Bernstein Upgrades CleanSpark to Outperform with $24 Target, Sets MARA Peer Perform

Bernstein assigns CleanSpark an outperform rating and $24 target, citing $6.6B in AI leases, while rating MARA peer perform with a $17 target due to lack of commercial AI contracts.

Woofun AI reports that Bernstein has assigned CleanSpark an 'outperform' rating with a $24 price target, contrasting this with a 'peer perform' rating and $17 target for MARA. The divergence stems from AI data center progress: CleanSpark holds $6.6 billion in 20-year AI lease agreements, while MARA remains without a secured commercial AI contract.