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Bernstein maintains a "Outperform" rating on the listed Bitcoin mining company IREN.
Odaily News The US-listed Bitcoin mining company IREN has shown strong momentum recently, rising over 500% in the past six months, surpassing MARA, and becoming the largest listed Bitcoin mining company by market capitalization. Bernstein has maintained its rating of “outperform” on the stock and has more than doubled its price target to $75 per share. IREN's stock price has risen over 305% year-to-date, as its artificial intelligence business matures and expands from the proof-of-concept phase to longer-term contracts, they expect its price-to-earnings ratio to further expand. (The Block)