WULF, MARA, CLSK, IREN Rally After Bernstein Says Bitcoin Miners Poised To Benefit From AI Boom: Report

Bitcoin (BTC) miners extended gains in pre-market trading on Friday after Bernstein analysts said they are emerging as unexpected beneficiaries of the artificial intelligence and high-performance computing boom. 

The firm cited miners’ access to high-density, pre-secured power capacity as a key advantage in a note cited by The Block. Iren (IREN) jumped as much as 6% after Bernstein named it a top pick with an ‘Outperform’ rating and $75 price target. On Stocktwits, retail sentiment around IREN’s stock continued to trend in ‘extremely bullish’ territory but chatter dipped to ‘high’ from ‘extremely high’ levels over the past day.

TeraWulf (WULF), CleanSpark (CLSK), and Marathon Digital (MARA) also rose in pre-market trade and were among the top trending tickers on the platform, at the time of writing. Terawulf’s stock rose as much as 8.5%, while CleanSpark’s stock rose more than 6% and Marathon’s stock gained 2%. 

Retail sentiment around WULF’s stock on Stocktwits rose to ‘extremely bullish’ from ‘bullish’ territory as chatter also jumped to ‘extremely high’ from ‘high’ levels over the past day. Sentiment around CLSK remained in ‘bullish’ territory, accompanied by ‘high’ levels of chatter. While MARA also saw ‘high’ levels of message volume, retail sentiment around the miner dipped to ‘neutral’ from ‘bullish’ over the past day.

The rally came despite Bitcoin’s price trading flat in early morning trade at around $121,500, with retail sentiment trending in ‘bullish’ territory amid ‘high’ levels of chatter over the past day.

Bernstein said miners’ pre-secured power capacity positions them as key partners for AI cloud providers struggling with interconnection delays and grid congestion. Microsoft (MSFT), for instance, is likely to face data center shortages that will continue into 2026, which is longer than expected, according to a report by Bloomberg. 

The firm noted that miners have collectively secured more than 14 gigawatts of grid-connected power, much of it in areas with surplus renewable energy. This potentially cuts AI data center build times by as much as 75% giving miners a head start over greenfield developers who face multi-year interconnection queues, it said. 

"Bitcoin miners began securing power infrastructure early (2019–21)," Bernstein said, which provides them an edge to now offer scalable power capacity and infrastructure already designed for compute-intensive operations.

“Access to the grid has become a very scarce resource in the U.S.,” the analysts wrote, arguing that miners’ early investments now make them strategic partners for hyperscalers and AI infrastructure providers. They added that Bitcoin miners are bridging the two compute economies of volatile Bitcoin mining and stable AI infrastructure hosting. 

Read also: BNB, Solana Lead Decline Among Major Tokens As Bitcoin Consolidates Near $121K

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