AI Infrastructure Stocks TeraWulf and Cipher Digital Rebound Amid Volatility
Shares of Cipher Digital (NASDAQ:CIFR) and TeraWulf (NASDAQ:WULF) are down on Monday, extending a rough month for bitcoin-miner-turned-AI-infrastructure names. Cipher Digital stock trades at $21.12, off 9%, while TeraWulf stock sits at $17.65, down 4%.
The declines come despite two fresh research reports pointing to price targets above $30, but they cap a stretch of sharp volatility across the neocloud cohort. TeraWulf's setup rests on a 2.3 GW platform, more than $13 billion in contracted revenue, and anchor tenants Core42, Fluidstack, and Alphabet's Google via credit backstop.
Cipher Digital counters with 700 MW of contracted HPC capacity, roughly $11.4 billion in contracted revenue on 10-to-15-year terms, and an AWS lease at Black Pearl worth $5.5 billion over 15 years. CEO Paul Prager described a 'power-advantaged platform… increasingly differentiated in a market constrained by access to power', and a recent $1 billion equity raise funds the Hawesville, Kentucky campus.