Lucid Capital Highlights Sector Growth Potential Amid Rising Power Demand, Sets Bullish Stance on Cipher Mining (CIFR)

Group 1 - Cipher Mining Inc. (NASDAQ:CIFR) has garnered significant interest from hedge funds, placing it among the 12 most promising blockchain and crypto mining stocks [1] - Lucid Capital initiated coverage of Cipher Mining with a "Neutral" rating and a price target of $18, highlighting the company's potential amid rising power demand [2][3] - The analyst from Lucid Capital believes that Cipher Mining is well-positioned to benefit from $1 trillion in incremental investments made in recent years, which enhances its ability to scale operations [3] Group 2 - In September, Cipher Mining produced 251 bitcoin and completed Phase I of its Black Pearl facility, which increased its production capacity [4] - The company holds 1,500 bitcoin in reserve and is actively developing its Barber Lake site, positioning itself to capture opportunities in both crypto and compute markets [4][5] - Cipher Mining operates industrial-scale Bitcoin mining and high-performance computing data centers across the U.S., supporting blockchain infrastructure and digital asset network operations [5]