Coinbase (COIN), Other Bitcoin-Related Stocks Decline
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October 2, 2024 6:33 AM EDT
Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating and $5.00 price target on Bitfarms Ltd. (NASDAQ: BITF).
The analyst comments "Bitfarms (BITF) released its September operations update this morning (10/1). BITF mined 217 Bitcoin in September, coming in below our estimate of 254 Bitcoin and representing an ~14% decrease from August. The m/m decrease in production was primarily driven by the increase in average network difficulty by 1.2% in September. Operating hashrate remained relatively flat, as the company reported an operating hashrate of 10.3 EH/S in the quarter, a... More
October 1, 2024 4:16 PM EDT
Roth/MKM analyst Darren Aftahi initiates coverage on Iris Energy Ltd. (NASDAQ: IREN) with a Buy rating and a price target of $14.00.
The analyst comments "We launch on IREN with a Buy and $14 PT and believe it offers investors an attractive investment... More
