‘The power landlords of AI’: Bernstein initiates coverage on bitcoin miners TeraWulf and Cipher Digital, sees ninefold AI revenue by 2030
Bernstein has initiated coverage on bitcoin miners TeraWulf and Cipher Digital with Outperform ratings and price targets of $36 and $32 respectively, projecting that AI-related revenue for these mining operations could grow ninefold by 2030. This analyst positioning reflects growing recognition of bitcoin miners as critical infrastructure providers for AI workloads.



