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Bernstein Cuts Price Targets on Seven Bitcoin Miners

Original: Bernstein Cuts Price Targets on Seven Bitcoin Miners After Democrats’ Texas Win Threatens AI Data Center Boom

Research firm Bernstein has lowered its price targets on seven bitcoin mining companies after Democrats won in Texas, a result analysts see as a threat to the boom in AI data centers that many miners have been pivoting toward. The move reflects concerns that the new political landscape could slow permitting and power availability for large-scale computing facilities, hitting a key growth avenue for miners beyond bitcoin itself.

Why now: Investors are reacting to the political shift in Texas threatening the AI data center expansion plans that bitcoin miners depend on for growth.

Bernsteinbitcoin minersTexasDemocratsAI data centers

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• Bernstein Cuts Price Targets on Seven Bitcoin Miners After Democrats’ Texas Win Threatens AI Data Center Boom · Yahoo Finance

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