모건스탠리가 비트코인(BTC) 채굴 업체 3곳에 대한 투자 의견을 제시하며 사이퍼 마이닝과 테라울프에는 비중확대, 마라홀딩스에는 비중축소 의견을 냈다. 채굴 기업을 비트코인 가격에 연동된 종목이 아닌 인프라 자산으로 봐야 한다는 평가다.

9일(현지시간) 가상자산(암호화폐) 전문 미디어 코인데스크에 따르면 모건스탠리는 사이퍼 마이닝(CIFR)과 테라울프(WULF)에 대해 비중확대(overweight) 의견을, 마라홀딩스(MARA·구 마라톤디지털)에 대해 비중축소(underweight) 의견을 제시했다.

모건스탠리는 보고서에서 "채굴 기업이 데이터센터를 구축하고 신뢰할 수 있는 기업과 장기 임대 계약을 체결했다면, 해당 기업에 대한 투자는 비트코인이 아니라 인프라 자산에 투자하는 것과 유사하다"고 설명했다. 이어 "이러한 기업은 비트코인 가격 변동성에 베팅하는 트레이더보다 안정적인 현금 흐름을 중시하는 투자자에게 더 적합하다"고 평가했다.

반면 비트코인 채굴을 여전히 핵심 사업으로 유지하는 기업의 경우 수익성 측면에서 한계가 있다고 지적했다. 모건스탠리는 "채굴을 주력으로 하는 기업은 구조적으로 큰 수익을 기대하기 어렵다"고 덧붙였다.

목표주가도 함께 제시됐다. 모건스탠리는 사이퍼 마이닝 38달러, 테라울프 37달러, 마라홀딩스 8달러를 각각 목표주가로 제시했다.

https://bloomingbit.io/feed/news/105755

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Morgan Stanley has issued investment recommendations for three Bitcoin (BTC) mining companies, with an Overweight rating for Cypher Mining and Terrawolf and an Underweight rating for Mara Holdings. The analysts believe mining companies should be viewed as infrastructure assets rather than stocks tied to the price of Bitcoin.

According to CoinDesk, a cryptocurrency media outlet, on the 9th (local time), Morgan Stanley issued an Overweight rating for Cypher Mining (CIFR) and Terrawolf (WULF), and an Underweight rating for Mara Holdings (MARA, formerly Marathon Digital).

In its report, Morgan Stanley explained, "If a mining company has built a data center and entered into a long-term lease agreement with a trusted company, investing in that company is akin to investing in infrastructure assets rather than Bitcoin itself." The analysts added, "Such companies are better suited for investors who prioritize stable cash flow over traders who bet on Bitcoin price volatility."

On the other hand, the report pointed out that companies that still maintain Bitcoin mining as their core business face limitations in terms of profitability. Morgan Stanley added, "Structuredally, it's difficult to expect significant profits from companies focused on mining."

Target stock prices were also presented. Morgan Stanley set target prices of $38 for Cypher Mining, $37 for Terrawolf, and $8 for Mara Holdings.

https://bloomingbit.io/feed/news/105755

The government has just issued Resolution No. 23/NQ-CP following the regular government meeting in January 2026, which emphasizes the requirement for proactive, flexible, and effective monetary policy management, with close coordination...

The Vietnamese government is pushing for the operation of a gold and cryptocurrency exchange by February 28, 2026.

Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

The crypto market experienced a sharp drop this afternoon, with Ethereum falling below the $2,000 mark at 3 PM Taiwan time, according to Hyperliquid [...]
The article, titled "Machi Big Brother Suffers Huge Losses and Didn't Sleep All Night? Ethereum Falls Below 2000 Magnesium, Panic Arrives, Opens Long BlockTempo and Loses 120,000 Magnesium," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Machi Big Brother lost so much money he couldn't sleep all night? Ethereum fell below 2000, causing panic. He long positions in ETH and HYPE, then sold at a loss, losing all 120,000 in magnesium.