Bernstein: Bitcoin miners are partners in building AI data centers

Brokerage firm Bernstein stated in a research report on Tuesday that Bitcoin miners are attractive partners to help build artificial intelligence (AI) data centers due to their available power and operational capabilities. The report pointed out that Bitcoin miners have obtained a large amount of power supply and currently control about 6 gigawatts (GW) of power access, which will reach 12GW by 2027. Miners are in a leading position in the "high-load power interconnection queue", so they can help potential partners save time in obtaining energy supply. Bernstein said it is expected that the top five Bitcoin miners in the United States will continue to integrate their scale and increase Bitcoin's global hash rate to around 25%, with a mid-term shift towards artificial intelligence. Hash rate represents industry competition and mining difficulty. The brokerage firm still favors Bitcoin and predicts that the asset will reach $200,000 by 2025, $500,000 by 2029, and surpass $1 million by 2033. After successfully launching an exchange-traded fund (ETF) for spot Bitcoin trading in the United States in January, the brokerage firm said its confidence has increased.