On September 25, Cipher Mining Inc. rose 6.46% in pre-market trading, trading at $19.14/share, with turnover of $2.93 million.

The stock continues to benefit from a flurry of major investment bank initiations over the past week. Most recently, UBS initiated coverage with a Buy rating and a $23 price target, while Wells Fargo launched coverage at Overweight with a $25 target. Rothschild & Co Redburn also initiated at Neutral. According to FactSet, the consensus analyst rating stands at Buy with a mean price target of approximately $30.33, implying significant upside from current levels.

Beyond analyst activity, Bernstein maintained its Outperform rating and $32 target, highlighting that the Texas grid operator ERCOT completed its first baseload screening round, with Cipher Digital submitting 3.6 GW of site capacity and receiving 1 GW of incremental approval — a development expected to support rising data center lease pricing. The company has also been advancing its pivot toward high-performance computing, developing lateral pipelines to deliver natural gas supporting up to 2.5 GW of data center electricity and delivering its first AI data center capacity ahead of schedule.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)