Bernstein has given IREN, Riot Platforms, CleanSpark, and Core Scientific an "Outperform" rating.

CoinFeed reported on May 19th that analysts at research and brokerage firm Bernstein stated that Bitcoin mining companies are benefiting from the growing demand for AI computing infrastructure as Google, Blackstone, and others drive the completion of over $90 billion in AI data center deals. Analysts gave IREN, Riot Platforms, CleanSpark, and Core Scientific an "Outperform" rating, with IREN having a target price of $100, representing approximately 98% upside from its current share price. Bernstein noted that mining companies already possess over 27GW of planned power capacity, while acquiring 1GW of new power in the US typically takes nearly 50 months, giving mining companies a scarce advantage in the expansion of AI data centers. The report also highlighted risks related to regulation, environmental protection, grid restrictions, and financing pressures.