Cipher Digital Stock Is Jumping Again — The AI Power Bet Behind CIFR’s Rally
Cipher Digital Inc. shares rose 6.4% to $20.73 in Thursday morning trading, extending a volatile run as investors stayed with the company’s shift from bitcoin mining toward AI data-center infrastructure. The Nasdaq-listed stock traded between $19.50 and $21.00, with volume at about 8.5 million shares and market value near $8.4 billion. The move matters now because CIFR was climbing while the broader large-cap tech tape was weaker. The Invesco QQQ Trust, an exchange-traded fund that tracks the Nasdaq 100, was down 0.6%, making Cipher’s move stand out in a soft morning for big tech proxies.
