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Cipher Digital shifts from bitcoin mining to AI data centers, expecting sharp revenue growth by 2027.

Market News
05 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

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.

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