Northland analyst Mike Grondahl raised the firm’s price target on Cipher Mining (CIFR) to $14.50 from $7 and keeps an Outperform rating on the shares. The 168 MW HPC deal with Fluidstack, supported by a $1.4B backstop from Google (GOOGL), is “a major milestone” for Cipher that sets the stage for the next phase of growth, the analyst tells investors.
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