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Macquarie Cuts Price Target on Cipher Digital to $30

Fiscal.ai

Macquarie has lowered its price target for Cipher Digital Inc. from $35 to $30 while maintaining an Outperform rating.

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  1. The Motley FoolAnders Bylund

    Why Cipher Digital Stock Lost 53.9% in October

    Cipher Digital stock plummeted 53.9% in October due to AI sector financing concerns and an $850 million convertible debt offering that spooked investors. The company faces heavy borrowing needs ($6.7 billion debt) to fund its data center expansion, though it has $16.6 billion in contracted revenue with long-term leases. Key risks include construction cost pressures, Texas regulatory scrutiny, and a challenging credit environment that may limit future lease signings.