On September 17, Cipher Mining Inc. rose 5.62% in pre-market trading, trading at $17.63 USD/share, with turnover of $565,900. The gain extends the previous session's sharp 10.80% surge to $16.72, which saw trading volume spike 168.40% from the prior day to over 62 million shares.

The continued upward momentum comes as Cipher Digital advances its strategic pivot from pure-play bitcoin mining toward industrial-scale data center development. Earlier this month, the company announced it had begun developing lateral pipelines at multiple sites to deliver natural gas capable of supporting up to 2.5 gigawatts of electricity for data centers, targeting high-performance computing workloads under a bring-your-own-generation model. Cipher also disclosed that it delivered initial data center capacity at its Black Pearl campus two months ahead of schedule, beginning to generate rental income from a hyperscale tenant.

Analysts maintain a consensus buy rating on the stock with a mean price target of $32.75, implying substantial upside from current levels. The company held $831.8 million in cash as of June 30.

(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.)