10 Big Names With Effortless Double-Digit Gains

5. Cipher Mining Inc. (NASDAQ:CIFR)

Cipher Mining soared by 13.78 percent on Monday to finish at $16.76 apiece as investors took heart from Morgan Stanley’s bullish coverage and higher price target for its stock.

In a market report, the investment firm issued an “overweight” rating on shares of Cipher Mining Inc. (NASDAQ:CIFR) with a price target of $38. The figure marked a 127 percent upside potential from its latest closing price.

According to Morgan Stanley, Cipher Mining Inc. (NASDAQ:CIFR) stands to benefit from the growing demand for artificial intelligence power as companies see higher valuations from bitcoin to data center conversions.

It added that bitcoin miners with power assets and data center infrastructures could support both bitcoin mining and AI workloads.

Meanwhile, Cipher Mining Inc. (NASDAQ:CIFR) is scheduled to announce the results of its earnings performance in the fourth quarter and full-year 2025 before market open on Tuesday, February 24. A conference call will be held to elaborate on the results.

Last week, the company announced plans to raise $2 billion in fresh funds through the issuance of senior secured notes.

The notes have a yield rate of 6.125 percent and will mature in 2031.

Proceeds from the offer will be used to finance the remaining cost of the Black Pearl Facility, a high-performance computing data center in Wink, Texas; reimburse Cipher approximately $232.5 million for its prior equity contributions to Cipher Black Pearl LLC; fund debt service reserves; and pay fees and expenses in connection with the offering.