Dossier
Cipher Digital
Coverage of Cipher Digital in the Nexus archive.
- Bitcoin Miners Emerge as 'Power Landlords' of AI Boom—And Revenue Will Surge: Bernstein
Bernstein is bullish on Bitcoin miners powering the AI boom, assigning 'Outperform' ratings to TeraWulf and Cipher Digital. The firm highlights Bitcoin miners as key enablers of AI growth through energy infrastructure.
- ‘The power landlords of AI’: Bernstein initiates coverage on bitcoin miners TeraWulf and Cipher Digital, sees ninefold AI revenue by 2030
Bernstein initiates coverage on Bitcoin miners TeraWulf and Cipher Digital, setting them at Outperform with $36 and $32 price targets. The firm projects AI revenue for these companies to grow ninefold by 2030.
- Cipher Digital loses $114 million in Q1 as bitcoin miner accelerates AI data center pivot
Cipher Digital lost $114 million in Q1 as it accelerates its pivot from bitcoin mining to leasing power and infrastructure to AI and cloud providers. The company is shifting away from a pure-play mining model. This change in strategy is driven by market demands.