Bernstein Hikes Bitcoin Miner Targets as AI Infrastructure Play Continues to Gain Momentum

Bernstein Hikes Bitcoin Miner Targets as AI Infrastructure Play Continues to Gain Momentum


Bitcoin BTC$108,030.57 miners are now an integral part of the artificial intelligence (AI) value chain, Wall Street broker Bernstein said in a note Monday updating its model for the sector.

The broker argued that miners’ large-scale power infrastructure and facilities have become critical to AI data centers, now seen as the biggest execution bottleneck for the fast-growing industry.

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