[Institution: AI data center demand may drive Bitcoin mining companies to re evaluate, announced over $90 billion cooperation] BlockBeats News: On May 19th, research firm Bernstein released a report stating that with the explosive demand for AI data centers, Bitcoin mining companies are becoming important participants in large-scale computing infrastructure, and are optimistic about the future performance of mining companies such as IREN, Riot Platforms, CleanSpark, and Core Scientific. The report points out that currently, ultra large scale cloud vendors, AI cloud service providers, and chip companies have announced over $90 billion in AI infrastructure cooperation, involving approximately 3.7GW of power capacity. Bernstein stated that "following the Gigawatts" is becoming the core of AI infrastructure competition, and the large-scale power resources controlled by mining companies have strategic value. Analysts have given IREN, Riot, CleanSpark, and Core Scientific a "outperforming the market" rating, with IREN's target price of $100, indicating approximately 98% upside potential compared to the current stock price; CleanSpark's target price is $24, corresponding to approximately 78% upside potential. The report states that Bitcoin mining companies currently control over 27GW of planned power capacity, and in some parts of the United States, the new 1GW power access cycle may take up to 50 months, making existing mines important locations for AI data center expansion. Bernstein also mentioned multiple AI collaboration cases, including IREN planning a 5GW AI computing power park based on Nvidia's AI Factory architecture, and Riot reaching a maximum of 200MW AI data center cooperation with AMD. However, analysts also warn that the industry still faces challenges such as environmental reviews, grid capacity, and regulatory approvals. At the same time, if mining companies excessively shift their computing resources to AI, they may also miss out on the benefits of the future Bitcoin bull market cycle. [Original link]