Matthew Sigel, Head of Digital Asset Research at VanEck, told CNBC in a recent interview that the firm is now targeting businesses with real cash flow, where electricity and computing capacity directly generate revenue.
The spotlight is on miners who are using their farms not just for Bitcoin mining but also for data centers and AI-driven projects.
According to Sigel, VanEck’s actively managed ETF fund NODE has climbed 32% since its launch, while Bitcoin has dropped roughly 32% over the same period.
The company credits this performance to investments in crypto infrastructure firms: the fund is now backing businesses that turn electricity and computing power into tangible income.
Miners As a Tool for Energy Balancing
After a long stretch of underinvestment, power grids are now grappling with a sharp spike in consumption. This pressure is intensified by the rapid growth of AI, expanding data centers, and rising energy demands from the broader digital ecosystem. In this environment, mining farms play an added role: their equipment can be quickly powered down during peak periods, freeing electricity for other users.
Sigel stressed that this flexibility makes miners a crucial part of the energy system — not just another slice of the crypto market — and a compelling option for institutional investors seeking both yield and infrastructure value.
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