Cipher’s Bold Pivot: Bitcoin Miner Charges Into AI Arena as Canaccord Boosts Price Target to $16

Cipher just rewrote the mining playbook—ditching bitcoin hashrates for AI processing power in a move that's got Wall Street buzzing.

The Analyst Stamp of Approval

Canaccord Genuity's team slapped a shiny new $16 price target on Cipher stock, signaling serious confidence in this strategic shift. Because nothing says 'we believe in you' like raising price targets while traditional finance guys still struggle to explain blockchain to their golf buddies.

From Crypto to Compute

The miner's infrastructure—once dedicated to solving cryptographic puzzles—now gets repurposed for artificial intelligence workloads. Same hardware, completely different revenue stream. It's the ultimate diversification play in an industry where yesterday's innovation becomes tomorrow's paperweight.

Because when your core business involves guessing random numbers faster than everyone else, maybe it's time to try something that actually requires, you know, intelligence.