Odaily Planet Daily News 🌍
Against the backdrop of Bitcoin price fluctuations, analysts at market research and brokerage firm Bernstein have found some interesting trends. The share prices of mining companies such as Core Scientific, IREN and Terawulf have outperformed competitors that focus solely on Bitcoin mining. 📈
Analysts point out that these mining companies have performed well because they not only focus on Bitcoin mining, but also dabble in the field of artificial intelligence. Investors are confident in the diversification of these mining companies' business models, believing that they have higher valuation multiples, more predictable revenue sources, and greater flexibility in the turbulent Bitcoin market. 🤖
In addition, large miners are willing to raise funds or accept equity dilution to invest in capital expenditures and expand their market share in Bitcoin mining, rather than liquidate their Bitcoin holdings. Although artificial intelligence is seen as a distraction, these mining companies are not currently shifting their production capacity to artificial intelligence. 🔍
In general, despite the turbulence in the market, Bitcoin remains the focus of investors, especially in the context of the diversification of mining companies.