Bernstein: Mining companies focusing on artificial intelligence have better stock performance

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ODAILY
09-18
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Odaily Odaily News: Analysts at market research and brokerage firm Bernstein said that against the backdrop of Bitcoin price fluctuations, the share prices of mining companies such as Core Scientific, IREN and Terawulf have outperformed competitors that only focus on Bitcoin mining due to increased confidence in the data center theory. Analysts said that the share prices of mining companies focusing on artificial intelligence have performed well, thanks to increased investor confidence in the diversification of their business models, higher valuation multiples, more predictable revenue sources, and greater flexibility in the turbulent Bitcoin market. (The Block)

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