Cipher Mining Stock Hits Record Highs on Amazon Deal
Schaeffers Investment Research·2025-11-03 16:07

Core Insights - Cipher Mining Inc (NASDAQ:CIFR) stock increased by 33% to $24.82 despite missing third-quarter earnings and revenue estimates, primarily due to a significant $5.5 billion, 15-year lease agreement with Amazon.com for providing space and power for AI workloads [1] - The stock has surged 314% over the last three months and is currently trading at record highs, surpassing the $22 level which had previously rejected two rallies in October [2] Trading Activity - Options trading has seen heightened activity with 222,000 calls and 80,000 puts exchanged, which is three times the typical volume for this period [3] - The most popular options include the weekly 11/7 21.50-strike call and the 11/7 18-strike put, with new positions opening at the 23-strike put [3] Analyst Ratings - Analysts have not made any immediate adjustments to CIFR following the recent developments, although there were several price-target increases last month [4] - Among the 13 analysts covering the stock, 10 have a "buy" or better rating, while three have a "hold" rating, with a 12-month consensus price target of $20.57, representing a 5% discount to current levels [4]