Bernstein Rates BTC Miners: Riot, CleanSpark, Iris Energy, Core Scientific Outperform

IconCryptoNewsTerminal Staff16 Aug, 2024

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Bernstein Rates BTC Miners: Riot, CleanSpark, Iris Energy, Core Scientific Outperform

Bernstein, a Wall Street investment bank, has rated several publicly traded Bitcoin (BTC) miners as "outperform". The ratings were reported by The Block on June 29, 2023. The miners that received the "outperform" rating from Bernstein are: Riot Platforms (RIOT) CleanSpark (CLSK) Iris Energy (IREN) Core Scientific (CORZ) Marathon Digital (MARA) was rated as "market perform" by Bernstein. According to Bernstein, the top three Bitcoin miners are Marathon Digital, Core Scientific, and CleanSpark. Bernstein positively assessed CleanSpark and Iris Energy for their operations and energy efficiency. The investment bank also considered Core Scientific to have the best-in-class hash cost. The ratings from Bernstein are a sign of confidence in the Bitcoin mining industry. The ratings also suggest that Bernstein believes that the miners are well-positioned to benefit from the long-term growth of Bitcoin.

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