Investor Interest in Cryptocurrency Mining Industry Rises Following Collaboration between Morgan Stanley and Core Scientific AI Company

According to a report by CoinDesk, JPMorgan (JPM) highlighted in a research report on Monday that the Bitcoin mining industry has attracted widespread attention from investors after Core Scientific (CORZ) and artificial intelligence company CoreWeave announced their collaboration. Following the announcement, the combined market value of the 14 tracked mining companies increased by 22%, reaching $4 billion, while the price of Bitcoin dropped by 7% and the S&P 500 stock index slightly increased by 3%. This collaboration not only triggered a reevaluation of the industry but also demonstrated investor recognition of the positive prospects in the mining industry.