
Core Scientific’s 75% AI deal return seen as outlier by Bernstein, dwarfing rival miners
Core Scientific's unique AI deal highlights the importance of strategic partnerships and infrastructure readiness in maximizing returns for miners.

Core Scientific's unique AI deal highlights the importance of strategic partnerships and infrastructure readiness in maximizing returns for miners.

Bernstein pegs TeraWulf at 5% and Cipher at 4% stabilized ROA, calling Core Scientific's 75% figure a capex-advantaged outlier.

The skewed returns in AI colocation deals highlight the critical need for investors to scrutinize contract structures and customer reliability.

Bitcoin miners have spent the last year trying to answer a tough question: what else can all this infrastructure do? Core Scientific’s long-term hosting agreement with CoreWeave is one of the clearest answers yet. The h