Needham raises Cipher Mining's PT on Fluidstack lease

Cipher Digital

30/09/2025 11:49

** Needham raises Cipher Mining's CIFR.O PT to $15 from $10 on Fluidstack lease, backstopped by Google

** Brokerage says it views this agreement and Google backstopping as a de-risking to the story

** New PT represents a 18.6% upside on stock's last close

** 12 of 14 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $15 - according to data compiled by LSEG

** As of last close, shares up about 173% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))