Bernstein stamps several bitcoin miners with “outperform” ratings: “An integral part of the AI value chain”
Bernstein analysts have given "outperform" ratings to several Bitcoin mining companies, including IREN, Riot Platforms, CleanSpark, and Core Scientific, viewing them as integral to the AI value chain. The report highlights that these miners, with their substantial planned power capacity, are well-positioned to provide compute capacity for hyperscalers and neoclouds in a power-constrained AI landscape. Despite the positive outlook, some industry experts caution that a successful transition to AI infrastructure requires specific conditions like low-cost energy, flexible power agreements, and significant capital, rather than just a PR move.
https://sherwood.news/crypto/bernstein-stamps-several-bitcoin-miners-with-outperform-ratings-an-integral-part-of-the-ai-value-chain/