Wall Street bank JPMorgan (JPM) said the second quarter and summer of 2025 were transformative for bitcoin BTC$111,480.33 miners, marked by record cash operating profits and a pivot toward high-performance computing (HPC).
Cipher Mining’s (CIFR) 244 megawatt (MW) colocation deal with Fluidstack and IREN’s (IREN) expansion to more than 23,000 GPUs underscored that shift, the bank said in the Tuesday report.
STORY CONTINUES BELOW
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