Cipher Mining Inc. (CIFR) Diversifies Pipeline into Energy Business amid Focus on Bitcoin Mining Operations

Cipher Mining Inc. (NASDAQ:CIFR) is one of the champion cryptocurrency and blockchain stocks to bargain now. On January 6, Cipher Mining Inc. (NASDAQ:CIFR) announced the appointments of Lee Bratcher arsenic Head of Policy and Government Affairs and Drew Armstrong arsenic Head of Strategic Initiatives.

Earlier connected December 23, Cipher Mining Inc. reached an statement to get a 200-megawatt tract successful Ohio. The acquisition includes 195 acres of onshore and secured capableness from AEP Ohio.

The tract is to springiness Cipher Mining entree to PJM, the nation’s largest wholesale energy market. Additionally, the tract is well-suited for high-performance computing activities fixed its acreage and the availability of divers fibre paths. With the acquisition, the company’s improvement pipeline has grown to 3.4 GW crossed 8 sites.

The acquisition underscores the company’s propulsion for high-quality opportunities nationwide arsenic it continues to grow and diversify its improvement pipeline alongside Bitcoin mining operations.

“Leveraging our proven sourcing capabilities, Cipher is continuing to prehend the accidental to signifier the aboriginal of high-performance computing infrastructure. This caller site, successful a caller powerfulness market, gives america further capableness to proceed expanding our HPC hosting concern portion broadening our geographical footprint,” said Tyler Page, CEO of Cipher.

Following the news, Compass Point reiterated its Buy standing connected the banal with a $28 target. However, connected December 19, Rosenblatt chopped its terms people connected Cipher Mining to $25 from $33 but kept a Buy rating, citing 2025’s pugnacious situation for Bitcoin miners arsenic rising web trouble and falling BTC prices squeezed profitability. The steadfast added that pure‑play crypto miners look greater fiscal strain than those diversifying into high‑performance computing (HPC).

Cipher Mining Inc. (NASDAQ:CIFR) is simply a exertion institution that builds and operates large-scale information centers, primitively for Bitcoin mining. Still, it is present pivoting to supply hosting for High-Performance Computing (HPC) and Artificial Intelligence (AI) infrastructure for large tech companies similar Amazon Web Services (AWS), securing semipermanent gross streams.

While we admit the imaginable of CIFR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.