Morgan Stanley analyst Stephen Byrd forecasts a substantial increase in the stock prices of Terawulf and Cipher Mining, projecting surges of approximately 159% and 158% respectively within the next year. According to NS3.AI, Byrd emphasizes that Bitcoin mining companies are increasingly diversifying their operations by supplying electricity to AI data centers. This shift is seen as offering more favorable business economics compared to traditional cryptocurrency mining. Terawulf has secured a significant 510MW power agreement with Google, while Cipher Mining has partnered with Amazon. In contrast, MARA Holdings faces a negative outlook due to its lack of focus on AI initiatives.

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