Discover 3 Promising Crypto Stocks Even if Bitcoin Drops

3 Crypto Stocks with Growth Potential Despite Bitcoin's Decline

Recently, Bitcoin's complex performance has raised concerns among investors, while some crypto mining stocks have managed to turn this situation into an opportunity. As Bitcoin struggles to break the psychological barrier of 100,000 dollars, three important companies are directing their efforts towards artificial intelligence and other fields.

Nebius: Artificial Intelligence and Crypto Mining

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

IREN: Stepping into the Future with Artificial Intelligence

While IREN is still largely dependent on Bitcoin mining, it is accelerating its transition into artificial intelligence services. The company draws attention with its 3.2 gigawatt energy capacity and a 9.7 billion dollar agreement signed with Microsoft. Although Bitcoin mining constitutes 97% of the company's revenue, artificial intelligence cloud services present significant growth opportunities.

Terawulf: Transitioning from Crypto Mining to Artificial Intelligence Data Centers

Terawulf is preparing to transition to artificial intelligence thanks to significant tech agreements. The company aims for an annual capacity increase of 250-500 megawatts with a 25-year rental contract signed with Fluidstack. Compass Point analysts estimate that this transformation could lead to an increase in annual recurring revenue of between 565 million and 1.13 billion dollars.

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