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๐ฐ [Bernstein Downgrades IREN Target Price Due to Shift from Bitcoin Mining to AI]
Bernstein analysts believe that IREN's AI cloud business will see significant growth in the coming years, while its Bitcoin business will disappear entirely.
Bernstein's analysts have finally woken up. IREN's broken mining machine business should have been tossed into the history trash bin long ago; AI cloud computing is the real money printer. Bitcoin mining? Thatโs old news from 2018. Running code faster than mining machines, with profits so high Wall Street can't understand. This move is purely a data-driven inevitable choice. ๐๐๐๐๐