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Earlier this month, Cipher Mining announced a 10-year artificial intelligence hosting agreement with Google-backed Fluidstack, backed by Google’s US$3.0 billion investment and projected to generate US$300 million in annual revenue, marking a shift from exclusive Bitcoin mining to supporting AI infrastructure from its Texas data centers.
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This collaboration signals a material transition as Cipher leverages its data center assets to diversify into AI workloads, offering a path toward greater business resilience beyond cryptocurrency mining.
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We’ll explore how diversifying into AI hosting alongside Google-backed Fluidstack could reshape Cipher Mining’s investment narrative and growth prospects.
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To own Cipher Mining stock today, you need to believe in both the growth of large-scale digital infrastructure and the company’s ability to expand beyond Bitcoin mining into artificial intelligence workloads. The recent US$3.0 billion Google-backed Fluidstack deal has the potential to reshape short-term catalysts by adding a major AI revenue stream, but it also introduces execution risk as the company shifts away from reliance on Bitcoin price cycles and faces the challenge of scaling new service lines.
Of the company’s recent developments, Cipher’s plan to double its authorized shares, up for vote at the special meeting on October 30, stands out as highly relevant. Any approval could provide funding flexibility to support its investment-heavy AI transition, but also raises the possibility of shareholder dilution, which remains a key issue with expanding capital-intensive growth strategies in this space. In contrast, investors should be aware that even as new AI revenues are touted, significant dilution may be ahead if…
Read the full narrative on Cipher Mining (it’s free!)
Cipher Mining’s narrative projects $696.2 million in revenue and $91.1 million in earnings by 2028. This requires 63.6% yearly revenue growth and a $245.1 million earnings increase from current earnings of -$154.0 million.
Uncover how Cipher Mining’s forecasts yield a $16.88 fair value, a 10% downside to its current price.
CIFR Community Fair Values as at Oct 2025
Seven community fair value estimates for Cipher Mining range from US$6.00 to US$30.94, highlighting wide opinion gaps among retail investors on future upside. While many bet on aggressive AI revenue growth, keep in mind dilution risk and ongoing capital needs could impact overall returns, it’s worth comparing several viewpoints before deciding what matters most to you.
Explore 7 other fair value estimates on Cipher Mining – why the stock might be worth less than half the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include CIFR.
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