Bernstein analysts have noted a significant increase in the popularity of miners who lease their computational power to developers of artificial intelligence (AI) solutions over the past few months. This trend is driven by the rapid growth of the AI industry, which demands substantial computing resources, making mining capacities a valuable asset.
Notable companies in this space include Core Scientific, IREN, and Terawulf, whose stocks are outperforming those of competitors that have not yet partnered with AI startups. These companies have capitalized on the growing demand for cloud computing for AI, allowing them to diversify their revenue streams and strengthen their market positions.
Although the hash rate of these companies is growing more slowly, their business model proves to be more profitable due to income from both mining and servicing AI projects. This enables them to reduce their dependence on the volatility of the cryptocurrency market, which is a key factor in maintaining stability amid constant price fluctuations.
Investors are increasingly favoring companies that collaborate with AI developers, seeing not only short-term benefits but also long-term competitive advantages. The adoption of AI technologies is viewed as an important step toward diversifying and expanding new business areas, making these companies more resilient and promising in the eyes of investors.
