🔥🔥🔥 Revolution in BTC Mining: JPMorgan Highlights New Energy Deals and Acquisitions‼️
➡️ JPMorgan analysts stated in their new report that there may be important developments that may change the balances in Bitcoin mining. The report stated that mining companies with attractive energy contracts could be acquired by hyperscalers and artificial intelligence companies. This trend led to an increase in mergers and acquisitions in the industry after the Bitcoin halving.
➡️ The recent agreements made by major mining companies such as Core Scientific (CORZ) and Riot Platforms (RIOT) attract attention. While CoreWeave signed a 200 MGW artificial intelligence deal with Core Scientific, Riot Platforms also made an aggressive bid to acquire Bitfarms (BITF). JPMorgan predicts that these developments will have a major impact on companies such as Iris Energy (IREN).
➡️ JPMorgan also stated that this new class of customers, Hyperscalers, could increase the value of subscale mining operators and make the Bitcoin network more efficient by shifting power capacity away from miners. Bitcoin miners listed in the US are estimated to have a total of 5 GW of power and have access to an additional 2.5 GW, making them attractive targets.
🔥🔥🔥 These developments in the Bitcoin mining industry may herald big changes in the industry in the future‼️
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