
JPMorgan reports a significant surge in investor interest in the Bitcoin mining sector following a major deal between Core Scientific and AI firm CoreWeave. The deal, which involves the delivery of approximately 70 MW of additional infrastructure for high-performance computing operations, is expected to enhance Core Scientific's earnings, adding an estimated $1.225 billion in projected cumulative revenue. This development has led to a notable increase in the market cap of 14 major Bitcoin miners by 22%, amounting to $4 billion. Additionally, miners with AI exposure, such as IREN, WULF, HUT, BTBT, and CORZ, have seen stock increases ranging from 8% to 27%. Meanwhile, Bitcoin's daily RSI has hit oversold levels not seen since August 2023, indicating a potential buying opportunity for long-term investors.





📣 Latest News: CoreWeave expands Core Scientific computing deal by $1.225B #news #cryptonews #crypto
[COINTELEGRAPH] CoreWeave expands Core Scientific computing deal by $1.225B $CORZ
1st oversold condition in #bitcoin since August of last year. Still in trend, historically important for $NDX trend. https://t.co/8PXRLU6Vrr