Bitcoin Miners Have Upside As Power Shells With Data Center Capabilities: Bernstein
Portfolio Pulse from Murtuza Merchant
Bernstein's report suggests that Bitcoin miners, by focusing on power efficiency and data center capabilities, could see a valuation re-rating. Companies like Core Scientific, Riot Platforms, CleanSpark, and Iris Energy are highlighted for their potential to expand market share and improve efficiency.
July 25, 2024 | 5:52 pm
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POSITIVE IMPACT
CleanSpark is rated highly for its power efficiency and uptime, positioning it well for future growth in the Bitcoin mining sector.
CleanSpark's focus on power efficiency and uptime makes it a strong contender for growth in the evolving Bitcoin mining sector.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Core Scientific's 12-year AI deal with CoreWeave highlights its potential in AI and HPC, making it a standout for data center reliability.
The AI deal with CoreWeave positions Core Scientific as a key player in AI and HPC, enhancing its data center reliability and market perception.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Iris Energy is noted for its power efficiency, making it a strong candidate for market share expansion in the Bitcoin mining industry.
Iris Energy's power efficiency positions it well for expanding its market share in the Bitcoin mining industry.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Riot Platforms is expected to see efficiency improvements as it activates large power sites, potentially boosting its market share.
Activating large power sites will likely improve Riot Platforms' efficiency, making it more competitive in the market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80