Bernstein analysts argue that bitcoin mining companies are increasingly positioned to benefit from the expansion of AI data centers, where access to electricity is becoming a key limiting factor. Across reporting from multiple outlets, Bernstein highlights that several listed miners control roughly 27 gigawatts (GW) of planned power and are tied to large-scale AI-related data center activity valued at about $90 billion. The analysts suggest this gives mining firms a strategic role as “power brokers” or critical suppliers for AI infrastructure, as data center developers compete for grid capacity and energy supply.\n\nThe positive view is reflected in Bernstein’s ratings and focus on specific companies. Reported mentions include IREN, Riot Platforms, CleanSpark, and Core Scientific, with Bernstein assigning an “Outperform” view to several of these names. Overall, the coverage presents the thesis that bitcoin miners’ existing or planned energy access could align with the growing compute demand driven by AI workloads, potentially improving their growth prospects as new data center projects move forward.