Cipher Mining is trading 4.01% down at $18.32 as mixed analyst coverage tempered its recent AI-infrastructure rally.
- UBS initiated coverage with a Buy rating and a $23 price target; Rothschild & Co Redburn began with a Neutral/Hold rating and an $18 target, highlighting valuation concerns.
- Bitcoin is down 2.05%, while major U.S. indexes are also lower, adding broader risk-off pressure.
- Its decline exceeded Bitcoin’s, suggesting analyst disagreement and profit-taking also contributed; substantial recent gains increased sensitivity to cautious commentary.