Analyst issues ‘outperform’ rating on crypto stock after 800% rally

Bernstein analysts have granted an "outperform" rating to the popular Bitcoin mining company, IREN Limited (Nasdaq: IREN), on account of its robust power capacity amid the AI boom. Bitcoin mining is the process of using computing power to solve complex cryptographic functions to validate and add BTC transactions in order to add blocks to the blockchain network. Related: What is Bitcoin mining? Explained In terms of market capitalization, IREN is the world's leading Bitcoin miner with a cap of more than $1 ...