Cipher Mining (CIFR) Is Down 9.2% After AWS AI Infrastructure Deal And Ohio Site Purchase

• Cipher Mining recently expanded its push into AI and high‑performance computing by acquiring the 200‑megawatt “Ulysses” site in Ohio and signing a 300‑megawatt capacity deal with Amazon Web Services, building on its roots as a bitcoin miner.
• Together, these moves shift Cipher’s footprint beyond Texas and deepen its role as an infrastructure provider for large‑scale cloud and AI workloads.
• Next, we’ll examine how Cipher’s deepening role in AI infrastructure through the Amazon Web Services agreement shapes the company’s investment narrative.

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What Is Cipher Mining's Investment Narrative?

To own Cipher Mining today, you have to believe in its evolution from a pure-play bitcoin miner into a large-scale data-center landlord for AI and cloud customers. The AWS 300 MW lease and the Ulysses acquisition push that story forward by locking in long-duration demand and expanding the development pipeline to 3.4 GW across eight sites, which could sharpen near-term catalysts around construction milestones, financing terms and further hyperscale wins. At the same time, the stock’s rich sales multiple, recent volatility and ongoing losses keep execution risk front and center, especially as capital needs rise to fund Ohio, Colchis and other build-outs. The latest analyst upgrades and mixed options activity suggest the news is material for sentiment, but it also raises the stakes if projects slip or costs climb.

However, rising capital intensity and insider selling are signals investors should not ignore. Our valuation report unveils the possibility Cipher Mining's shares may be trading at a premium.

Exploring Other Perspectives

Seven Simply Wall St Community fair values span roughly US$13 to almost US$43 per share, showing how far apart individual expectations sit. Set against Cipher’s high price to sales and heavy build-out commitments, this spread underlines why you may want to weigh multiple views before deciding how its AI infrastructure push could influence longer term performance.

Explore 7 other fair value estimates on Cipher Mining - why the stock might be worth over 2x more than the current price!

Build Your Own Cipher Mining Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Cipher Mining research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Cipher Mining research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Cipher Mining's overall financial health at a glance.

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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.

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