---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41490082.md"
description: "📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Bitcoin miners best positioned in “time to compute” race, Bernstein says - $Terawulf(WULF.US) $Cipher Digital(CIFR.US) $Riot Platforms(RIOT.US) $CleanSpark(CLSK.US) $Bitfarms Canada(BITF.US) $Hut 8 Mining(HUT.US) 👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤  Bernstein starts coverage on 𝐓𝐞𝐫𝐚𝐖𝐮𝐥𝐟 and 𝐂𝐢𝐩𝐡𝐞𝐫 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 with Outperform ratings.➤  Firm says Bitcoin miners are well-positioned to meet growing 𝐀𝐈 𝐜𝐨𝐦𝐩𝐮𝐭𝐞 demand.➤  Miners have contracted 𝟔 𝐆𝐖 across 𝟏𝟕 deals worth over $𝟏𝟏𝟎𝐁.➤  Bernstein forecasts AI revenue across coverage universe rising from $𝟏.𝟐𝐁 to $𝟏𝟎.𝟕𝐁 by 𝟐𝟎𝟑𝟎.➤  TeraWulf receives a $𝟑𝟔 price target; AI revenue projected at $𝟏.𝟕𝐁 by 2030.➤  Cipher Digital receives a $𝟑𝟐 price target with an $𝟏𝟏.𝟒𝐁 contracted order book.➤  Both companies are expected to generate industry-leading 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧𝐬 from AI infrastructure.💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:“Bitcoin miners remain best positioned to solve ‘time to compute’ given their planned 30 GW power portfolio and operating ability to deliver ‘warm powered shells’ in time,” said Bernstein analyst Gautam Chhugani.The firm noted that Bitcoin miners have signed 17 AI infrastructure agreements totaling more than $110 billion over the last two years, representing approximately 10% of AI data center capacity currently under construction. Bernstein believes existing power access, development expertise, and speed-to-market advantages position miners as key beneficiaries of the expanding AI infrastructure buildout."
datetime: "2026-06-04T14:45:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41490082.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41490082.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41490082.md)
author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)"
---

# 📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Bitcoin miners best …


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