Morgan Stanley analysts, led by Stephen Byrd, have issued ratings for three Bitcoin mining companies. According to ChainCatcher, Cipher Mining (CIFR) and TeraWulf (WULF) received an "overweight" rating, with target prices set at $38 and $37, respectively.
Additionally, Marathon Digital (MARA) was covered for the first time, receiving an "underweight" rating with a target price of $8.
On Monday, CIFR's stock rose by 12.4% to $16.51, WULF's stock increased by 12.8% to $16.12, and MARA saw a slight rise to $8.28.