$BTC Morgan Stanley analysts, led by Stephen Byrd, have released new ratings for several Bitcoin mining companies. According to ChainCatcher, Cypher Mining (CIFR) and TeraWulf (WULF) were both given an “overweight” rating, with target prices of $38 and $37.
Meanwhile, Marathon Digital (MARA) received coverage for the first time and was assigned an “underweight” rating, with a target price of $8.
On Monday, shares of CIFR climbed 12.4% to $16.51, WULF rose 12.8% to $16.12, and MARA posted a small gain, reaching $8.28.
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