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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid the accelerating convergence of digital assets and high-performance computing, Bernstein initiated coverage on Bitcoin miners TeraWulf and Cipher Digital with Outperform ratings and price targets of $36 and $32 respectively. The firm described these miners as 'power landlords' due to their possession of the essential infrastructure required to host AI data centers. According to reports, Bernstein projects that AI-related revenue for these firms could grow ninefold by the year 2030.
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Sign InThis bullish outlook follows a broader industry trend where miners are pivoting to AI, evidenced by Core Scientific’s recent multi-billion dollar deal with CoreWeave to provide cloud infrastructure (per market data). Compared to traditional data center operators like Equinix, Bitcoin miners often hold a strategic advantage in immediate access to power grids, a critical asset as AI demand outstrips current energy supply according to industry analysts.
Investors should monitor stock levels for these miners following this initiation, as their performance remains tied to both Bitcoin price action and data center demand. Looking ahead, the market will focus on Fed Chair Powell’s speech on May 31, 2026, which may influence risk sentiment across the crypto and tech sectors, potentially impacting the momentum for TeraWulf and Cipher Digital shares.