: Exodus Movement (EXOD), pre-market, $0.14
symbolic events
- Governance votes and calls
- PoolTogether DAO is voting to resubmit and manually execute the remaining actions for the PTBR-35 governance shutdown after a previous execution error. Voting ends March 2.
- Angle DAO is voting on an orderly liquidation of the EURA and USDA stablecoins, providing users with a one-year 1:1 redemption period followed by a final liquidation airdrop. Voting ends March 2.
- GMX DAO is voting to transition to a defined leadership model by hiring a CEO with performance-linked compensation and forming an interim leadership committee to guide the restructuring. Voting ends March 2.
- ShapeShift DAO is voting to appoint PTT as Tokenomics Workflow Lead for a period of six months, compensated entirely in FOX tokens to eliminate stablecoin costs. Voting ends March 3.
- Decentraland DAO is voting to explore automatic execution of approved proposals and flexible term limits for signer keys while maintaining emergency oversight. Voting ends March 3.
- Uniswap DAO is voting on two linked 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 ends March 4 and 5.
- ENS DAO is voting to replace three Oracle DNSSEC algorithms to patch a critical RSA signature forgery vulnerability and significantly reduce gas costs. Voting ends March 4.
- Gnosis DAO will vote to provide a grant to fund the ongoing support, infrastructure and maintenance of the Revoke.cash security platform. Voting ends March 5.
- Unlock
- March 5: Ethena (ENA) will unlock 2.24% of its circulating supply worth $18.35 million.
- March 6 – Hyperliquid (HYPE) will unlock 2.72% of its circulating supply worth around $288.77 million.
- Token releases
- March 8 or earlier: Chiliz (CHZ) will use protocol proceeds to buy back and burn CHZ tokens.
- March 8 or earlier: WhiteBit Token (WBT) will appear on Kraken.
