{"id":18315,"date":"2025-03-20T17:19:52","date_gmt":"2025-03-20T17:19:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18315"},"modified":"2025-03-20T17:19:52","modified_gmt":"2025-03-20T17:19:52","slug":"bitcoin-miners-core-scientific-riot-platforms-cleanspark-iris-energy-see-price-targets-slashed-bernstein","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18315","title":{"rendered":"Bitcoin Miners Core Scientific, Riot Platforms, CleanSpark, Iris Energy See Price Targets Slashed: Bernstein"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) <a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/25\/03\/44354793\/bitcoin-miners-hit-rock-bottom-valuations-slip-below-key-average-for-first-time-in-a-year\">miners have faced a challenging year<\/a>, but analysts at <strong>Bernstein <\/strong>remain optimistic, driven by a blend of AI opportunities and Bitcoin&#8217;s valuation support.<\/p>\n<p><strong>What Happened: <\/strong>In a report released on Thursday, Bernstein analysts revised their models for major Bitcoin mining companies, reflecting shifts in hash rates, AI\/high-performance computing (HPC) prospects, and steady Bitcoin price forecasts.<\/p>\n<p>The report highlights a growing institutional focus on miners&#8217; AI potential, even as their stock performance lags behind Bitcoin&#8217;s year-to-date correction.<\/p>\n<p>The Bernstein note points out that despite a 20-40% decline in miner stocks this year\u2014outpacing Bitcoin&#8217;s 10% drop\u2014cheap valuations and positive EBITDA projections for 2025 justify their Outperform ratings on several firms. <\/p>\n<p>The analysts point to updated hash rate estimates, power reallocations toward AI\/HPC, and new contracts as key drivers behind their revised price targets for miners.<\/p>\n<p>For <strong>Core Scientific<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CORZ#NASDAQ\">CORZ<\/a>), Bernstein set a price target of $17, down from an earlier estimate but still reflecting a 150.3% potential upside from its March 19 closing price of $8.68.<\/p>\n<p>The firm&#8217;s confidence stems from CORZ&#8217;s robust 590 MW data center contracts with CoreWeave, a significant player in AI computing. <\/p>\n<p>&#8220;Almost 45% of CoreWeave&#8217;s contracted power capacity is &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/03\/44421719\/bitcoin-miners-core-scientific-riot-platforms-cleanspark-iris-energy-see-price-targets-sla\" alt=\"Bitcoin\" miners core scientific riot platforms cleanspark iris energy see price targets slashed: bernstein>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) miners have faced a challenging year, but analysts at Bernstein remain optimistic, driven by a blend of AI opportunities and Bitcoin&#8217;s valuation support. What Happened: In a report released on Thursday, Bernstein analysts revised their models for major Bitcoin mining companies, reflecting shifts in hash rates, AI\/high-performance computing (HPC) prospects, and steady [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18315","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18315"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18315\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}