{"id":16159,"date":"2024-08-16T16:43:35","date_gmt":"2024-08-16T13:43:35","guid":{"rendered":"https:\/\/forklog.com\/en\/bernstein-sees-bright-future-for-public-bitcoin-miners\/"},"modified":"2024-08-16T16:43:35","modified_gmt":"2024-08-16T13:43:35","slug":"bernstein-sees-bright-future-for-public-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bernstein-sees-bright-future-for-public-bitcoin-miners\/","title":{"rendered":"Bernstein Sees Bright Future for Public Bitcoin Miners"},"content":{"rendered":"

Analysts at Bernstein have rated the shares of mining companies Riot Platforms, CleanSpark, IREN<\/span>, and Core Scientific as outperforming the market. This was reported by The Block<\/a>.<\/p>\n

This rating suggests a forecast of above-average growth for these firms, with an investment recommendation to buy. <\/p>\n

The prospects for the securities of MARA<\/span> were deemed by experts to be in line with market expectations.<\/p>\n

Specialists considered a range of key industry metrics, as well as the firms’ strategies in the field of AI.<\/p>\n

According to Bernstein, MARA, Core Scientific, and CleanSpark lead in cryptocurrency generation volumes. The latter two stand out in terms of realized hashrate (equipment uptime). <\/p>\n

Riot lags behind this trio in production and efficiency but compensates with energy credits.<\/p>\n

\n

“CleanSpark and IREN are in the best position in terms of energy efficiency and uptime,” the analysts noted.<\/p>\n<\/blockquote>\n

In terms of available capacity, they highlighted Core and Riot. The latter owns a flagship mining facility in Corsicana, Texas, with 1 GW. In July, the company acquired Block Mining, gaining access to 60 MW with the potential to expand to 300 MW.<\/p>\n

IREN has every chance to catch up with the leaders soon, as it is building “two mega-facilities” in Texas.<\/p>\n

Core provides the highest hashprice<\/span> in the sector, surpassing Riot and CleanSpark. MARA is gradually improving this metric as it transitions from a hosting model to self-mining, experts noted.<\/p>\n

Core is also a clear leader in AI strategy implementation, thanks to a 12-year, $3.5 billion contract with CoreWeave. <\/p>\n

In this regard, analysts also highlighted IREN as a “promising story.” In July, the company launched a pilot project for high-performance computing and hired Morgan Stanley as a financial advisor to monetize services in this area.<\/p>\n

Earlier, Bernstein suggested that U.S. miners could experience a Goldilocks scenario<\/span> amid the potential return of Donald Trump to the presidency.<\/p>\n

In early August, analysts at BlocksBridge Consulting noted critically low profitability in bitcoin mining as prices fell below $50,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Bernstein have rated the shares of mining companies Riot Platforms, CleanSpark, IREN, and Core Scientific as outperforming the market. This was reported by The Block. This rating suggests a forecast of above-average growth for these firms, with an investment recommendation to buy. The prospects for the securities of MARA were deemed by experts […]<\/p>\n","protected":false},"author":1,"featured_media":16158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1252,1221],"class_list":["post-16159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-reports","tag-stocks"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16159"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16158"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}