Bernstein Updated Bitcoin Miners

Bernstein's New Strategy in Bitcoin Mining

Bernstein noted that Bitcoin miners traded on the U.S. stock exchange have shifted their focus from Bitcoin earnings to monetizing their power infrastructure.

The financial institution has changed its old discounted cash flow valuation model to a sum of the parts approach to reflect the impact of artificial intelligence server and data center exposure.

The broker has updated its price targets as well. Corzinc (CORZ) price target has been raised from $17 to $24. Riot Blockchain (RIOT) target increased from $19 to $25, while CleanSpark (CLSK) was updated from $20 to $24.