Analyst: Bitcoin Mining Stock Demand Rises

Analysts at H.C. Wainwright reported that institutional interest in Bitcoin mining equities is increasing following an investment conference in New York

Major publicly traded Bitcoin miners and industry executives, including Michael Saylor of MicroStrategy, convened at the HCW Annual Global Investment Conference.

Mike Colonnese, the firm’s Managing Director and Crypto Analyst, concluded that the primary observation was an increase in institutional involvement compared to previous years.

According to the analysts, the approval of spot Bitcoin ETFs in January, in conjunction with the growing demand for AI-driven power infrastructure, has sparked investor interest in Bitcoin mining equities and stocks, as stated in a note sent to crypto. news.

Bitcoin mining stocks

Industry insiders maintain that the mining sector is undervalued despite a 40% decline in mining equities since mid-July, in contrast to Bitcoin’s 10% decline. This presents potential investment opportunities in anticipation of the next bull market.

Major miners’ capacity expansions, efforts to enhance fleets with more efficient ASIC machines, and a resurgence in miners holding their Bitcoin assets were among the event’s key themes.

Furthermore, miners utilize their power infrastructure to diversify into AI and high-performance computation.

Targets for Bitcoin’s price

The panelists at the event were optimistic about the future of Bitcoin, predicting that prices would range from $100,000 to $250,000 in the next cycle. The average forecast for the end of 2025 was $144,000.

Michaël van de Poppe, Chief Investment Officer at MN Consultancy, stated in an X post on September 12th that he would not be astonished if Bitcoin reached $300,000 to $600,000 during this market cycle.

MicroStrategy, the company owned by Saylor, announced in September 13that it had maintained its Bitcoin acquisition strategy by purchasing 18,300 BTC for $1.11 billion between August and September 12

This increased the company’s total Bitcoin holdings to 244,800 BTC, acquired at an average price of $38,585 per coin.