Bernstein cuts price targets on Bitcoin miners and AI hosts on tighter financing, Texas uncertainty

Bernstein cut its price targets on Bitcoin miners and AI hosts, citing tighter financing markets and Texas uncertainty, valuing AI colocation at 12x forward EV/EBITDA. Targets: IREN to $55 from $100, CIFR to $15 from $23, WULF to $20 from $36, CLSK to $11 from $24, RIOT to $18 from $35, CORZ to $19 from $32, MARA to $10 from $17.

Detected & updated continuously · Source: Nebula