'The power landlords of AI': Bernstein initiates coverage on bitcoin miners TeraWulf and Cipher Digital, sees ninefold AI revenue by 2030

BTC

BTC/USDT

$79,692.51

-1.83%

$79,692.51

-1.83%

(24s)

24h Volume

$17,805,368,301.07

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0009%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

The Block Editorial

(11:51 AM UTC)

1 min read

Updated byDavid Kim

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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…