Pivotal-Point Tracking Cipher Mining (CIFR): AI Infrastructure Developer Expands Billion-Dollar Order Backlogs with Tech Giants
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Cipher Digital (formerly Cipher Mining) saw a price jump of nearly 17% to $20.60 on July 20. The catalyst was a wave of positive industry news in the digital infrastructure sector. Additionally, Morgan Stanley reaffirmed its "Overweight" rating with a target of $47. The company is transitioning from a pure Bitcoin miner to a sought-after data center developer for compute-intensive applications. Cipher Digital directly benefits from the immense energy and space demands for artificial intelligence. Hyperscalers and tech companies urgently need large...
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