JP Morgan Chase: Bitcoin miners turn to AI, share prices decouple from bitcoin trend
2025-10-23 21:33:12
Analysts at JPMorgan Chase pointed out that the market value of recently listed bitcoin mining companies has risen sharply since July, while the price of bitcoin has remained volatile, indicating that the stock price of mining companies has decoupled from the trend of bitcoin. Analysts said that mining companies have increased investment in artificial intelligence infrastructure to obtain more stable and more profitable income, making stock prices more driven by AI themes than bitcoin prices. At the same time, due to the halving of bitcoin and rising energy and hardware costs, mining companies have increased profitability pressure. Large mining companies can flexibly allocate computing power between bitcoin and AI, while small mining companies explore other businesses such as Ethereum and Solana.
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