Cipher Digital Inc. is transitioning its business focus from bitcoin mining to operating AI data centers, despite recent stock declines due to a Q2 2026 revenue miss linked to bitcoin mining shutdowns. The company is advancing AI data center contracts ahead of schedule, notably with Amazon, and projects net operating income to increase from $97 million in 2026 to nearly $700 million in 2027. With only 13% of its data center pipeline under contract, Cipher Digital's stock currently trades at a low multiple relative to its adjusted NOI targets, suggesting potential upside as the AI data center business expands.
Cipher Digital's shares rose 13% after the company received conditional grid classifications for 3.2 gigawatts of data-center capacity in Texas. The Electric Reliability Council of Texas (ERCOT) granted 1.1 GW conditional base-load status and 2.1 GW ...
Shares of Applied Digital and TeraWulf climbed 5% as the oversold AI capacity sector bounced back, driven by sentiment rather than new company developments. Applied Digital's stock recovered from a recent slide despite no announcements, reflecting ma...
Cipher Mining (CIFR) saw its stock rise 10.8% following an Overweight rating and $25 price target from Wells Fargo, implying a 49.5% upside. The boost comes after ERCOT granted 3.2 gigawatts of conditional grid capacity to support Cipher's Bitcoin mi...
