BTC Miners Such as MARA, RIOT, HUT Are Playing a Survival Game, Mulling AI: Bernstein

The resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting from Blackrock, Fidelity and other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.