TechFlow news, October 24 — According to DL News, Bernstein's latest research report reveals that bitcoin mining companies are trading at up to a 90% discount compared to artificial intelligence (AI) data centers on certain valuation metrics, though this gap may be narrowing. The report highlights that investors are increasingly recognizing the potential for bitcoin miners to grow by capitalizing on the AI boom.
In its annual deep-dive cryptocurrency report, Bernstein analysts noted that traditional data centers are valued at $30–50 million per megawatt, while bitcoin mining firms are valued at just $2–4 million per megawatt. Despite this significant valuation gap, more mining companies are now generating revenue by providing energy services to AI providers, aligning their business models more closely with those of traditional data centers.
The report emphasizes bitcoin miners' unique advantages in energy acquisition. In today’s environment of tight energy supply, miners can offer ready-to-use and low-cost power resources to AI cloud service providers, helping accelerate their market deployment. It is estimated that leveraging existing bitcoin mining sites could reduce the time to launch new data centers by 75%.
