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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bernstein analysts see bitcoin miners benefiting from approximately $90 billion in AI data center deals. Consequently, the firm issued 'Outperform' ratings for IREN, Riot, CleanSpark, and Core Scientific. The bullish outlook is driven by the fact that these miners possess the gigawatts of power capacity required for AI scaling, making them prime partners for data center expansion.
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Sign InThis optimism coincides with massive momentum in AI-related tech stocks, with industry leader Nvidia reporting record quarterly revenue of $26 billion in its latest earnings release. Compared to traditional data center operators, mining firms like IREN offer faster access to power grids, which per market data represents a critical competitive advantage amid global power supply constraints.
Regarding current levels, IREN closed at $9.24 and RIOT at $10.15 (close May 18, 2026) according to market data. Investors should monitor upcoming U.S. CPI inflation data in the economic calendar, as any significant shifts in macro indicators could impact risk appetite across both the crypto and technology sectors.
Update: Additional data reveals that Bitcoin mining firms control approximately 27 GW of planned power capacity. This substantial capacity is the core factor supporting these companies' ability to host high-performance computing and AI operations faster than traditional competitors.