Kevin Dede

Join John Todaro, Managing Director at Needham & Company with expertise in Bitcoin mining and AI, and Kevin Dede, Senior Research Analyst at H.C. Wainwright, as they delve into the evolving landscape of Bitcoin mining. They explore why miners are pivoting to AI, the implications of Wall Street valuing them as data infrastructure, and the potential red flags investors should watch for. The duo critiques hashprice trends and discusses the financial pressures facing miners while pondering if rising AI demand can justify the massive infrastructure investments.

Kevin Dede, Managing Director and Senior Technology Analyst at H.C. Wainwright, provides insights on bitcoin miners transitioning to AI and high-performance computing. He argues that AI presents a larger growth opportunity than traditional mining, discussing the implications of recent deals, like IREN’s partnership with Microsoft. Dede also analyzes the failed CoreWeave-Core Scientific merger, offering perspectives on financing models and the potential for future AI-miners. He concludes by identifying promising miners with AI exposure, emphasizing the strategic importance of joint ventures.

Kevin Dede, Managing Director and Senior Technology Analyst at H.C. Wainwright, brings insights into the evolving landscape of bitcoin miners pivoting to AI. He discusses how AI-driven opportunities are outpacing traditional mining, emphasizing the benefits of the Powershell model over neo-cloud solutions. Dede also dives into the implications of recent AI deals, including the failed CoreWeave merger, and highlights the potential for U.S. mining operations to thrive. With an exciting competitive field, he predicts that the race for AI-miners is just getting started.