TechFlow news, September 26 — According to The Block, Australian multinational investment bank Macquarie has assigned an "outperform" rating to the stocks of several Bitcoin mining companies including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining. Analysts believe these firms are transitioning from a focus on cryptocurrency to artificial intelligence (AI) and high-performance computing (HPC) models.
Macquarie analysts Paul Golding and Emma Liang noted that Bitcoin miners have increasingly diversified their businesses in recent years, a trend that accelerated after Bitcoin's fourth halving in April this year. Some miners are leveraging their unique power infrastructure advantages to diversify into non-crypto-related hosting services, while others remain focused on accumulating Bitcoin assets.
