Wells Fargo starts coverage of bitcoin miners’ AI pivot
Wells Fargo initiated coverage of Core Scientific (CORZ), Hut 8 (HUT) and Cipher (CIFR), shifting focus from bitcoin miners’ hash rates to megawatts and AI infrastructure ambitions.
Wells Fargo is shifting its focus on bitcoin miners from hash rates to megawatts, starting coverage of four companies whose AI infrastructure ambitions are becoming increasingly central to their businesses. According to TheFly, the firm initiated coverage of Core Scientific (CORZ), Hut 8 (HUT), Cip…