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AI contracts, not bitcoin, now drive miner valuations, and Cipher and TeraWulf look cheap, says analyst

AI contracts, not bitcoin, now drive miner valuations, and Cipher and TeraWulf look cheap, says analyst

Compass Point analysts Michael Donovan and Ed Engel said markets are giving little credit to future AI data center pipelines despite billions of dollars in signed leases.

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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