Canaccord raises Cipher price target to $16, reaffirms "buy" rating
2025-09-29 22:58:56
Canaccord, the brokerage, said Cipher Mining had recently solidified its financial strength with a $1.10 billion zero-coupon convertible bond financing and is driving the transformation of its Barber Lake facility into an AI infrastructure through a partnership with Fluidstack. Canaccord reaffirmed its "buy" rating on Cipher shares and raised its price target to $16 from $12.
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