Morgan Stanley initiated coverage of bitcoin mining companies, recommending @Cipher and @TeraWulf while advising caution on @MarathonDigital due to higher risks tied to bitcoin exposure. #Update #Crypto $BTC
$BTC rebounds to $123,500 after dipping to $120,000; altcoins gain 1%-3%. Crypto miners like @CipherMining and @Bitfarms rise 11%-12% amid AI demand. Gold surges past $4,000. #Update #Crypto $BTC
@CipherMining (CIFR) priced a $1.08B private offering of convertible senior notes due 2031, up from $800M; shares fell 17% amid delta hedging. #Update #Crypto $CIFR
@RiotPlatforms received upgrades from JPMorgan and Citigroup, raising targets to $19 and $24 amid a shift to AI and cloud services, while $CIFR target doubled to $12. #Update #Crypto $RIOT
