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Stock impact report

Rosenblatt cuts bitcoin miner price targets as profitability sinks; favors AI shift [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
profitability that highlights the growing importance ofAI and high-performance computing (HPC) revenue. The investment firm reiterated buy ratings for Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), and Hut 8 (NASDAQ: HUT), favoring companies that are actively diversifying into AI and computing power. Analyst Chris Brendler noted that while pure-play Bitcoin mining remains under pressure due to “stubbornly high network competition,” the impact is limited for miners securing lucrative contracts for power capacity. “The big takeaway from our recent Miner-HPC conference was the insatiable demand for power and related positive impact on deal economics,” Brendler wrote in the note to clients. “As such, although pure play miners will remain under pressure, the impact is limited for HPC plays.” The report highlighted a difficult environment for the broader mining sector, with Bitcoin prices dropping roughly 30% since early October highs. Simultaneously, Bitcoin's hashprice (a me Show less Read more
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