JPMorgan lifts Bitcoin miner's price target after $9.1B Anthropic deal

Bitcoin mining is officially becoming a side hustle. Riot Platforms’ $9.1 billion deal with Anthropic proves that these companies are now more valuable as AI infrastructure landlords than as crypto producers. Investors are ditching the idea of miners as a "leveraged bet on Bitcoin" to treat them as power-grid gatekeepers for firms like AMD. If the real money is in leasing power to AI, does the actual Bitcoin even matter anymore? Or is this pivot a sign that mining is a dying business?
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