Bernstein Bullish on Bitcoin Miners TeraWulf and Cipher Digital, Predicts Ninefold AI Revenue Growth by 2030
AI News Flash: Bernstein initiates analyst coverage on TeraWulf and Cipher Digital, two Bitcoin mining companies, with Outperform ratings for both, setting target prices at $36 and $32 respectively. The core argument centers on long-term growth in AI computing demand: Bernstein predicts both companies’ AI-related revenue will expand ninefold by 2030, signaling strong analyst optimism about mining companies’ potential in the AI power and compute leasing market.