Discover 3 Potentially Strong Cryptos Even if Bitcoin Falls

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. While Bitcoin struggles to break the psychological barrier of 100,000 dollars, three significant companies are shifting their focus to artificial intelligence and other sectors.

Nebius: Embracing 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 collaborate with tech giants to overcome energy and computational bottlenecks, investing in brands such as autonomous vehicle developer Avride and educational technology company TripleTen. Additionally, Nebius is experiencing 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: Taking Steps into the Future with Artificial Intelligence

Although still largely reliant on Bitcoin mining, IREN is accelerating its transition into artificial intelligence services. The company is noteworthy for its 3.2 gigawatt energy capacity and a $9.7 billion agreement signed with Microsoft. While Bitcoin mining accounts for 97% of the company's revenue, artificial intelligence cloud services present an important growth opportunity.

Terawulf: Transitioning from Crypto Mining to AI Data Centers

Terawulf is preparing for its 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 lease signed with Fluidstack. Compass Point analysts indicate that this transformation could lead to an increase of $565 million to $1.13 billion in recurring annual revenue.

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