The Mining Pod | Blockspace Media JPMorgan Says Buy These Bitcoin Mining Stocks
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Oct 7, 2025 Discover JPMorgan's intriguing insights on Bitcoin mining stocks shifting towards AI and high-performance computing. The hosts delve into valuation models, highlighting the price targets for companies like Cipher and Riot. They discuss the significance of Core Scientific’s benchmark co-location deal and how it influences the market. Learn about Iron's unique self-operated cloud model versus traditional co-location strategies, plus revenue comparisons that could affect future investments. It's a deep dive into the evolving landscape of crypto mining!
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AI Pivot Is Repricing Miners
- JPMorgan's note re-rated bitcoin miners based on AI/HPC execution and expectations.
- Markets are valuing companies differently depending on concrete AI deals versus execution-stage plans.
CoreWeave–Core Scientific Set The Benchmark
- Will recounts the CoreWeave–Core Scientific LOI and its role as a precedent for co-location deals.
- That initial deal set the benchmark for subsequent miner AI pivots and valuations.
Use Models Not Headlines
- Treat bank price targets as conservative, time-stamped estimates rather than market ceilings.
- Focus on underlying EV, adjusted EBITDA, and DCF assumptions instead of headline targets.