Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Bernstein rates Bitcoin miners Riot, CleanSpark, IREN and Core Scientific as ‘outperform’
ADOPTION NEWS

Bernstein rates Bitcoin miners Riot, CleanSpark, IREN and Core Scientific as ‘outperform’

By Crypto FlexsAugust 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bernstein rates Bitcoin miners Riot, CleanSpark, IREN and Core Scientific as ‘outperform’
Share
Facebook Twitter LinkedIn Pinterest Email

In its Bitcoin Mining report released today, Bernstein rates Riot Platforms, CleanSpark, IREN, and Core Scientific as “outperform,” and Marathon Digital as “market perform.”

An Outperform rating is a positive assessment by an analyst suggesting that the stock will outperform the market or sector. Conversely, a Market Perform rating is a neutral assessment indicating average expected performance.

The evaluation is based on five key metrics: production and hash rate, operational and energy efficiency, power, hash cost, and each company’s AI strategy.

According to Bernstein, the three largest Bitcoin producers are Marathon, Core Scientific, and CleanSpark, the latter two standing out in terms of realized hashrate. Riot, meanwhile, lags behind in terms of production and efficiency, but has made up for it in the past month with power credits and improved production efficiency.

In terms of operational and energy efficiency, Bernstein argues that CleanSpark and IREN are “at the sweet spot of energy efficiency and realized hashrate/uptime.” The analysts also see Marathon improving uptime efficiency by switching to its own mining model.

Bernstein noted that Riot and Core Scientific are leaders in terms of operational power capacity, but IREN may catch up in the future as it reportedly has “two huge sites under development” in Texas.

Core Scientific is also “best in class” in terms of hash costs, primarily due to low power costs and strong uptime. Riot and CleanSpark lag behind Core Scientific in this metric, while Marathon continues to work on improving its hash costs.

Finally, Core Scientific is “a clear leader in AI strategy,” according to Bernstein, and has allocated significant resources to its data centers. The analysts say IREN remains a “promising” story in AI/HPC, as the Texas giant is available for deals with AI hyperscalers and has appointed Morgan Stanley to explore AI deals for these sites.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Kraken secures VASP registration from Netherlands Central Bank

February 8, 2024

Ethereum Scalability Research and Development Grant Program

March 12, 2024

Helm Ethereum NFT Collection Reactor Motors Appointed Film Director

March 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.