Bitcoin (BTC) miners with attractive power contracts are potential M&A targets, JPMorgan (JPM) says.

Mergers and acquisitions are heating up in the mining sector following the halving. Shares of Core Scientific (CORZ) rose on Tuesday. It soared Cloud computing company CoreWeave has reportedly offered to acquire the company in an all-cash deal after it signed a 200MW artificial intelligence deal with a Bitcoin miner. Meanwhile, Riot Platform (RIOT), another large Bitcoin miner, made a hostile offer to buy fellow Bitfarm (BITF) last month.