# CoinShares Blockchain Global Equity Index Falls 6.6% in One Week

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53149
Published: 2026-11-10T14:15:43.000Z
Updated: 2026-11-10T14:15:43.000Z
Section: Investing

> Cipher Digital, IREN and Hut 8 each lost more than 30% over seven days, while Riot Platforms gained 7.4%.

The CoinShares Blockchain Global Equity Index (BLOCK Index) fell 6.6% over the week, compared with a 2.1% decline in Bitcoin (BTC), as losses among mining-linked stocks put data-center approvals and power costs in focus.

Cipher Digital fell 31.5%, IREN dropped 31.3% and Hut 8 declined 30.8% over seven days. The moves were uneven: Riot Platforms rose 7.4% over the same seven-day period. The stock returns cover seven days, while the index and Bitcoin comparison covers the week.

Texas Gov.-elect Gina Hinojosa had pledged before the election to pause new data-center approvals until lawmakers establish protections for residents. The proposed pause has not taken effect. Concerns center on the potential for slower approvals and higher power costs; a longer review process could delay projects still awaiting clearance.

Several named sites already have approved power interconnections. Those include Riot's Rockdale and Corsicana sites and Cipher Digital's Reveille site in Texas. Cipher's Ulysses site is in Ohio, outside the Texas policy debate.

Hut 8's Beacon Point project faces a separate, existing Texas audit. Its Phase 1 baseload classification remains subject to that audit, distinct from Hinojosa's proposed pause.