Cipher Mining Shifts to HPC, Secures Over $7 Billion in Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: Fool
- Revenue Shift: Cipher Mining generated $164.2 million in revenue during the first three quarters of 2025, all from Bitcoin mining, and while its HPC infrastructure isn't yet reflected in financials, it is expected to unlock new revenue streams in the future.
- Major Contract Signing: In September 2025, Cipher secured a 10-year HPC colocation agreement with Fluidstack worth approximately $3 billion, with two five-year extension options that could bring the total value to around $7 billion, highlighting strong demand in the AI and HPC market.
- Collaboration with AWS: In November, Cipher signed a 15-year lease agreement with Amazon Web Services (AWS) to provide turnkey space and power for AI workloads, valued at approximately $5.5 billion, further solidifying its position in the AI infrastructure sector.
- Significant Market Potential: Cipher's stock has surged 255% over the past year, and despite a current price-to-sales ratio of 32, each agreement is expected to generate hundreds of millions in annual revenue, indicating massive growth potential in the blockchain and AI infrastructure sectors.
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Analyst Views on CIFR
Wall Street analysts forecast CIFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIFR is 26.23 USD with a low forecast of 18.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 18.970
Low
18.00
Averages
26.23
High
34.00
Current: 18.970
Low
18.00
Averages
26.23
High
34.00
About CIFR
Cipher Mining Inc. is focused on the development and operation of industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting. The Company operates two wholly owned bitcoin mining data centers, a 207 megawatts (MW) site located in Odessa, Texas that draws fixed priced power from a power purchase agreement with its electricity provider (the Odessa Facility), and a 300 MW data center in Wink, Texas, of which 150 MW is operational as a bitcoin mining data center, that draws power from the power grid (the Black Pearl Facility), and has equity investments in three partially-owned 40 MW bitcoin mining data centers. Its development pipeline totals approximately 3.4 gigawatts (GW) across eight sites. The Odessa Facility is an approximately 52-acre site, located next to a natural gas power production facility. Through a subsidiary, it is in the process of constructing a data center for HPC near Colorado City, Texas (the Barber Lake Facility).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cipher Mining Fundraising Nears Completion, Valuation at $350 Billion
- Fundraising Progress: Cipher Mining's fundraising deal is nearing completion, expected to value the company at $350 billion, indicating strong market confidence in its AI infrastructure strategy.
- Investor Backing: The deal is led by Singapore's sovereign wealth fund GIC and U.S. investor Coatue, with Sequoia Capital also contributing a significant investment, further solidifying Cipher Mining's market position in the AI sector.
- Stock Price Surge: Driven by investments in AI infrastructure, shares of Cipher Mining and competitors like IREN surged between 13% and 15% on Tuesday, reflecting optimistic sentiment among investors in the crypto mining sector.
- Analyst Rating Upgrade: Keefe Bruyette raised Cipher Mining's price target from $13 to $22 while maintaining an 'Outperform' rating, indicating analysts' positive outlook on its AI colocation strategy.
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