Bernstein Assigns "Outperform" Ratings to IREN, RIOT, CLSK Amid $90B AI Data Center Deals

GateNews
IREN-4.77%
RIOT-2.2%
CLSK2.21%
BTC-0.74%
According to Bernstein research on Tuesday, analysts assigned "Outperform" ratings to Iris Energy (IREN), Riot Platforms (RIOT), CleanSpark (CLSK), and Core Scientific (CORZ), citing bitcoin miners' positioning within AI infrastructure expansion. The firm cited more than $90 billion in announced AI deals covering roughly 3.7 gigawatts of capacity, while miners collectively control over 27 gigawatts of planned power capacity. IREN's target price of $100 implies 98.1% upside from Monday's $50.46 close, CLSK's $24 target implies 78.5% upside from $13.44, and RIOT's $25 target implies 7.8% upside from $23.18. MARA Holdings maintained a "Market Perform" rating with an $23 target, implying 88.8% upside from $12.18.
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