Bernstein analysts, who started to make analyses about Bitcoin mining companies in recent weeks, stated that this time they expect “outperform” from 4 companies in the future.

The company, which published a positive report on IREN and Core Scientific in July, put RIOT and CleanSpark companies next to these 2 Bitcoin miners in its latest report.

Hash cost, AI strategy and BTC production…

Bernstein analysts stated that they think these 4 companies will show superior performance in the future, and that they predict that Marathon Digital will move in line with market expectations.

The report stated that Marathon, Core Scientific and Clanspark are the 3 largest Bitcoin producers, while Cleanspark and Core Scientific are also the companies with the largest hash rate.

It was written that although RIOT Platforms lagged behind in the effective use of production and energy, it closed this gap with energy credits and increases in production last month. As it is known, RIOT relieves the grid by stopping its devices in unfavourable weather conditions in summer and winter seasons, but in return, it receives incentives from the state.

“IREN may catch up in the future as it reportedly “has two mega sites in the works”

The Bernstein report, which positions CleanSpark and IREN companies at the strongest level in terms of operational activities and energy, wrote that IREN has established two large facilities in Texas and this creates a great advantage for the future. As it is known, IREN and Cleanspark are mining Bitcoin with clean energy sources.

Stating that Core Scientific and IREN (formerly Iris Energy) are leaders in artificial intelligence strategies, analysts stated that IREN is a ‘promising’ company, especially in terms of hash power capacity and artificial intelligence.

The 2 companies had recently started to lease their computing power to some artificial intelligence companies.