Morgan Stanley gives MARA, Riot and other BTC mining company stocks an 'outperform' rating due to the AI transformation trend.

Odaily Planet Daily News Macquarie has given "outperform" ratings to several BTC mining company stocks, including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining, on the grounds that these companies are increasingly transitioning from specific encryption businesses to artificial intelligence and high-performance computing (HPC) models. In recent years, the business of BTCMiner has become increasingly diversified, shifting from pure encryptionMining to hosting artificial intelligence and high-performance computing infrastructure. Analysts Paul Golding and Emma Liang from Macquarie said that this trend has accelerated after the fourth Halving event of BTC in April. Analysts wrote in a report on Tuesday evening: "Some mining companies believe that they have unprecedentedly obtained electricity... This is an opportunity to enter the non-encryption related custody field. Others believe that this is to divert attention from the accumulation of BTC on the balance sheet... But in most cases, the rise in mining capacity, and/or land/GPU acquisition for HPC/AI, are achieved through the issuance to dilute equity." Morgan Stanley believes that as the transition to high-performance computing accelerates, several mining companies will benefit greatly in the long run. Analysts also point out that while the operation of AI cloud products in BTCMiner facilities is still in its early stages, these companies may play an important role in the AI computing market. (The Block)