Analysts at Bernstein, a market research and brokerage firm, say that amidst Bitcoin price volatility, mining companies like Core Scientific, IREN, and Terawulf have outperformed their competitors focused solely on Bitcoin mining due to increased confidence in their data center thesis. Analysts say the outperformance of AI-focused miners comes from increased investor confidence in their diversified business models, higher valuation multiples, more predictable revenue streams, and greater flexibility in the volatile Bitcoin market. (The Block)