Added to YB: 2026-03-12
Pitch date: 2026-01-08
CIFR [bullish]
Cipher Digital Inc.
-20.06%
current return
Author Info
No bio for this author
Company Info
Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States.
Market Cap
$5.8B
Pitch Price
$17.15
Price Target
80.00 (+467%)
Dividend
N/A
EV/EBITDA
36.49
P/E
-6.64
EV/Sales
35.57
Sector
Software
Category
growth
Cipher Digital Inc. - $CIFR
CIFR: Power infrastructure play pivoting bitcoin mining to HPC colocation. 1.1GW approved power (60-65% convertible to HPC), ~2.5GW unapproved pipeline. Contracts with AWS & Google/Fluidstack validate hyperscaler credibility. ~3¢/kWh power cost vs peers at 3.5-5¢. HPC earns $1.75-2.25M/MW annually at 80-85% EBITDA margins vs low single-digit millions for mining. PT $22 on approved power alone (60-70% HPC conversion). Upside to $50-80 if unapproved capacity approved by 2028-29 & converted to HPC. Risks: execution, capex/dilution, AI demand durability, extreme stock volatility, regulatory delays. Near-term negative FCF, trading ~40-45x forward EBITDA compressing to mid-teens by 2027 as HPC ramps.
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