IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
In brief Bernstein cut IREN’s price target from $125 to $100 amid Bitcoin mining scale-down and share dilution, while keeping an Outperform rating. IREN is...
Tag : IREN
Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business
IREN could become the next major Bitcoin miner to transition into AI infrastructure following its multi-billion-dollar deal with Microsoft, underscoring a broader shift in mining...