AI contracts, not bitcoin, now drive miner valuations, and Cipher and TeraWulf look cheap
CoinDesk·
60-second summary
Markets are underestimating the value of AI data center pipelines, with billions of dollars in signed leases going unnoticed. Analysts Michael Donovan and Ed Engel from Compass Point highlight that AI contracts, not bitcoin, are driving miner valuations.
Compass Point analysts Michael Donovan and Ed Engel said markets are giving little credit to future AI data center pipelines despite billions of dollars in signed leases.