🔥Hot off the press! Bitcoin mining sector is buzzing with investor interest following Core Scientific's AI deal with CoreWeave. The total market cap of 14 miners tracked by JPMorgan has grown by 22%, a whopping $4 billion, since the announcement. Talk about a power surge! 💡

This deal highlights the alternative use cases for mining facilities and the value of power access. Iris Energy, with its excess power capacity and early adoption of high-performance computing (HPC) programs, is best positioned to seize this opportunity.

Cipher Mining, with attractive power costs and a strong operational history, is also in the game. However, it has a smaller power pipeline than Iris Energy. Riot Platforms, fully committed to bitcoin mining, hasn't shown much interest in HPC despite its power capacity.

What's your take on this? Is the future of bitcoin mining in diversification or sticking to the core? Let's chat in the comments! #BitcoinMining #BlockchainNews