🚀 JPMorgan Report: Bitcoin Miners Surge Despite $BTC Decline 👀

😳 A recent report by JPMorgan reveals that investor interest is rapidly rising in Bitcoin mining following Core Scientific’s AI partnership with CoreWeave.

👉 After the announcement, the total market cap of 14 tracked miners surged by 22% ($4 billion).

🤔 However, BTC saw a decline of 7%, while the S&P 500 rose by only 3%.

⭐ This re-rating is undoubtedly brought about by Core Scientific’s 200 MW AI deal, which improved mining facilities’ alternatives and power access value.

🤩 On the other hand, Iris Energy stands first in high-performance computing (HPC) readiness, facilitating excess power capacity beyond BTC mining.

👉 Meanwhile, JPMorgan rated Riot Platforms positively for its focus on Bitcoin, but Digital and CleanSpark encountered cost challenges.

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