5 Stocks Turning Heads With Double-Digit Gains

3. Cipher Digital Inc. (NASDAQ:CIFR)

Cipher Digital grew its share prices by 23.53 percent on Tuesday to finish at $22.10 apiece, as investors took heart from the massive progress of its two data center developments, saying that 2026 “is the year of execution.”

In an updated report, Cipher Digital Inc. (NASDAQ:CIFR) announced developments at its Barber Lake and Black Pearl campuses, saying that it built momentum from the bagging of new long-term deals from hyperscalers.

Last month, Cipher Digital Inc. (NASDAQ:CIFR) successfully topped out the Barber Lake data center, with mechanical, electrical, and networking work now underway.

Meanwhile, retrofitting of the existing data center structure for the first phase of Black Pearl remains on track, with layout and site work for phase 2 targeted in April.

“We also secured our first corporate revolving credit facility, strengthening our liquidity position by providing up to $200 million of committed borrowing capacity from leading global financial institutions. Looking forward, we will continue to build on this momentum and establish ourselves as the leading HPC development platform,” Cipher Digital Inc. (NASDAQ:CIFR) CEO Tyler Page said.

The announcement overshadowed a dismal earnings performance in the first quarter of the year, with net loss attributable to shareholders widening by 192 percent to $114 million from only $38.97 million in the same period last year.

Revenues came solely from Bitcoin mining, dropping 28.8 percent to $34.8 million from $48.9 million in the same comparable period.