🚨 BREAKING: Bernstein just slashed price targets on seven bitcoin miners by 35% to 54%.
The trigger: Democrat Gina Hinojosa's surprise win in the Texas governor's race — she wants to pause new data-center approvals until rules protect residents from higher power and water costs. More than half of the power capacity held or planned by the miners Bernstein covers sits in Texas, and financing conditions have tightened.
The cuts: IREN $100 → $55, CleanSpark $24 → $11, Riot $35 → $18, TeraWulf $36 → $20, Core Scientific $32 → $19, MARA $17 → $10, Cipher Mining $23 → $15.
Source: CoinDesk, Nov 4, 2026.
#Bitcoin #BitcoinMining #IREN #MARA #Riot #CleanSpark #CryptoNews #StockMarket #Zimbuck
The trigger: Democrat Gina Hinojosa's surprise win in the Texas governor's race — she wants to pause new data-center approvals until rules protect residents from higher power and water costs. More than half of the power capacity held or planned by the miners Bernstein covers sits in Texas, and financing conditions have tightened.
The cuts: IREN $100 → $55, CleanSpark $24 → $11, Riot $35 → $18, TeraWulf $36 → $20, Core Scientific $32 → $19, MARA $17 → $10, Cipher Mining $23 → $15.
Source: CoinDesk, Nov 4, 2026.
#Bitcoin #BitcoinMining #IREN #MARA #Riot #CleanSpark #CryptoNews #StockMarket #Zimbuck
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