TechFlow news, according to Coindesk, brokerage firm Bernstein reported that bitcoin miners, due to their abundant power supply and operational capabilities, have become ideal partners for building artificial intelligence (AI) data centers. Bernstein has given outperform ratings to miners Iris Energy and Core Scientific, with a target price of $17.
Bernstein stated that the five largest U.S. bitcoin mining companies are expected to continue consolidating scale and grow to account for around 25% of global bitcoin hash rate, with a mid-term strategic shift toward AI. Bernstein forecasts bitcoin's price to reach $200,000 in 2025, $500,000 in 2029, and surpass $1 million by 2033.
Add to Favorites
Share to Social Media
