Bernstein Maintains Rating of Bitcoin Mining Firm IREN as "Outperform"

BlockBeats News, September 24th, according to The Block, IREN has recently shown strong performance, with its stock price increasing by over 500% in the past six months, surpassing MARA in market value to become the largest public Bitcoin miner.

However, this has not stopped analysts at research and brokerage firm Bernstein from more than tripling their price target on Wednesday, setting a new target of $75 per share and maintaining an "Outperform" rating—based on the expectation of "exponential" expansion in its AI cloud business.