The broker said it expects the U.S. bitcoin mining space to consolidate to around five large players.miner to attempt to consolidate the sector, and the company has a desire to build the world’s largest publicly listed mining company, broker Bernstein said in a research report on Tuesday.
“The bitcoin mining business is becoming tougher for smaller players, with limited capital to ramp up on the global hash power race,” analysts Gautam Chhugani and Mahika Sapra wrote. “If power becomes the biggest constraint to scale up artificial intelligence computation, we see bitcoin miners as a strategic asset controlling power, land and with significant operating capabilities in running data centers,” the authors wrote.
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