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

Bitcoin (BTC) 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. Every U.S.-listed bitcoin miner the broker covers has pivoted toward maximizing the value of its power assets rather than betting on ...