Cipher Mining, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Mike Colonnese from H.C. Wainwright reiterated a Buy rating on the stock and has a $25.00 price target.
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Mike Colonnese has given his Buy rating due to a combination of factors tied to Cipher Mining’s rapid execution in AI infrastructure and attractive long‑term economics. He highlights that management has quickly secured multi‑billion‑dollar AI and HPC colocation agreements with major hyperscale counterparties, backed by long‑dated contracts that are expected to generate substantial recurring revenue and robust net operating income over the next decade.
He also emphasizes that the Barber Lake and Black Pearl campuses are now fully funded and energized, significantly reducing project risk while positioning Cipher as a scaled, strategic power partner for cloud and AI customers. In addition, the decisive shift away from legacy bitcoin‑mining assets, the disciplined use of capital markets to finance growth, and the early traction at future sites like Stingray and Ulysses support his view that Cipher’s business mix, visibility, and earnings power are improving, justifying a Buy rating even as the price target is modestly reduced.
In another report released today, Needham also maintained a Buy rating on the stock with a $22.00 price target.