‘Follow the gigawatts’: Bernstein sees upside in several bitcoin miners amid $90 billion in AI data center deals

60-second summary

Bernstein analysts assign Outperform ratings to several bitcoin miners, citing upside from $90 billion in AI data center deals. The firms in question are IREN, Riot, CleanSpark, and Core Scientific. This development suggests a potential surge in demand for computing power, benefiting these miners and their shareholders as they capitalize on the growing AI infrastructure market.