Cipher Mining and TeraWulf are buys, MARA a sell, as Morgan Stanley begins bitcoin miner coverage

Morgan Stanley has initiated coverage on bitcoin miners, categorizing Cipher Mining (CIFR) and TeraWulf (WULF) as attractive investments, while recommending a sell for Marathon Digital Holdings (MARA) due to its underperformance. This shift suggests a growing recognition of certain mining operations as valuable infrastructure assets, potentially influencing investor sentiment in the sector.