Morgan Stanley is Evaluating Bitcoin Miners

Morgan Stanley Begins Shutdowns for Bitcoin Miners

Morgan Stanley has launched a review of three major bitcoin miners this week. They assigned an Overweight rating to Cipher Mining and TeraWulf, while giving Marathon Digital an Underweight rating.

The bank's analysts argue that Cipher Mining and TeraWulf should be viewed as infrastructure assets that provide long-term and stable cash flows. This approach presents a more robust investment perspective rather than a business model solely based on bitcoin mining.

On Monday, CIFR and WULF stocks experienced a sharp increase.