Jefferies
Core Scientific Faces Valuation Disconnect; PT Hiked to $22: Jefferies
The bank reiterated its buy rating on CORZ and raised its price target for the bitcoin miner to $22 from $16 to reflect the CoreWeave acquisition.
Bitcoin Mining Profitability Rose 2% in July Amid BTC Price Rally, Jefferies Says
A rising bitcoin price is seen as most favorable for Galaxy's digital assets business, while miners fight a rising network hashrate, the report said.
Mining Profitability Climbed Over 5% in June as Hashrate Fell, BTC Price Rose: Jefferies
The macro and regulatory backdrop has intensified investor interest in the sector and provided a fresh tailwind for mining firms, the report said.
Galaxy Positioned to Capture Favorable Regulatory Upside, Jefferies Says as It Initiates With Buy
Jefferies assigned Galaxy (GLXY) a buy rating and a $35 price target
Core Scientific, Bitcoin Miners Tumble on CoreWeave Buyout; Jefferies Says Price in Expected Range
The deal aligns with CoreWeave's post-IPO growth strategy, leveraging its strong equity position to drive large-scale M&A, according to the investment bank.
Bitcoin Mining Profitability Increased by Almost 20% in May, Jefferies Says
The rise in profitability was driven by a 20% increase in the bitcoin price, while the hashrate rose only 3.5%, the report said.
Bitcoin Mining Profitability Fell in April as Network Hashrate Rose: Jefferies
U.S.-listed miners also produced fewer bitcoin last month than in March.
From Early Michael Saylor Bet to Billions in Deals: How Jefferies Became a Crypto Powerhouse
The firm has advised on 120 transactions with over $150 billion of deal value across fintech, market structure, and exchanges since 2015.
Bitcoin Mining Profitability Down 7.4% in March as Prices, Transaction Fees Fell: Jefferies
Mining profitability worsened due to a 11.2% decline in the bitcoin price and a 9.1% slump in transaction fees, the report said.
U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies
Mining profitability increased last month as the rally in bitcoin outpaced the increase in the network hashrate, the report said.
