Will Canny is CoinDesk's finance reporter.
Miners that focus on an active power strategy and efficiency are more likely to see a valuation rerating, the report said.
“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,” analysts led by Gautam Chhugani wrote. with cloud computing firm CoreWeave. The market is pricing in the potential AI and high-performance computing opportunity and the upside stemming from
There is also headroom in power efficiency and uptime, the note said, and miners can benefit from extracting more hashrate from their existing portfolios by upgrading their hardware to the latest generations of ASICs. TheIris Energy and CleanSpark rate well in terms of power efficiency and uptime, and Core Scientific ranks highly with regards to data center uptime, Bernstein said.
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