Major Bank Ratings | Morgan Stanley: AI Data Center Transformation Opens Upside Potential for Crypto Miners, Rates Hut 8 and Riot Platforms as "Overweight"

Glonghui, July 24—Morgan Stanley has initiated coverage of several Bitcoin miners that have transitioned into AI infrastructure providers, noting that companies owning large-scale grid-connected power assets will be well-positioned amid the surging demand for AI data centers. Morgan Stanley has named a particular exchange as its top pick with a target price of $263, another exchange with a target price of $36, both rated as "Overweight." Another exchange received a "Neutral" rating with a target price of $36.5.