Cipher Posts $31.6M Profit as Operating Loss Widens
A $127.2M noncash warrant gain drove the reported profit, while Cipher's new data center business brought in $5.9M and its Barber Lake lease reached about $9.1B in contracted revenue.
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A $127.2M noncash warrant gain drove the reported profit, while Cipher's new data center business brought in $5.9M and its Barber Lake lease reached about $9.1B in contracted revenue.
The $36 and $32 price targets frame a thesis bigger than either stock: bitcoin miners' brownfield power and grid positions are the moat that new AI data centre entrants cannot replicate, and the…