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 to a growing trend where Bitcoin mining companies are increasingly partnering with AI firms to repurpose their data centers to meet the high-performance computing demands amid a persistent AI compute-related supply shortage. An illustrative example is the HUT transaction with Google, Fluidstack, and Anthropic completed in December 2025, which significantly enhanced shareholder value by leveraging these data center assets.
Morgan Stanley highlights significant upside in Bitcoin mining stocks WULF and CIFR
