Added to YB: 2026-10-09
Pitch date: 2026-10-07
CIFR [bullish]
Cipher Digital Inc.
-29.35%
current return
Author Info
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Company Info
Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States.
Market Cap
$6.4B
Pitch Price
$14.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
132.78
P/E
-5.56
EV/Sales
58.68
Sector
Software
Category
special_situation
Portfolio Update – September 2026 - Cipher Digital Inc.
CIFR (added to position): Cipher extended Barber Lake’s lease from 10 to 20 years, with an unnamed AI lab taking the second decade behind Fluidstack, lifting contracted site revenue from US$3.8bn to over US$9bn. Eight shares were added at US$17.07 after a sharp reversal. The tension is that longer-duration undelivered NOI adds value but is also discounted more heavily at a 5.2% risk-free rate.
Read full article (1 min)