TechFlow news, February 17 — According to CoinDesk, Bernstein Research's latest report shows that U.S.-listed Bitcoin mining companies' share of global network hashrate increased from 20% a year ago to 29% in January this year. Analyst Gautam Chhugani noted that these mining firms are leveraging their advantages in capital, land, and power supply to expand market share.
The report highlighted IREN as having the fastest hashrate growth, followed by CleanSpark, Riot Platforms, and MARA Holdings. Bernstein assigned "Outperform" ratings to IREN, CleanSpark, and Riot Platforms, with target prices of $26, $30, and $22 respectively; it gave MARA Holdings a "Market Perform" rating with a target price of $23. In terms of power efficiency and uptime, IREN, MARA Holdings, and CleanSpark stood out.
