Bernstein initiates Outperform coverage on TeraWulf and Cipher Mining with $36 and $32 price targets, projecting AI revenue to grow ninefold by 2030.

Bernstein initiates TeraWulf and Cipher Digital at Outperform with $36 and $32 price targets, projecting AI revenue to grow ninefold by 2030.

Bernstein is bullish on Bitcoin miners as they increasingly power the AI boom, assigning “Outperform” ratings to TeraWulf and Cipher Digital.