JPMorgan: Bitcoin mining companies turning to AI, stock prices depeg from Bitcoin trends

Golden Finance reported that JPMorgan analysts pointed out that the market capitalization of recently listed Bitcoin mining companies has risen significantly since July, while Bitcoin prices have remained volatile, indicating that mining companies' stock prices have decoupled from Bitcoin's movements. Analysts state that mining companies are increasing investments in artificial intelligence infrastructure to obtain more stable and higher profits, making stock prices more driven by AI themes rather than Bitcoin prices. At the same time, due to the impact of Bitcoin halving and rising energy and hardware costs, mining companies are facing increased profitability pressure. Large mining companies can flexibly allocate computing power between Bitcoin and AI, while small mining companies are exploring other businesses such as Ethereum and Solana.

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· 8h ago
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· 13h ago
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