Bitcoin Miners Have Upside As Power Shells With Data Center Capabilities: Bernstein
Bitcoin Miners Have Upside As Power Shells With Data Center Capabilities: Bernstein
The Bitcoin (CRYPTO: BTC) mining industry is being reevaluated as a potential powerhouse in the energy sector, according to a new Bernstein report.
根据Bernstein新报告,比特币(加密: BTC)采矿行业正在重新评估,成为能源行业的一个潜在巨头。
What Happened: Bernstein analyst Gautam Chhugani and his team propose a novel perspective: "We believe bitcoin miners by focusing on an active power strategy and pushing the frontiers of power efficiency can make a stronger case for a valuation re-rating."
发生了什么:Bernstein分析师Gautam Chhugani及其团队提出了一个新颖的观点:“我们认为,比特币矿工通过专注于活跃的能源策略并推动能源效率的前沿可以更有说服力地证明估值再评级。”
This viewpoint encourages investors to see these companies not just as cryptocurrency miners, but as "efficient power shells with data center capabilities."
这一观点鼓励投资者不仅将这些公司视为加密货币矿工,而是视为带有数据中心能力的“高效电源外壳” 。
The report highlights a significant valuation gap, noting that miners currently trade at a 90% discount compared to general data center valuations.
报告强调了重大的估值差距,指出矿工目前的交易折扣比普通数据中心估值高90%。
This disparity presents a unique opportunity for investors willing to look beyond traditional metrics.
这种差距为愿意超越传统指标的投资者提供了独特的机会。
Recent developments have already begun to shift market perceptions.
最近的发展已经开始改变市场的看法。
Core Scientific's (NASDAQ:CORZ) 12-year AI deal with CoreWeave has sparked interest in alternative uses for Bitcoin mining infrastructure, particularly in AI and high-performance computing (HPC).
Core Scientific与CoreWeave的12年AI合同引起了对比特币挖掘基础设施替代用途(特别是AI和高性能计算(HPC))的兴趣,尤其是在以人工智能为特色的企业中。
While the core business remains Bitcoin production, companies like Riot Platforms (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK) and Iris Energy (NASDAQ:IREN) are positioned to expand their market share.
虽然核心业务仍然是比特币生产,但Riot Platforms、CleanSpark和Iris Energy等公司已经准备扩大市场份额。
Also Read: Bitcoin Demand From US Investors Wanes: 'Zoom Out And Size Accordingly,' Expert Tells Benzinga
此外还阅读一文:“美国投资者对比特币的需求减少:专家告诉Benzinga要Zoom出来并相应地调整规模”
The report suggests that these miners can boost their efficiency by upgrading to the latest ASIC hardware, potentially extracting more value from their existing setups.
该报告建议这些采矿工人可以通过升级到最新的ASIC硬件来提高其效率,从而可能从其现有设置中提取更多价值。
"Customization and innovation in mining systems and software can further boost efficiency," the Bernstein note adds, pointing to untapped potential in the sector.
Bernstein的笔记补充说:“挖掘系统和软件的定制和创新可以进一步提高效率,”指出该行业中尚未开发的潜力。
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Why It Matters: The analysis extends beyond mere hardware upgrades.
为什么这很重要:分析超出了单纯的硬件升级。
Bernstein rates companies like Iris Energy and CleanSpark highly for their power efficiency and uptime, while Core Scientific stands out for data center reliability.
Bernstein对Iris Energy和CleanSpark等公司的能源效率和正常运行时间评价很高,而Core Scientific则因数据中心的可靠性而脱颖而出。
Riot Platforms is expected to see efficiency improvements as it activates large power sites, and Marathon Digital's self-mining portfolio expansion could lead to efficiency recovery.
预计Riot Platforms将在启用大型电力站时看到效率改进,而Marathon Digital的自主采矿投资组合扩展可能导致效率恢复。
This evolving narrative around Bitcoin mining companies reflects a broader trend of reimagining traditional industries in the face of technological advancements.
比特币挖掘公司周围的这种不断发展的叙述反映了在技术进步面前重新想象传统行业的更广泛趋势。
As the sector continues to evolve, it raises intriguing questions about the future intersection of cryptocurrency, energy management, and high-performance computing.
随着该行业的不断发展,它引发了有关加密货币、能源管理和高性能计算未来交叉的有趣问题。
For those interested in delving deeper into these emerging trends and their implications for the digital asset landscape, Benzinga's upcoming Future of Digital Assets event on Nov. 19 promises to be a hub of cutting-edge discussions.
对于那些有兴趣深入了解这些新兴趋势及其对数字资产领域的影响的人,Benzinga于11月19日即将推出的数字资产未来活动将成为前沿讨论的重要中心。
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