CoinShares Renames WGMI ETF as Bitcoin Mining and Digital Power Fund
CoinShares has rebranded its US-listed mining ETF, WGMI, as the CoinShares Bitcoin Mining and Digital Power ETF. This change reflects a fundamental shift in the industry, where bitcoin miners are increasingly becoming operators of gigawatt-scale compute infrastructure essential for AI and high-performance computing.
The fund's investment universe has been broadened to include companies involved in hyperscale data centers, semiconductors, power generation, and energy infrastructure. At least 80% of the fund's net assets will be invested in these companies. The change is effective immediately, but the ticker remains unchanged at WGMI.
The move is a response to three converging forces: post-halving mining economics, hyperscalers facing multi-year lead times for infrastructure, and clarifying US regulatory developments that have reduced ambiguity around bitcoin and listed miners.