Morgan Stanley Initiates Coverage of Bitcoin Miners, Rates Hut 8 and Riot Platforms with $263 and $36 Price Targets

BTC-0.31%
HUT7.11%
RIOT2.11%
According to Morgan Stanley, the investment bank initiated coverage of multiple bitcoin miners that have transitioned into AI infrastructure suppliers on July 24. Hut 8 received a "buy" rating with a $263 price target, while Riot Platforms was rated "buy" with a $36 target. Applied Digital was given a "neutral" rating with a $36.50 price target. The bank highlighted that enterprises with large-scale power grid connections will benefit from surging AI data center demand.
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GateUser-594dbbe9vip
· 40m ago
Buy the dip and enter 😎
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GateUser-594dbbe9vip
· 40m ago
Hurry up and get on board! 🚗
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