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CoinShares Bitcoin Mining ETF: Contract AI revenue supports buying

CoinNetwork
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Abstract generation in progress
CoinWelt news reports that CoinShares’ Bitcoin mining ETF believes that contract AI revenue supports buying (NASDAQ: WGMI). The market generally believes that this year Bitcoin miners are shifting to become AI infrastructure companies—this claim is correct, but it no longer has any clear advantage at present. Analyst statement: I/we have no positions in any company’s stocks, options, or similar derivatives mentioned in this article, and have no plans to initiate any such positions within the next 72 hours. This article is written by me independently, expresses my personal views, and has not received any compensation (other than compensation from Seeking Alpha). I have no business relationship with any company mentioned in this article. Seeking Alpha’s disclaimer: Past performance does not guarantee future results. This article does not provide any recommendation or advice on whether any investment is suitable for a particular investor. Any of the above views or opinions may not reflect Seeking Alpha’s overall position.
BTC-2.43%
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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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OrderBookPoet
· 5h ago
WGMI’s name is pretty funny, but the logic that miners are pivoting to AI infrastructure was something that traders could hype last year, and now there are too many similar narratives in the market, so the marginal returns are diminishing.
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CycleWatcher
· 5h ago
From Bitcoin miners to a shift toward AI data centers sounds impressive, but how much real money is actually behind the contracts that get signed? WGMI’s ETF has already risen a lot before, and the pullback now is totally normal. It’s advisable to wait until the quarterly data is released before deciding.
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TimeWood
· 6h ago
The advantages for miners doing AI really aren’t as clear as before anymore—power costs and chip supply are both issues. However, as long as AI demand is still there, compute power is hard currency, so I’m bullish on the few companies with long-term contracts. Personally, I think WGMI can be set up for regular DCA—don’t go all-in.
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CatHodler
· 6h ago
Yeah, it’s Seeking Alpha’s classic disclaimer again—everyone knows.
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MAConvergenceKing
· 6h ago
The author has no positions, yet still writes this in such detail—I can only say it’s with a good conscience. He said the advantages are no longer there, but I think this is an opportunity to get in; when others are panicking, I’ll pick up some chips.
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