Morgan Stanley says these two stocks will more than double as they pivot from bitcoin to data centers

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Morgan Stanley initiated coverage on bitcoin miners Cipher Mining and TeraWulf with “overweight” ratings, predicting their shares could more than double. The investment firm believes both companies will benefit significantly from pivoting their operations from bitcoin mining to data centers, addressing the high demand for “time to power” solutions driven by AI compute shortages. Despite the recent downturn in bitcoin, analysts see this strategic shift as a key driver for upside potential, although they acknowledge potential challenges such as credit issues and conversion costs.

BTC-2,8%
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