💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Bitcoin mining stocks decouple from BTC price thanks to the AI wave: JPMorgan
According to analysts at JPMorgan, shares of publicly listed Bitcoin mining companies have risen to the sky since July, despite Bitcoin prices remaining flat, indicating that the correlation between the two is “clearly deteriorating.”
The reason comes from miners shifting towards the field of artificial intelligence (AI), bringing a stable source of revenue and higher profit margins compared to increasingly unattractive Bitcoin mining.
In the past, the stocks of Bitcoin mining companies were often seen as tools to reflect the price fluctuations of BTC, especially before the emergence of spot ETFs. However, now, the stock prices of these companies are more influenced by the “AI narrative” rather than the crypto market.
The report also indicated that miners' profits are under significant pressure following the halving event in April 2024, when the block reward decreased from 6.25 BTC to 3.125 BTC. JPMorgan estimates the average cost to mine 1 BTC is currently around 92,000 USD, and it could rise to 180,000 USD after the 2028 halving – considerably higher than the current price of Bitcoin (~109,700 USD).
Meanwhile, investing in computing infrastructure for AI helps large companies become more flexible, allowing them to switch capacity between Bitcoin mining and AI computing, while small businesses are having to find new directions, including establishing reserves of Ethereum and Solana like BitMine and BIT Mining.