Bernstein has initiated coverage of TeraWulf (WULF) and Cipher Digital (CIFR) with Outperform ratings, setting price targets of $36 and $32, respectively, framing both Bitcoin (BTC) miners as emerging AI infrastructure platforms with a power advantage that new data center entrants cannot replicate.
Analysts from the research and brokerage firm, led by Gautam Chhugani, dubbed them "the power…