On July 30, Cipher Mining Inc. rose 5.54% in pre-market trading, trading at approximately $18.64 per share, with turnover of $614,600.

The rebound follows a 6.74% decline in the prior trading session, during which AI infrastructure stocks broadly faced selling pressure amid concerns over cyclical financing risks and intensifying competition from Chinese semiconductor firms. Chardan recently initiated coverage on the company with a Buy rating and a $32 price target, while the analyst consensus target stands at $32.75, representing significant upside from current levels. The company also announced participation in upcoming investor and industry conferences, with its next quarterly earnings report scheduled for August 4 before market open, with consensus EPS estimated at -$0.24.

Notably, the company completed an $810 million senior secured notes offering in June to fund its Stingray data center project and signed a 15-year hyperscale data center campus lease earlier this year, underscoring its strategic pivot from bitcoin mining toward high-performance computing infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)