Morgan Stanley rates three Bitcoin miners, recommending to increase holdings in Cipher Mining and TeraWulf, and to reduce holdings in MARA

According to CoinDesk data, Morgan Stanley analyst Stephen Byrd and his team rated three Bitcoin miners, giving Cipher Mining (CIFR) and TeraWulf (WULF) a "Buy" rating, with target prices set at $38 and $37, respectively.

At the same time, they also initiated coverage on Marathon Digital (MARA), giving it a "Sell" rating with a target price of $8.

On Monday, CIFR's stock price rose 12.4% to $16.51, WULF's stock price increased by 12.8% to $16.12, and MARA saw a slight increase to $8.28.