Core

Bitcoin

The Bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">mining industry</a> may be significantly undervalued. Utilizing data from Bernstein's latest analysis, the industry is expected to see a substantial increase in value due to strategic shifts toward AI and high-performance computing (HPC) <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/">data centers</a>, according to <a href="https://x.com/benemodi/status/1811103509791789121">Benemod</a>. 
Bernstein's report upgraded the price targets of Bitcoin <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/">mining companies</a> IREN and <a href="https://ultramining.com/news/en/bitcoin-mining-giant-core-scientific-prepares-for-post-bankruptcy-comeback/">Core Scientific</a> (CORZ) to $26 and $17, respectively. By 2027, <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/">Bitcoin miners</a> are projected to hold 12 gigawatts (GW) of power capacity, with approximately 2.5GW allocated to AI and HPC data centers. This allocation represents about 20% of their total power capacity. 
Traditional data centers have a valuation of around $32 million per megawatt (MW). Applying this valuation to the AI and HPC power capacity of Bitcoin miners results in an estimated $80 billion valuation for this segment alone (32M x 2500MW).&nbsp; 
Currently, the combined enterprise value (EV) of large publicly traded Bitcoin miners, excluding their held cryptocurrencies (HODLs), stands at roughly $20 billion. The anticipated growth in AI and HPC data centers suggests that the 20% power allocation by Bitcoin miners could potentially be worth four times the current EV of the industry by 2027. 
This projection does not account for the remaining 80% of power capacity dedicated to Bitcoin mining and other AI <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/">hosting</a> services, indicating even greater potential for the industry's valuation growth. As Bitcoin miners continue to diversify their operations, integrating AI and HPC could unlock significant value and drive the industry's future expansion.

Is the Bitcoin Mining Industry Massively Undervalued?

Ultramining_Eng

Các bài viết khác được xuất bản trên 12 thg 7, 2024

Top Airdrops for Earning Free Crypto

Suave Monkey Secures Victory With MoonBag’s Scalability – Shiba Inu and Arcblock Are Fading From ...

Shiba Inu Dev Shytoshi Kusama Invites Elon Musk For Sit-Out

VET Price Bullish as VeChain Unveils New VeBetterDAO GreenCart Partner Molino Bruno to Elevate Su...

MoonBag’s Best Crypto Presale in 2024 Outshines CGPT and METIS with Unique Presale Strategy and S...

Near Protocol (NEAR) Price To Surge 25% As Sentiments Turn Bullish?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!