According to Foresight News, Bernstein, a brokerage firm, suggested in a research report on Tuesday that Bitcoin miners could be attractive partners in establishing artificial intelligence (AI) data centers due to their available power supply and operational capabilities. For the first time, Bernstein gave a market-beating rating and a target price of $26 to miner Iris Energy (IREN), and also rated Core Scientific as market-beating for the first time, with a target price of $17.
Bernstein anticipates that the top five Bitcoin miners in the United States will continue to consolidate their scale and increase the global hash rate of Bitcoin to around 25%, with a medium-term shift towards artificial intelligence. Bernstein remains bullish on Bitcoin, predicting that the asset will reach $200,000 by 2025, $500,000 by 2029, and exceed $1 million by 2033.