American Bitcoin buys 11,298 ASIC miners at depressed prices as rival miners pivot to AI, pushing its hash rate to 25 EH/s with nearly 59,000 machines.

Bernstein remains bullish on Bitcoin mining firms like IREN, Riot, and CleanSpark, who are all riding the wave of AI compute demand.

American Bitcoin buys 11,298 ASIC miners at depressed prices as rival miners pivot to AI, pushing its hash rate to 25 EH/s with nearly 59,000 machines.