JPMorgan Chase (JPM) said in a research note on Wednesday that power demands from hyperscalers and artificial intelligence (AI) companies could make bitcoin mining companies potential acquisition targets. JPMorgan said the CoreWeave-Core Scientific deal confirms this. The report said that post-halving, M&A activity in the mining sector is heating up. Core Scientific (CORZ) shares surged after cloud computing company CoreWeave signed a 200 megawatt (MW) AI deal with the bitcoin miner and reportedly offered to buy the company in an all-cash deal. Meanwhile, another large bitcoin miner, Riot Platforms (RIOT), made a takeover offer for peer Bitfarms (BITF) last month. The bank estimates that U.S.-listed bitcoin miners consume up to 5 GW of power and have access to an additional 2.5 GW, "making them potentially attractive targets."