
JPMorgan Says Core Scientific Deal Resets Valuation Bar for Bitcoin Miners
Body: A watershed moment: JPMorgan analysts believe the CoreWeave acquisition of Core Scientific sets a new valuation anchor at around $20.40 a share for Bitcoin miners—though it may be a unique case . Why it matters:This deal highlights the evolving perception of mining companies. With power assets repurposed for AI and HPC, they’re increasingly seen…