Bernstein ratings: Riot, Core Scientific lead

In a recent report by Bernstein, several major Bitcoin mining firms have received significant evaluations that could influence investor decisions. Riot Platforms, CleanSpark, IREN, and Core Scientific have been rated as “outperform,” indicating that these companies are expected to exceed market expectations, according to Theblock.

The report highlights their strong production, operational efficiency, and innovative artificial intelligence strategies as key drivers of their success. Conversely, Marathon Digital has been rated as “market perform,” suggesting average expected performance compared to its peers. Bernstein’s analysis emphasizes that while Marathon remains a large player, its hash costs and efficiency improvements are still works in progress. This latest assessment could reshape investment strategies in the ever-competitive Bitcoin mining sector.