Bitcoin (BTC) Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan (JPM) Says

Mergers and acquisitions are heating up in the mining sector, after the halving. On Tuesday, shares of Core Scientific (CORZ) surged higher after cloud computing firm CoreWeave signed a 200 megawatts (MW) artificial intelligence deal with the bitcoin miner, and was also reported to have made an offer to buy the company in an all-cash deal. Meanwhile, another large bitcoin miner, Riot Platforms (RIOT), made a hostile offer to buy out peer Bitfarms (BITF) last month.