Discover 3 Promising Crypto Stocks Even if Bitcoin Falls

3 Crypto Stocks with Growth Potential Despite Bitcoin's Decline

Recently, Bitcoin's complex performance has left investors pondering, while some crypto mining stocks have managed to turn this situation into an opportunity. While Bitcoin struggles to break the psychological barrier of $100,000, three major companies are shifting their focus towards artificial intelligence and other areas.

Nebius: Artificial Intelligence and Crypto Mining

Nebius stands out as one of the few crypto miners transitioning to AI data centers. The company aims to overcome energy and computing bottlenecks with technology giants and invests in brands like autonomous vehicle developer Avride and education technology company TripleTen. Additionally, Nebius has recorded significant revenue growth thanks to a $3 billion, five-year agreement signed with Meta Platforms. Analyst Goldman Sachs raised the target price for this stock from $137 to $155.

IREN: Stepping into the Future with Artificial Intelligence

While IREN is still largely dependent on Bitcoin mining, it is accelerating its transition into the AI services sector. The company stands out with its 3.2 gigawatt energy capacity and a $9.7 billion agreement signed with Microsoft. Although Bitcoin mining constitutes 97% of the company's revenue, AI cloud services also present a significant growth opportunity.

Terawulf: Transitioning from Crypto Mining to AI Data Centers

Terawulf is preparing for a transition to artificial intelligence through major tech agreements. The company aims for an annual capacity increase of 250-500 megawatts with a 25-year lease agreement signed with Fluidstack. Compass Point analysts suggest that this transformation could lead to an increase of $565 million to $1.13 billion in annual recurring revenue.

While the volatility in Bitcoin prices has affected the third-quarter results of these companies, their long-term AI goals have attracted Wall Street's interest. Investors should engage in a careful monitoring process to assess the potential of these stocks.