Keefe Bruyette raised the firm’s price target on Cipher Mining (CIFR) to $22 from $13 and keeps an Outperform rating on the shares. The firm updated the company’s model ahead of the Q4 report to reflect recent business developments and hash price trends. Cipher is executing well on its AI colocation strategy, says Keefe, which is “constructive” on the company’s 2026 lease signings.
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