“Bernstein analysts reduced the target prices for shares of Iren, Cleanspark and Riot Platforms for 2025. About it writes The Block with reference to the company report. “This year, bitcoin extras survived painful correction (by 20-40%), while cryptocurrency fell by 10%,” said analysts led by Gautam Chugani. In general, the quotations of the miners “significantly did not participate” in the growth of digital gold at the end of 2024 and showed the worst dynamics at the beginning […]”, – WRITE: Businessua.com.ua
Bernstein analysts reduced the target prices for shares of Iren, Cleanspark and Riot Platforms for 2025. About it writes The Block with reference to the company report.
“This The year of bitcoin extras survived a painful correction (by 20-40%), while cryptocurrency fell by 10%, ”analysts led by Gautam Chgugan said.
In general, the quotations of the miners “did not participate significantly” in the growth of digital gold at the end of 2024 and showed the worst dynamics at the beginning of this, experts said.
The institutional interest in the segment was focused on si si/HPCnot in the production of bitcoin. However, in 2025, players such as Iren and Core Scientific, who diversified their dates-centers, showed worse results than “clean” owners such as Riot and Mara.
Source: Bernstein.
Analysts have reduced the target prices for the stock of the following companies:
- Iren – from $ 26 to $ 20. The growth of global hashkelet has a negative impact on the rate of production by the company of cryptocurrency and its market share. It also faces cash outflow due to capital expenditures for expanding mining operations;
- Cleanspark – from $ 30 to $ 20. In addition to increasing the complexity of cryptocurrency production, firms are reducing cash flows through the transition to a strategy of accumulation of bitcoins;
- Riot – from $ 22 to $ 19. A significant redistribution of resources in favor of the SI/HPC stops plans for capacity increase for production and directly affects the prospects of income.
Bernstein retained price guidance for Mara and Core Scientific Core at $ 23 and $ 17 respectively.
Analysts referred to Coreweave high-budgetary energy contracts with Coreweave AM, as well as Mara profit from a fair cost of its bitcoin reservo at 46 374 BTC ($ 3.95 billion).
Recall that in February, Bernstein experts predicted a new stage of the bovine market of the first cryptocurrency. The key catalysts will be the initiative of the US Presidential Administration Donald Trump.
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