Added to YB: 2026-03-11
Pitch date: 2026-03-08
CIFR [bullish]
Cipher Digital Inc.
+1.18%
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
$13.55
Price Target
33.49 (+137%)
Dividend
N/A
EV/EBITDA
36.49
P/E
-6.64
EV/Sales
35.57
Sector
Software
Category
growth
Cipher Digital Investment Thesis!
CIFR: Bitcoin miner pivoting to AI data centers. 807MW capacity (74% AI, 26% BTC). Signed 15yr $5.5B AWS deal (300MW, 32% levered IRR) & 10yr $3B Google/Fluidstack deal (200MW, 25% IRR). 3.37GW pipeline by 2030 needs $27B capex (70-80% debt financed). Model: $4B rev, $565M net income by 2030. 25% share dilution risk. PT $33.49 (143% upside), 30x exit multiple. Colocation model = lower risk vs Nebius/Iren but less explosive upside. Key risk: massive capital raise execution.
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