Bernstein lowers target prices for multiple listed Bitcoin mining companies, while maintaining BTC's year-end target price of $200000 unchanged

Odaily Planet Daily News: Brokerage firm Bernstein has lowered target prices for several listed Bitcoin mining companies, including IREN, CleanSpark, and Riot Platforms, as their stock prices have underperformed BTC so far this year. Analyst Gautam Chhugani explained that Bitcoin mining companies have experienced painful adjustments this year, with a decline of 20-40%, while Bitcoin has fallen by 10%. Overall, the price trend of listed mining companies is disappointing, with no significant increase in the fourth quarter of last year, and their performance so far this year is even worse than Bitcoin's adjustment. （The Block）