Cipher Mining (NASDAQ: CIFR) stock rallied 8.8% on Friday, closing at $10.85 per share. The move comes after a strong August operational update, analyst upgrades, and increasing recognition of the company’s unique positioning in both Bitcoin mining and AI / HPC hosting infrastructure.
In this video, we break down what’s driving CIFR stock, including:
August results: 241 BTC mined, 1,414 BTC held, and a hash rate of 23 EH/s.
The expansion of Black Pearl Phase I, which contributed nearly 40% of August production.
Analyst upgrades, including a Buy rating and raised price targets.
The dual narrative of Bitcoin exposure plus AI hosting optionality.
Why Eric Jackson — known for backing Opendoor stock (OPEN) and Iris Energy (IREN) — has Cipher Mining in his top 3 conviction picks.
We also explore the risks, opportunities, and what this rally could mean for investors who are following Jackson’s thesis on underappreciated growth stocks.
If you’re tracking CIFR stock, crypto mining stocks, or the convergence of Bitcoin mining and AI infrastructure, this is a story you won’t want to miss.
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