Bernstein gives cryptocurrency mining companies Iris Energy and Core Scientific an outperform rating

ChainCatcher news, the broker Bernstein's research report indicates that Bitcoin (BTC) miners are attractive partners for building artificial intelligence (AI) data centers due to their available power and operational capabilities. Consequently, the report gives the mining stock Iris Energy (IREN) an outperform rating with a target price of $26.

The broker also initiated coverage on Core Scientific with an outperform rating and a target price of $17. On Tuesday morning, Iris Energy's stock price was $13.40, and Core Scientific's stock price was $9.79.