Movement Alert｜Cipher Mining Rises 5.32% in Regular Trading, Analyst Upgrades and AI Transformation Narrative Continue to Drive Rebound

Market Focus06-02

On June 2, Cipher Mining rose 5.32% in regular trading, trading at $25.79/share, with trading volume of approximately $105 million. The stock continues its rebound trajectory fueled by institutional optimism and strategic transformation momentum.

On the news front, Morgan Stanley recently raised its target price on Cipher Mining from $40.50 to $42.50, maintaining an Outperform rating, noting that CIFR is successfully transitioning from a bitcoin miner to an AI infrastructure provider whose stock value will increasingly be driven by long-term, stable data center leasing cash flows. Jefferies also assigned a Buy rating with a $32 target price. The company has signed approximately $11.4 billion in long-term HPC data center lease contracts with investment-grade cloud providers, covering 700 megawatts of capacity over 10-to-15-year terms. Sector peer IREN Ltd gained 2.46%, reflecting broader strength among crypto-mining-turned-AI-infrastructure names.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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