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Deep Tide TechFlow news: On June 04, according to The Block, Bernstein initiated research coverage of Bitcoin miners TeraWulf and Cipher Digital, and gave both companies “outperform the market” ratings. The target prices are $36 and $32, respectively. It said that, leveraging their acquired power resources and site advantages, they are shifting toward AI infrastructure platforms.
Bernstein expects the AI-related revenue of the covered Bitcoin mining companies to grow from $1.2 billion in 2026 to $10.7 billion in 2030. It noted that over the past two years, the industry has leased out 6 gigawatts of power capacity to mega-scale cloud service providers and emerging cloud operators through 17 transactions, for a total amount of more than $110 billion.