Morgan Stanley analysts: Two mining companies are expected to rise by more than 150% within a year
According to Odaily, Morgan Stanley analyst Stephen Byrd stated that although the price of bitcoin has dropped 44% since October, bitcoin mining companies have found new life as AI data centers. On Monday, Stephen Byrd initiated coverage of Terawulf and Cipher Mining, predicting that the share prices of the two companies will rise by 159% and 158%, respectively. Stephen Byrd pointed out that the core asset of mining companies is access to electricity, and AI companies are willing to pay a premium for electricity, with the economic benefits of AI business surpassing those of cryptocurrency mining. Currently, Terawulf has signed a 510-megawatt power agreement with Google, and Cipher Mining has reached similar collaborations with companies such as Amazon. In addition, Stephen Byrd gave MARA Holdings an underweight rating, believing that its AI strategy lacks focus.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC market cap briefly dropped out of the top 15 global assets
From $617 to $350: CVS Sets "Break-Even Price" for Weight-Loss Drugs, Says Pharmaceutical Companies Can Still Profit
An analysis of insurance claims data found that if GLP-1 drugs used for weight loss and diabetes are priced below $350 per month, payers—such as employers and plan sponsors—would achieve net savings due to a decrease in related healthcare service utilization.
Crypto prices
More
