Core Insights - IREN has a significant advantage over Cipher Mining due to its operational capacity, contract terms, and strategic site development, making it a more attractive option for long-term investors [1] Group 1: Operational Capacity - IREN has 4.5 gigawatts of total power capacity compared to Cipher Mining's 3.4 gigawatts, with 810 megawatts of operating data centers versus Cipher Mining's 477 megawatts [1] - IREN has 460 megawatts specifically energized for AI, while Cipher Mining has a lower number, and IREN is projected to energize its 1.4 gigawatt Sweetwater 1 facility in April [1] - IREN is expected to close the year with two gigawatts of energized power for AI, while Cipher Mining's significant milestone will not occur until 2028 when it is expected to energize 2.5 gigawatts [1] Group 2: Contract Terms - IREN secured a five-year deal with Microsoft valued at $9.7 billion, translating to $1.94 billion per year, with a 20% prepayment to assist in financing additional AI data centers [1] - Cipher Mining's 15-year agreement with Amazon is worth $5.5 billion, equating to $367 million per year, indicating that IREN's contract terms are more favorable [1] - IREN's strategy of owning and maintaining Nvidia GPUs allows for potential appreciation, while Cipher Mining's model resembles a landlord arrangement, which may limit revenue growth [1] Group 3: Strategic Site Development - IREN announced a 1.6 gigawatt site in Oklahoma, enhancing its gigawatt pipeline lead over Cipher Mining [1] - IREN focuses on large-scale sites that can support at least one gigawatt, making maintenance and cost-effectiveness more manageable compared to Cipher Mining's smaller, dispersed sites [1] - The concentration of capacity in fewer, larger sites is likened to real estate investing, where larger complexes are easier to manage than multiple smaller properties [1]

Over the past year, Cipher Mining (CIFR) has shifted its narrative from being seen as a volatile crypto miner to an emerging artificial intelligence (AI) and high-performance computing (HPC) infrastructure player. In a market obsessed with AI capacity and power-hungry data centers, that pivot has reshaped investor perception, and sentiment has turned increasingly bullish. Even as cryptocurrencies face uneven momentum now, Cipher has continued to benefit from the broader AI infrastructure trade. And now, ...

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Core Viewpoint - Soros Fund Management made significant adjustments to its investment portfolio in the fourth quarter, focusing on increasing exposure to tech giants while engaging in "buy high, sell low" strategies for energy and cryptocurrency stocks [1]. Group 1: Technology Sector Investments - The fund substantially increased its holdings in core technology stocks, including adding 161,000 shares of Microsoft (MSFT.US), 118,000 shares of Nvidia (NVDA.US), and approximately 66,000 shares of Apple [3]. - In the software and mobility sectors, the fund also increased its positions by acquiring approximately 216,000 shares of Atlassian (TEAM.US), 55,000 shares of Salesforce (CRM.US), and 119,000 shares of Uber (UBER.US) [3]. Group 2: Defensive and Growth Investments - In the defensive sector and consumer space, the fund increased its holdings in utility company Exelon (EXC.US) by approximately 488,000 shares and in gaming giant Electronic Arts (EA.US) by about 318,000 shares [3]. Group 3: Reduction in High Volatility and Financial Stocks - The fund reduced its positions in high-volatility and financial stocks, significantly cutting approximately 168,000 shares of Snowflake (SNOW.US) [4]. - It also reduced its holdings in Circle Internet Group (CRCL.US) by about 151,000 shares and in Interactive Brokers (IBKR.US) by approximately 813,000 shares, indicating a cautious stance towards the financial brokerage sector [5][6]. Group 4: New Positions and Exits - The fund opened new positions by purchasing gold-related assets such as New Gold (NGD.US) and established positions in DigitalBridge (DBRG.US), Blue Owl Capital (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US) [7]. - It completely exited positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US), indicating a shift away from traditional banking and certain cryptocurrency mining stocks towards more stable or defensive sectors [7]. Group 5: Overall Strategy - The overall strategy of Soros Fund Management in the fourth quarter reflects a clear approach: embracing AI and core tech assets like Microsoft and Nvidia while avoiding high-volatility cloud and data companies like Snowflake, and hedging against macroeconomic uncertainties by investing in gold stocks. This "pick and choose" adjustment strategy highlights the pursuit of certainty and safety margins amid global economic uncertainties [7].

Core Insights - The Valkyrie Bitcoin Miners ETF (WGMI) has shown an 86% return over the past year but has recently dropped 12.4% in the last month due to a 28% decline in Bitcoin's price [1] - Iren Ltd secured a $9.7 billion contract with Microsoft and aims for $3.4 billion in annual AI Cloud revenue by the end of 2026, indicating a strategic pivot towards AI infrastructure [1] - Cipher Mining, another significant holding in the ETF, missed revenue estimates and has a negative profit margin of 34.2%, raising concerns about its near-term prospects [1] Bitcoin Price Impact - Bitcoin's price correction from its October 2025 peak has created a challenging environment for miners, with current trading 28% below the year's start [1] - Prediction markets indicate only a 41% probability that Bitcoin will reach $100,000 by year-end, reflecting market uncertainty [1] - Riot Platforms, representing 4.8% of the ETF, recently reported revenue of $180.2 million, although its stock is trading 10% below previous levels [1] AI Infrastructure Transition - Iren Ltd, which constitutes 24% of the ETF, is focusing on AI infrastructure, emphasizing a cautious approach to capital deployment with payback periods of 24 to 30 months for GPU investments [1] - Cipher Mining, representing 18.3% of the ETF, has secured a $5.5 billion AWS lease but has shown operational challenges, including heavy insider selling, indicating management's uncertainty [1] - Investors are advised to monitor quarterly updates from Iren and Cipher for evidence of translating AI contracts into actual revenue and improved margins [1]

NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer and operator of industrial-scale data centers, today announces the appointment of Thomas Duda to its Board of Directors. Mr. Duda has more than twenty years of real estate-focused investment experience, further strengthening the Board as Cipher executes its pivot to becoming a world leader in data center development and operations. Mr. Duda currently serves as Vice President of Real ...

Key Takeaways Morgan Stanley set a $38 target on CIFR and $37 on WULF, implying roughly 158-159% upside. Cipher Mining is pivoting toward AI data center leasing for steadier, long-term cash flows. ETFs holding WULF and CIFR offer diversification amid miners' recent volatility.Morgan Stanley’s recent initiation of coverage on Cipher Mining (CIFR) and TeraWulf (WULF) with overweight ratings sent both bitcoin miners’ shares soaring by double digits, as investors reacted enthusiastically to the bullish outlook. ...

Vavilov是私营加密挖矿技术与硬件公司Bitfury Group的联合创始人。该公司最初通过设计比特币挖矿硬 件崛起，并在过去15年中成长为行业重要参与者。与此同时，Vavilov还持有纳斯达克上市公司Cipher Mining(CIFR.US)约12%的股份。该公司近一年股价累计上涨约200%，主要受益于其与云计算企业 Fluidstack签署的一项为期10年、规模达30亿美元的合作协议，标志着其业务正从单一的加密挖矿，向 支持AI产业的数据中心与基础设施领域延伸。 上周，加密货币市场遭遇新一轮"崩盘"，比特币自去年10月高点回落逾50%，不仅重创散户投资者，也 令部分长期多头立场动摇。比特币周三交易时段跌破6.6万美元，创下自上周大跌以来的新低。知名投 资人迈克尔.伯里近期警告称，比特币的下跌可能演变为自我强化的"死亡螺旋"。不过，也有数据显 示，加密市场中的部分"巨鲸"正在重新入场。 与激进看多者不同，Vavilov对比特币持更为审慎的态度。他表示，虽然看好比特币的长期成长性，并 在资产组合中持有一定比例，数字资产只是整体投资的一部分。事实上，近年来他已推动旗下业务加速 向人工智能相关领域转型，以分 ...

Wall Street Likes Some WGMI Top Holdings | ETF TrendsETF Trends is now VettaFi. Read More --When accounting for Bitcon's massive tumble, easily one of the most pleasant ETF surprises to start 2026 is the [CoinShares Valkyrie Bitcoin Miners ETF (WGMI)].As of midday Monday, WGMI was higher by 13% since the start of the year. An undoubtedly impressive showing when considering the largest cryptocurrency and its peers are mired in multi-month slumps. There are a few explanations for the ETF's January showing. On ...

We recently published 10 Big Names With Effortless Double-Digit Gains. Cipher Mining Inc. (NASDAQ:CIFR) was one of the best performers on Monday. 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 po ...