Cipher receives conditional designations for multiple projects
Projects include Stingray, Colchis, Mikeska, Apollo, and McLennan. Existing sites are energized or approved, with final designations expected in December.
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Developer and operator of industrial-scale data centers
cipherdigital.comLast updated
In short: Cipher advanced its AI data center expansion by securing 3.2 GW of power classifications and beginning natural gas pipeline development.
Projects include Stingray, Colchis, Mikeska, Apollo, and McLennan. Existing sites are energized or approved, with final designations expected in December.
Cipher joins partners to invest $10 million in Colorado City's infrastructure, supporting community resilience amid recent shortages. Their data center uses separate supplies.
The infrastructure connects sites to natural gas supplies, enabling up to 2.5 gigawatts of on-site generation by late 2027 for high-performance computing.
The company also acquired an option for a 900 MW site near San Antonio, completed bond financing for Stingray, and reported Q2 revenue of $25 million.
Cipher Digital (CIFR) has an average rating of buy and mean price target of $30.66, according to analysts polled by FactSet. (MT Newswires covers equity...
Wall Street analysts are turning more bullish on AI infrastructure names after the summer selloff, with IREN and Cipher Digital receiving higher price targets tied...
The target implies 219% upside from Cipher’s latest price. Morgan Stanley did not disclose revised estimates, valuation ...
Wells Fargo calls Cipher Digital a high-risk, high-reward investment.
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