SharonWon
09-23
$Cipher Mining Inc.(CIFR)$  $CIFR looks ready to Run Higher!

Morgan Stanley raised its price target on September 18 to $54 from $43.50 while keeping an Overweight rating.

A major asset supporting Cipher's AI-infrastructure thesis is a 15-year, roughly $5.5 billion lease at Cipher's Black Pearl site with Amazon.com, Inc. ($AMZN).

For Cipher Digital Inc. ($CIFR), the trade is no longer simply that old mining sites might someday host AI. It is whether long-term cloud contracts can justify the capital required to turn power into data-center capacity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment