Bitcoin Miners Could See Significant Revaluation as AI Data Center Demand Drives Over $90B in Infrastructure Partnerships

BTC0.64%
IREN-9.27%
RIOT-4.49%
CLSK-5.94%
According to research firm Bernstein released on May 19, bitcoin mining companies are becoming key participants in large-scale computing infrastructure amid surging AI data center demand, with the firm bullish on IREN, Riot Platforms, CleanSpark, and Core Scientific. Major cloud companies, AI service providers, and chip manufacturers have announced over $90 billion in AI infrastructure partnerships involving approximately 3.7GW of power capacity. Bernstein highlighted that miners collectively control over 27GW of planned power capacity, positioning them as strategically valuable for AI data center expansion. The firm assigned outperform ratings to the four miners, with IREN targeting $100 per share (implying approximately 98% upside) and CleanSpark targeting $24 per share (approximately 78% upside).
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