Why Bernstein Just Boosted Its Price Target for Bitcoin Miner IREN
Update: 2025-11-04
Description
Bernstein upgrades IREN, a Bitcoin miner and data center company, to outperform, citing its nine billion dollar cloud services agreement with Microsoft. Analysts highlight IREN's access to power sources as a key advantage, reinforcing the idea that Bitcoin miners are well-positioned in the AI industry. This deal follows a recent trend of tech companies partnering with Bitcoin mining specialists for AI workloads.
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