Key Takeaways Morgan Stanley set a $38 target on CIFR and $37 on WULF, implying roughly 158-159% upside. Cipher Mining is pivoting toward AI data center leasing for steadier, long-term cash flows. ETFs holding WULF and CIFR offer diversification amid miners' recent volatility.Morgan Stanley’s recent initiation of coverage on Cipher Mining (CIFR) and TeraWulf (WULF) with overweight ratings sent both bitcoin miners’ shares soaring by double digits, as investors reacted enthusiastically to the bullish outlook. ...

Bitcoin Mining Economics Signal Potential Market FloorETF Trends is now VettaFi. Read More --Bitcoin is currently trading below the average cost of production for listed miners, a situation that historically doesn't last long, according to recent CoinShares [research].The average production cost for publicly traded bitcoin mining companies sits around $74,600, per the report. When prices fall below this threshold, miners face pressure on their balance sheets and capital spending, typically forcing a contrac ...

Soluna Holdings (NASDAQ: SLNH) began energizing Project Kati 1 as of Tuesday following approval from the Texas grid authority ERCOT, according to a Soluna press release. The 83 MW data center expansion in South Texas lifts the company’s total compute capacity past 200 MW. Soluna’s management targets full completion of the project by the fourth quarter of 2026. Soluna anticipates the project will generate between $17.3 million and $19.6 million in annual revenue. The facility operates on renewable energy ...

We recently published 10 Big Names With Effortless Double-Digit Gains. TeraWulf Inc. (NASDAQ:WULF) was one of the best performers on Monday. TeraWulf soared by 16.52 percent on Monday to finish at $16.62 apiece as investors took heart from Morgan Stanley’s bullish coverage for its stock. In a market report, the investment firm issued an “overweight” rating for TeraWulf Inc. (NASDAQ:WULF) with a price target of $37. The figure marked a 123 percent upside potential from its latest closing price. Accordin ...

Cango (NYSE: CANG), a Bitcoin (BTC) mining company, said it sold 4,451 BTC over the weekend, generating net proceeds of about $305 million as it moves to reduce leverage tied to a bitcoin-collateralized loan. The company said on Feb. 9 the transaction was settled in Tether’s USDT stablecoin, with the full amount used to pay down debt backed by its Bitcoin holdings. Related: Popular crypto company exits Bitcoin amid crash The move comes as mining economics remain volatile and reflects what the company de ...

Morgan Stanley initiated coverage of three publicly traded bitcoin (BTC) mining companies on Monday, backing two names tied to data center leasing while taking a more cautious stance on a miner focused on bitcoin exposure. Analyst Stephen Byrd and his team started coverage of Cipher Mining (CIFR) and TeraWulf (WULF) with Overweight ratings and set price targets of $38 and $37, respectively. Shares of CIFR are higher by 12.4% Monday to $16.51, while WULF is ahead 12.8% to $16.12. He also initiated covera ...

Bitcoin miner Cango (CANG) completed the sale 4,451 BTC over the weekend, raising roughly $305 million in USDT as it looks to reduce leverage and reposition its business around artificial intelligence infrastructure. The company said it raised $305 million from the sale, suggesting an average sale price of about $68,524 per coin, or not far above multi-year low prices for bitcoin. Shares are little-changed in Monday trading, but are lower by 83% on a year-over-year basis. The company’s bitcoin sales we ...

London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) chairman David Lenigas talked with Proactive's Stephen Gunnion about the company's innovative strategy to hedge its Bitcoin mining operations by acquiring gold and silver assets. He explained that while Bitcoin companies typically don’t invest in gold, London BTC is taking a different route, using its debt-free balance sheet to build a diversified treasury. “We’ve got 1,100 bitcoin miners churning away in North America,” Lenigas said, “and we think that gold, a ...

Core Insights - The year 2025 was a pivotal chapter for Cango, marking a strategic transformation towards becoming a leading Bitcoin miner and setting the stage for future opportunities in AI compute infrastructure [1][2]. Company Strategy - Cango has executed a disciplined entry into the Bitcoin mining industry, achieving a hashrate efficiency of 50 EH/s and securing 50 MW of energy infrastructure while transitioning to a direct NYSE listing [2][3]. - The company has made treasury adjustments to strengthen its balance sheet and reduce financial leverage, enhancing its capacity for strategic expansion into AI compute infrastructure [3]. Transition to AI Compute - Cango's global mining operations and infrastructure provide a pathway to meet the growing demand for AI compute, addressing the "Power Gap" between compute demand and existing grid capacity [4]. - The transition to AI compute will follow a three-phase roadmap: - Near Term: Standardization and deployment of modular GPU compute nodes for rapid market entry [5]. - Medium Term: Deployment of a proprietary software platform to manage distributed compute capacity [6]. - Long Term: Growth into a mature global AI infrastructure platform, activating underutilized power across the mining ecosystem [7]. Ecosystem Development - Cango aims to create broader ecosystem value by positioning itself as an "Ecosystem Enabler," leveraging underutilized energy infrastructure from the Bitcoin mining industry for AI needs [11]. - The company has established EcoHash Technology LLC to advance its AI compute initiatives, assembling a dedicated team for technical execution [8]. Value Creation - The shift towards a technology-driven infrastructure platform is expected to open new recurring revenue streams, building a resilient business model that complements existing mining operations [13]. - Cango recognizes that the transition from mining to AI compute is a long-term journey, requiring sustained effort and clear execution of its roadmap [14].

Bitcoin’s mining difficulty has registered its steepest decline in nearly five years. The historic drop signals a dual crisis of extreme weather constraints and deepening economic pressure on network operators. Bitcoin Mining Economics Crack Amid Falling Prices According to Mempool developer Mononaut, the network’s difficulty adjusted downward by 11.16% to 125.86 trillion (T) this week. Bitcoin Mining Difficulty Falls. Source: Mononaut Notably, this adjustment marks the largest capitulation in mining ...