Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein

bitcoin mining is a game of survival consolidation and potential ai diversification bernstein

The resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting from Blackrock, Fidelity and other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.

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