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Cipher Mining (CIFR): Rosenblatt Applauds Pivot to AI Infrastructure Amidst Crypto Worst-Case Scenario

Cipher Mining Inc. (NASDAQ:CIFR) is one of the most active US stocks to buy according to analysts. On December 19, Rosenblatt lowered the firm’s price target on Cipher Mining to $25 from $33, while maintaining a Buy rating on the shares. 2025 has been a difficult year for Bitcoin miners, as high network difficulty collided with a sharp downturn in BTC prices to create a worst-case scenario for profitability. The firm also noted that pure-play miners that are solely focused on crypto face significant financial strain, but the impact is less severe for companies that have diversified into HPC.

Earlier on November 24, JPMorgan upgraded Cipher Mining to Overweight from Neutral with a price target of $18, up from $12. The firm believes that Cipher Mining is exceptionally well-positioned to secure further HPC contracts across its other approved sites, which could serve as a significant catalyst for medium-term growth.

In Q3 2025, Cipher Mining highlighted a strategic pivot from traditional Bitcoin mining to HPC and AI infrastructure. Total revenue surged 65% quarter-over-quarter to $72 million, driven by the mining of 629 Bitcoin and the expansion of the Black Pearl facility. While the company recorded a GAAP net loss of $0.01 per share, its non-GAAP adjusted earnings climbed to $0.10 per share. The company’s financial position was dramatically supported by a $1.3 billion convertible note offering due 2031, which increased its cash and equivalents to ~$1.2 billion by the end of the quarter.

Cipher Mining Inc. (NASDAQ:CIFR), together with its subsidiaries, develops and operates industrial-scale data centers in the US.

While we acknowledge the potential of CIFR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CIFR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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