Morgan Stanley has initiated coverage on Cipher Mining with an overweight rating, suggesting that its data centers should be valued similarly to contracted infrastructure rather than Bitcoin equities. This perspective aligns with a broader industry trend where investment banks view Bitcoin mining operations as essential infrastructure, akin to real estate investment trusts, due to their stable long-term contracts.
Morgan Stanley has initiated coverage on three Bitcoin mining stocks, highlighting potential data center benefits, with notable emphasis on WULF and CIFR, which show significant upside potential of 159% and 158%, respectively. This analysis points […]
Citi, a banking giant with $1.75 trillion in assets, has reiterated its buy rating for the Bitcoin-focused treasury company Strategy, setting a price target of $325. This move underscores the growing institutional acceptance of Bitcoin-related […]
On February 9, U.S. Bitcoin spot ETFs saw total net inflows of $145 million, with Grayscale leading the charge with a $131 million net inflow. Ethereum spot ETFs also experienced net inflows of $57.05 million, […]