Investors eye Cipher Mining under $30 as AI power demand boosts data center infrastructure.

Cipher Mining, now Cipher Digital, is shifting from bitcoin mining to high-performance computing infrastructure, securing long-term leases with Amazon Web Services and Google. Trading under $20, the company has locked in $9.3 billion in contracted revenue and a 3.4 GW development pipeline targeting 2026-2028 energization. Despite near-term losses and heavy debt, strong analyst ratings and oversubscribed bonds highlight confidence in its AI infrastructure role. Investors should watch October 2026 milestones before investing.