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Bernstein rates CleanSpark Outperform as AI lease progress advances

Bernstein set a $24 target for CleanSpark while maintaining a $17 target for Marathon Digital as both firms push into AI-related plans.

Reported · Written up by our desk · Altcoins

The Block reports that Bernstein has turned more bullish on CleanSpark, citing progress on its AI leasing efforts.

Bernstein reiterated an Outperform rating for CleanSpark and assigned a $24 price target tied to its AI execution.

For Marathon Digital, Bernstein kept the firm at $17, noting MARA is still awaiting its first commercial AI contract.

The coverage frames the updates as part of each company’s broader push to convert AI-related work into commercial momentum.

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