Chardan Capital Puts Cipher Mining on Buy List With 38% Upside Potential

Chardan Capital has given Cipher Mining a Buy rating and set its price target at $32, suggesting a potential upside of 38% from the company's current stock price of $23.15.

The investment firm sees promise in Cipher Mining's expansion beyond Bitcoin mining to support AI companies with its energy infrastructure.

Cipher Mining is also benefiting from positive legislative developments like the Clarity Act, which could attract more institutional investors to digital assets and boost the company's prospects.