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Bitcoin mining firms TeraWulf, Hut 8 Mining Corp and Core Scientific rallied around 10% on the stock market after Donald Trump doubled down on his commitment to protect U.S. miners.
According to Glassnode.Chart, the conviction levelavalanche forecast crypto of the 0.01 largest bitcoin holders has been increasing since April, indicating a shift in market d
The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts.
U.S. listed bitcoin miners have access to large amounts of power, making them potential takeover targets for hyperscalers and AI firms, the report said.
Bitcoin miner Core Scientific is expanding its AI business through a $3.5 billion partnership with cloud company CoreWeave.