Added to YB: 2026-09-25
Pitch date: 2026-09-22
CIFR [bullish]
Cipher Digital Inc.
-4.74%
current return
Author Info
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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
$7.9B
Pitch Price
$19.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
150.43
P/E
-6.84
EV/Sales
66.48
Sector
Software
Category
turnaround
NeoCloud Thesis: The Best Players, How They Make Money, and Their Path to 5x - Cipher Digital Inc.
CIFR (quick overview): Cipher is pivoting from Bitcoin mining to contracted HPC, with roughly 600 MW contracted, a large AWS lease, Fluidstack/Google paper and Black Pearl now billing — evidence of rent rather than presentations. The thesis assigns a ~20% chance of a 5x in five years, from a ~$6-7B valuation to ~$30-35B, if AWS and Fluidstack convert on time and mining stops determining the multiple.
Read full article (1 min)