Bitcoin Holds $76.8K as Bernstein Backs Miners on AI Boom

Bitcoin trades near $76.8K with neutral technicals as institutional focus shifts to miners’ AI pivot. The narrative began May 4 when Needham raised CleanSpark’s target on hyperscaler talks, accelerated May 5 with Interhash’s hybrid AI-BTC servers and HIVE’s $30 million contracts plus $115 million raise, then expanded as miners sold $1.2 billion of BTC to fund deals including MARA’s $1.5 billion Long Ridge acquisition. On May 18 HIVE unveiled a CAD 3.5 billion, 320 MW Canadian AI campus; Bernstein now highlights $90 billion in AI infrastructure opportunities and miners’ 27 GW pipeline, offsetting regulatory headlines such as a nine-year Ponzi sentence.