Cipher Digital Stock Jumps After $200 Million Credit Line, New AI Data Center Lease

Cipher Digital slipped 2.8% to $13.71 in late Thursday action, pressured after Keefe, Bruyette & Woods cut its price target to $20 from $22. The stock’s recent moves have hinged more on its AI-focused data-center expansion than its older mining operations.

Shares of Cipher Mining Inc fell about 4% in afternoon trading on Tuesday after the bitcoin miner said it hired two industry veterans as it pushes further into artificial intelligence data centers and high-performance computing. The stock was down 3.9% at $17.46, with more than 20 million shares traded. markets.businessinsider.com