Bernstein said it remains bullish on the Bitcoin mining sector and said that partnerships with miners are necessary for AI data centers facing computing power bottlenecks.

Hut 8 and IREN secured multi-billion-dollar AI data center contracts, driving Bitcoin mining stock rallies and signaling a sector-wide pivot

Bitcoin mining stocks climbed after Hut 8 and IREN unveiled major AI infrastructure deals, highlighting the sector’s growing shift into cloud computing and data centers.