Northland raised the firm’s price target on Cipher Mining (CIFR) to $27.50 from $14.50 and keeps an Outperform rating on the shares after the company announced its first direct investment-grade hyperscaler lease with Amazon Web Services (AMZN) at its 300 MW Black Pearl site. The firm believes Cipher is well-positioned to scale HPC, fund growth via debt, and capture strong investment-grade AI demand, the analyst tells investors.
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