Yield on mining stocks outperforms $BTC : JPMorgan

The aggregate market capitalization of US-listed mining companies has grown to $22,800,000,000

According to the conclusions of JPMorgan experts, the overall growth in shareholder value of mining companies can be attributed to the positive market reaction to the news of Core Scientific's deal with CoreWeave, a company specializing in the development of artificial intelligence technologies. CoreWeave intends to invest more than $300 million in Core Scientific's mining infrastructure, as well as to place mining equipment in its own data centers.
All 14 mining companies listed on the U.S. stock market are gradually increasing their share of the Bitcoin network hashreit. As a result, these companies now account for nearly 24% of the hashrate of the first cryptocurrency's global network, up nearly 1% from May. JPMorgan analysts see this as an encouraging sign that inefficient and low-margin mining companies are winding down their operations post-halving
#JPMorgan CoreScientific #CoreWeave Bitcoin