Morgan Stanley Rates Bitcoin Miners: Cipher Mining and TeraWulf Up, MARA Down

Morgan Stanley initiates coverage on bitcoin miners, advocating Cipher Mining and TeraWulf as strong buys while recommending a sell on Marathon Digital.

In a recent analysis, Morgan Stanley has commenced its coverage of bitcoin mining companies, categorizing some mining operations as valuable infrastructure assets. This strategic perspective has positively impacted the stock prices of Cipher Mining (CIFR) and TeraWulf (WULF), leading to increased investor interest and confidence in these firms.

Conversely, Marathon Digital Holdings (MARA) has not shared the same fortune, with analysts recommending a sell on its stock. This divergence highlights the varying potential and market positions among bitcoin miners in the current landscape.