Odaily News Brokerage firm Bernstein has lowered its target prices for several listed Bitcoin mining companies, including IREN, CleanSpark and Riot Platforms, as their share prices have far underperformed BTC so far this year. Analyst Gautam Chhugani explained that Bitcoin mining companies have experienced a painful adjustment this year, falling 20-40%, while Bitcoin has fallen 10%. Overall, the price trend of listed mining companies has been disappointing, with no significant gains in the fourth quarter of last year, and the performance so far this year has been worse than Bitcoin's adjustment. (The Block)