Bitcoin Mining Industry Attracts Investor Interest Following Core Scientific and CoreWeave Collaboration

According to Odaily, a research report released by JPMorgan Chase on Monday indicated a surge in investor interest in the Bitcoin mining industry. This follows a collaboration between Core Scientific and artificial intelligence company CoreWeave. Since the announcement, the total market value of the 14 mining companies tracked has increased by 22%, equivalent to $4 billion, despite a 7% drop in Bitcoin prices and a slight 3% rise in the S&P 500 stock index. JPMorgan Chase stated that Cipher Mining, with a neutral rating, has attractive power costs and a strong operational history. However, its power capacity is smaller than that of Iris Energy. Riot Platforms, also rated as a buy by JPMorgan Chase, remains fully committed to Bitcoin mining. Despite having sufficient power capacity, the company has not shown much interest in High-Performance Computing (HPC).