Leading investment firm Bernstein has revised its 2025 price targets for key Bitcoin miners due to their underperformance and the growing interest in AI and HPC.
Revised Targets for Miners
Bernstein has reduced the expected price targets for stocks of miners like IREN, CleanSpark, and Riot Platforms. The adjustment comes as these companies' stock performance lags behind Bitcoin, causing investor concerns.
Institutional Focus on AI and HPC
In addition to mining, institutional investors are increasingly turning their attention to sectors such as artificial intelligence and high-performance computing. These industries are booming thanks to rapid advancements in generative AI, machine learning, and data-driven tech solutions.
Outlook for Bitcoin Miners in 2025
Miners face a dual challenge: outperforming Bitcoin itself and competing for capital with the surging AI and HPC industries. While some believe the next Bitcoin halving could support higher prices and mining profitability, others remain cautious.
Bernstein's revised forecasts reflect the view that crypto mining firms must adapt to remain competitive in a world increasingly shaped by AI-driven technologies.
