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

J_News by J_News
June 5, 2024
in Crypto, Top News
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Bitcoin (BTC) Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan (JPM) Says
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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.



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