Crypto Miners Focused on AI Hold Significant Potential, Says Bernstein
CryptoNewsTerminal Staff18 Sep, 2024
Crypto Miners Focused on AI Hold Significant Potential, Says Bernstein
Cryptocurrency mining companies that focus on artificial intelligence (AI) technology have considerable potential, according to a recent report by Bernstein, a US Wall Street investment bank. Despite fluctuations in the price of Bitcoin (BTC), mining companies like Core Scientific (ticker: CORZ), Iris Energy (NASDAQ ticker: IREN), TeraWulf (ticker: WULF), and Riot Platforms (ticker: RIOT) are thriving. By diversifying their business models and increasing profitability, these companies have earned the trust of investors. Bernstein's analysis also highlighted the outperformance of Riot Platforms, Core Scientific, and Iris Energy in terms of investment recommendations.
