{"id":22286,"date":"2025-03-21T10:46:33","date_gmt":"2025-03-21T08:46:33","guid":{"rendered":"https:\/\/forklog.com\/en\/bernstein-lowers-2025-forecasts-for-bitcoin-miners-stocks\/"},"modified":"2025-03-21T10:46:33","modified_gmt":"2025-03-21T08:46:33","slug":"bernstein-lowers-2025-forecasts-for-bitcoin-miners-stocks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bernstein-lowers-2025-forecasts-for-bitcoin-miners-stocks\/","title":{"rendered":"Bernstein Lowers 2025 Forecasts for Bitcoin Miners&#8217; Stocks"},"content":{"rendered":"<p>Analysts at Bernstein have reduced their target prices for the stocks of miners IREN, CleanSpark, and Riot Platforms for 2025. This was reported by <a href=\"https:\/\/www.theblock.co\/post\/347318\/bernstein-cuts-price-targets-for-bitcoin-miners-amid-underperformance-relative-to-btc-in-2025\">The Block<\/a>, citing the company&#8217;s report.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This year, bitcoin miners have experienced a painful correction (20\u201340%), while the cryptocurrency fell by 10%,&#8221; stated analysts led by Gautam Chhugani.<\/p>\n<\/blockquote>\n<p>Overall, the miners&#8217; stocks &#8220;did not significantly participate&#8221; in the rise of digital gold at the end of 2024 and showed poorer performance at the beginning of this year, the experts noted.<\/p>\n<p>Institutional interest in the sector was focused on AI\/<span data-descr=\"high-performance computing\" class=\"old_tooltip\">HPC<\/span> narratives rather than bitcoin production. However, in 2025, those who diversified their data centers the most, like IREN and Core Scientific, performed worse than &#8220;pure&#8221; miners such as Riot and MARA.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Screenshot-2025-03-20-at-13.webp\" alt=\"Screenshot-2025-03-20-at-13\" class=\"wp-image-254616\"\/><figcaption class=\"wp-element-caption\">Data: Bernstein.<\/figcaption><\/figure>\n<p>Analysts lowered the target price forecasts for the following companies:<\/p>\n<ul class=\"wp-block-list\">\n<li>IREN \u2014 from $26 to $20. The global hash rate growth negatively impacts the company&#8217;s cryptocurrency production rate and market share. It also faces cash outflows due to capital expenditures on expanding mining operations;<\/li>\n<li>CleanSpark \u2014 from $30 to $20. Alongside increasing cryptocurrency mining difficulty, the firm is experiencing reduced cash flows due to a shift towards a bitcoin accumulation strategy;<\/li>\n<li>Riot \u2014 from $22 to $19. Significant resource reallocation by the company towards AI\/HPC halts plans to expand mining capacities and directly affects revenue prospects.<\/li>\n<\/ul>\n<p>Bernstein maintained the price targets for MARA and Core Scientific unchanged at $23 and $17, respectively.<\/p>\n<p>Analysts cited high-budget energy contracts of Core with AI firm CoreWeave, as well as MARA&#8217;s profit from the fair value revaluation of its bitcoin reserve of 46,374 BTC ($3.95 billion).<\/p>\n<p>Back in February, Bernstein specialists predicted <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-predicts-new-bull-market-phase-for-bitcoin\">a new bull market phase<\/a> for the leading cryptocurrency. Key catalysts will be initiatives from the administration of U.S. President Donald Trump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Bernstein have reduced their target prices for the stocks of miners IREN, CleanSpark, and Riot Platforms for 2025. This was reported by The Block, citing the company&#8217;s report. &#8220;This year, bitcoin miners have experienced a painful correction (20\u201340%), while the cryptocurrency fell by 10%,&#8221; stated analysts led by Gautam Chhugani. Overall, the miners&#8217; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1643,1137,1211],"class_list":["post-22286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bernstein","tag-cryptocurrency-mining","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"54","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22286"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22285"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}