CoinVoice has recently learned that according to CoinDesk, brokerage firm Bernstein said in a research report on Tuesday that Bitcoin miners are attractive partners to help build artificial intelligence (AI) data centers because they have available power and operational capabilities.
Recent AI deals, including Core Scientific’s (CORZ) 12-year agreement with CoreWeave and Coatue Management’s $150 million investment in Hut 8 (HUT), have been key catalysts for the sector, the report said.
Additionally, Bernstein initiated coverage of mining company Iris Energy (IREN) with an "outperform" rating and a $26 price target. The brokerage also initiated coverage of Core Scientific with an "outperform" rating and a $17 price target. Iris Energy was trading at $13.40 in early trading Tuesday, while Core Scientific was trading at $9.79. [Original link]
