You’ll Never Guess What Canaccord Thinks About Bitcoin Mining in 2025 🤑

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Buckle up, folks! 🎢

  • Canaccord reckons Bitcoin mining is gonna be as stable and profitable as a Phoebe Waller-Bridge character in 2025. 💰
  • Apparently, the cost to mine one Bitcoin is around $27,000 for the big players. That’s like, what, a tenner for the rest of us? 🤑
  • And get this, more AI co-hosting deals could be on the way. Because, you know, why not mix a little artificial intelligence into your cryptocurrency mining? 🤖

Bitcoin (BTC) mining is gonna be a walk in the park this year, according to Canaccord Genuity. 🚀 They reckon the economics of production are as solid as a rock, with the cost to mine a single Bitcoin sitting somewhere between $26,000 and $28,000. 💸

And get this, the world’s largest cryptocurrency was trading around $105,000 at the time of publication. That’s like, what, a 400% markup? 🤑 Cha-ching!

But wait, there’s more! 🤯 Apparently, management and investor attention is increasingly being drawn toward alternative uses for these companies’ sizable power supplies, especially artificial intelligence (AI) data center hosting. 🤖

Core Scientific (CORZ) already signed a 12-year contract with AI hyperscaler CoreWeave last June. And Canaccord reckons more co-hosting deals are on the way, with potential news from Galaxy Digital (GLXY) and Applied Digital (APLD). 🤝

Many of the larger publicly traded miners are also using their access to capital to upgrade their fleets following last April’s reward halving event. And this is apparently strengthening their competitive position and share of the network hashrate. 💪

So, in summary, Bitcoin mining is gonna be a piece of cake in 2025, with stable economics, profitable returns, and a whole lot of AI-powered shenanigans. 🤖 Buckle up, folks, it’s gonna be a wild ride! 🎢

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2025-01-22 12:51