TechFlow news — JPMorgan stated in a research report on Thursday that bitcoin mining stocks will follow the performance of bitcoin's price, but warned they could face investor selling pressure, especially in the event of a shift toward bitcoin ETFs.
Nevertheless, the bank views any such sell-off as a buying opportunity, arguing that ETFs would not directly impact mining economics or alter competitive dynamics. JPMorgan believes bitcoin mining is entering a pivotal year, with Iris Energy (IREN) being its top pick for value exposure.
Analysts noted that mining stocks have surged significantly over the past three months. As of yesterday, the combined market capitalization of 14 U.S.-listed mining firms reached nearly $17 billion—up 131% since the end of September, compared to bitcoin’s 71% gain over the same period.
