Bitcoin Miners With Enticing Energy Contracts Are Potential M&A Targets, JPMorgan Says

Mergers and acquisitions are heating up within the mining sector, after the halving. On Tuesday, shares of Core Scientific (CORZ) surged increased after cloud computing agency CoreWeave signed a 200 megawatts (MW) synthetic intelligence cope with the bitcoin miner, and was additionally reported to have made a proposal to purchase the corporate in an all-cash deal. In the meantime, one other giant bitcoin miner, Riot Platforms (RIOT), made a hostile provide to purchase out peer Bitfarms (BITF) final month.