Cipher Mining is trading 5.91% up at $19.17 after UBS initiated coverage with a Buy rating.
- UBS set a $23 price target on September 23, citing 493 megawatts of signed IT leases and approximately $820 million in annual net operating income.
- Bitcoin is up 0.58% and Ethereum 1.35% since the previous close, while technology-sector futures remain pressured.
- Recent bullish analyst commentary and AI data-center leasing optimism appear more relevant than cryptocurrency prices.