IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
Bernstein analysts see IREN’s AI cloud prospects growing substantially in the coming years—and its Bitcoin business disappearing entirely.
The market is likely to react negatively to the news, leading to a decline in IREN's stock price and a potential bearish sentiment in the Bitcoin market as concerns over mining profitability grow.
Bernstein analysts see IREN’s AI cloud prospects growing substantially in the coming years—and its Bitcoin business disappearing entirely.
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