Bitcoin mining stocks are among the most appealing investments in the cryptocurrency sector, according to Matthew Sigel, Head of Digital Asset Research at VanEck, during an interview with CNBC. According to Odaily, mining companies are actively redirecting Bitcoin computing power to serve the AI market, yet their market value per megawatt remains significantly undervalued compared to other data center peers. Sigel highlighted that after decades of insufficient supply, the power grid is now facing multiple demand shocks, and mining companies have recognized the capital return potential through transformation.
Core Scientific recently announced plans to sell most of its Bitcoin holdings this year to expand its AI and high-performance computing business. Riot Platforms CEO Jason Les stated that 2025 marks a strategic turning point for the company, aiming to enhance shareholder value by utilizing nearly 2 gigawatts of power resources for high-demand data center infrastructure. Over the past 12 months, Core Scientific's stock price has risen by 90%, Riot's by 91%, while MARA Holdings has seen a 35% decline due to higher mining costs and decreased block production.
Sigel also mentioned that VanEck's NODE ETF has increased by over 30% since its launch in May last year, with net assets reaching $56 million.
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