Bernstein Backs CleanSpark Over MARA in Bitcoin Mining AI Pivot
Bernstein is betting on CleanSpark over MARA as crypto miners scramble to convert power capacity into lucrative AI hosting deals.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Bernstein assigned CleanSpark an Outperform rating with a $24 price target.
- CleanSpark is making concrete progress securing AI data center lease deals.
- Rival miner MARA sits at a $17 price target while awaiting its first commercial AI contract.
Wall Street heavy Bernstein is picking favorites in the high-stakes scramble to flip power-hungry Bitcoin mining farms into AI data centers, and it clearly prefers CleanSpark over MARA.
Analysts slapped an Outperform rating and a $24 price target on CleanSpark, pointing straight to its actual progress on AI hosting leases. MARA got stuck with a lukewarm $17 target while Wall Street sits on its hands waiting for the firm to seal its very first commercial AI deal.
Miners are frantically trying to turn energy-dense sites into hubs for high-performance computing. CleanSpark is actively locking in contracts. MARA is still standing at the starting line.
Why it matters
Let's be real: mining Bitcoin gets harder and chops up profit margins after every single halving. Renting power capacity out to AI outfits gives these miners reliable, recurring cash flow that doesn't tank when crypto prices take a plunge. Follow the money—Wall Street rewards real execution over cheap promises. The miners cutting actual AI deals today are getting the fat valuations tomorrow.
Source: The Block
Top Crypto Casinos Right Now
🇩🇪 Showing sites that accept players from Germany Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
Sofia Marek
Sofia reviews exchanges and crypto casinos, focused on fees, safety and what actually reaches the player.
