Cipher Mining Inc is trading 4.2% up today at $27.30, extending a sharp multi-day rally as investors react to the company's strategic shift toward AI infrastructure.
- The move follows continued enthusiasm regarding the June 16 Stingray data-center financing, which recent analysis suggests has left shares materially undervalued.
- The stock is significantly outperforming the broader crypto mining sector, which remains under pressure from weaker Bitcoin and Ethereum prices.