AICointelegraphabout 3 hours ago
Bitcoin mining deals key for AI power crunch
1 min read
Bernstein analysts remain overweight on Bitcoin mining stocks, citing growing partnerships to address AI data center power constraints. July saw a new AI-related deal every week, with combined deals exceeding 7.5 gigawatts or $150 billion in contracts. Hut 8 announced a $9.8 billion AI data center lease, and IREN disclosed $2.8 billion in cloud contracts.
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