Billionaire Stephen Mandel’s 10 Stocks with Huge Upside Potential

3. Cipher Mining Inc. (NASDAQ:CIFR)

% holding in portfolio: 0.65%

Upside Potential: 127.27%

A New York-based company, Cipher Mining Inc. (NASDAQ:CIFR) engages in Bitcoin mining operations utilizing renewable energy sources. The company is a subsidiary of Bitfury Group and focuses on large-scale, U.S.-based mining facilities with a sustainable strategy. TeraWulf Inc., IREN Limited, and CleanSpark, Inc. increase the level of competition in the market. However, the company’s cost discipline, operational scalability, and access to the latest technology offer competitive advantages. Cipher Mining Inc. (NASDAQ:CIFR) aims to capitalize on the geographic diversification of mining power in the post-China Bitcoin mining environment.

Cipher Mining Inc. (NASDAQ:CIFR) occupies approximately 0.65% of Mandel’s holdings, hinting at a bold wager on the future viability of the crypto-mining industry. The company has nearly doubled its revenue between Q3 and Q4 of 2024, reaching $42 million. Odessa fleet has been updated during the period, causing a rise in the self-mining hash rate to 13.5 exahashes per second. In the third quarter of 2025, the hash rate is expected to grow to 23 exahashes per second, enabling the company to achieve the forecasted analyst revenue of $276 million for 2025. Cipher Mining Inc. (NASDAQ:CIFR) has also raised a $50 million investment from SoftBank to expand its data center development business.

The company appears more appealing to investors seeking billionaire-backed aggressive growth stocks because of its staggering upside potential of 127.27%.