JPMorgan Adjusts Bitcoin Miner Price Predictions Amid Improving Economics
JPMorgan has revised upward the price targets for several Bitcoin mining companies, signifying an optimistic outlook as mining profitability increases.
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JPMorgan has revised upward the price targets for several Bitcoin mining companies, signifying an optimistic outlook as mining profitability increases.
Riot Platforms reported a significant growth in bitcoin mining output and announced plans for new data centers in Texas to support AI initiatives.
Riot Platforms has appointed Jonathan Gibbs to spearhead its new data center initiative aimed at supporting AI and cloud computing.
Riot Platforms has secured a substantial credit line of $100 million from Coinbase, utilizing bitcoin as collateral for its expansion projects.
Riot Platforms reports significant increases in Bitcoin production and unveils plans for further expansion into AI capacities.
Riot Platforms has appointed new directors to facilitate its entry into artificial intelligence and high-performance computing sectors.
In January, Riot Platforms achieved its highest bitcoin production since December 2023, a noteworthy accomplishment amidst the general decline in the mining sector.
Riot Platforms, a prominent Bitcoin miner, has been targeted by D.E. Shaw, a major investment firm, following a similar investment by Starboard Value.
Starboard is urging Riot to pivot some of its mining operations towards high-performance computing capabilities.
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