Cipher Digital Moves Higher After AI Data Center Investment Draws Attention to CIFR
Cipher Digital Inc. shares jumped Friday, picking up after a volatile week as traders took another look at the company’s AI data center financing plans and demand for infrastructure growth names. CIFR last traded at $24.66, up $2.03 from its previous close, moving between $22.48 and $25.35 during the session, putting the company’s market cap just under $10 billion. The stock climbed as buyers stepped up to pay more on hopes for future returns, while concerns like risk, dilution, higher debt or falling sentiment can pull prices down.