IREN - Bitcoin To Hit $200K In 2025: Analysts Say Core Scientific Iren Energy Will Outperform | Benzinga
Analysts at research and brokerage firm Bernstein have initiated coverage on Core Scientific (NASDAQ:CORZ) and Iren Energy (NASDAQ:IREN) with an outperform rating and reiterated their $200,000 price target for Bitcoin (CRYPTO: BTC).
What Happened: The analysts, Gautam Chhugani and Mahika Sapra, highlighted the firms’ hybrid bitcoin mining and AI data center strategies as key factors, The Block reported. They pointed to Core Scientific’s recent 12-year deal with AI firm CoreWeave, projecting $3.5 billion in revenue, and IREN’s Nvidia GPU deal with AI startup Poolside as examples.
Bernstein set a price target of $17 for Core Scientific, representing a 64% upside, and $26 for Iren Energy, a 78% upside.
The analysts believe Core Scientific now leads the Bitcoin miner AI data center ...