Bitcoin miners abandon operations as HPC and AI data centers deliver $7.9M vs $1.9M cash flow per MW over five years, driving TerraWulf and Core Scientific exits.

JPMorgan forecasts hyperscalers spending 93% of operating cash flow on AI capex in 2026 versus 33% in 2023, framing spending as defensive prisoner's dilemma with AI industry impact on Bitcoin.

According to @QCompounding, stock prices in the long term are closely tied to company performance, emphasizing the importance of focusing on fundamentals such as earnings, profit margins, and cash flow. Traders are advised to disregard short-term market noise and concentrate on these core financial metrics to guide investment decisions.

According to @QCompounding, focusing on Owner's Earnings removes short-term market noise and reveals a truer picture of long-term profitability for clearer trading decisions, source: @QCompounding on X on Jan 10, 2026. Owner's Earnings is defined by Warren Buffett as reported earnings plus non-cash charges less required maintenance capital expenditures, a cash-based metric that underpins intrinsic value and supports computing an Owner's Earnings yield for equity screening and valuation during volatility, source: Berkshire Hathaway 1986 and 1992 Shareholder Letters.