Added to YB: 2026-09-28
Pitch date: 2026-09-24
CIFR [neutral]
Cipher Digital Inc.
-4.63%
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
$7.6B
Pitch Price
$18.59
Price Target
22.00 (+22%)
Dividend
N/A
EV/EBITDA
146.79
P/E
-6.58
EV/Sales
64.87
Sector
Software
Category
growth
Cipher Digital $CIFR: The Landlord Thesis
CIFR (needs more research): Cipher has substantiated its shift from bitcoin mining to data-centre landlord through three financed leases, $11.4B of contracted revenue and Black Pearl’s early delivery, but valuation now requires further execution. At $18.35, versus $9–11 per share for signed campuses and a $22–26 base case, the shares already assume roughly one additional 500 MW project reaches signed-stage economics; the next major lease is the key evidence needed.
Read full article (22 min)