Investment bank Bernstein analyzed that the value of Bitcoin mining companies and AI infrastructure companies that have already secured power capacity will increase as the state of Texas, USA, begins auditing data center power grid connection projects. According to The Block, Bernstein predicted, "As political opposition to new data centers grows and new power supply is restricted by state regulations, the scarcity of already approved power (MW) increases. In that case, it is reasonable to expect more revenue per MW." Based on this analysis, Bernstein maintained an 'Outperform' (overweight) rating on stocks of Cipher Mining (CIFR), CleanSpark (CLSK), Core Scientific (CORZ), IREN, Riot Platforms (RIOT), and Terawulf (WULF), and issued a 'Market Perform' (neutral) rating on Marathon Digital Holdings (MARA).
