精选75The Block（RSS）加密货币
Bernstein：Core Scientific 75% AI 回报率是特例，非比特币矿企模板
Core Scientific’s 75% return on AI deal isn’t the template for bitcoin miners, Bernstein says
Bernstein pegs TeraWulf at 5% and Cipher at 4% stabilized ROA, calling Core Scientific's 75% figure a capex-advantaged outlier.
更进一步：量化金融体系
看懂新闻只是起点——沿量化金融路径，把它变成能交付的工程能力