AISeeking Alphaabout 3 hours ago
A Framework For Valuing Bitcoin Miners As AI Infrastructure
1 min read
VanEck's framework values bitcoin miners pivoting to AI infrastructure by energized power, delivery execution, and tenant quality. Names with leases command above 10x gross energized power, while pipeline sellers trade at 2-6x. Only ~25% of leased capacity has been delivered, with near-term funding needs far exceeding cash on hand.
Level
Hype check
Tap to vote and see what everyone thinks.
