Cipher Mining Inc. (NASDAQ:CIFR) is one of the best cryptocurrency stocks to buy for the long term. On November 20, Cipher Mining Inc. (NASDAQ:CIFR) said it had struck a 10-year AI-hosting agreement with Fluidstack valued at roughly $830 million. The deal will bring the company’s Barber Lake facility in Texas up to its full 300-megawatt capacity. It also includes options that could push total contracted revenue to about $2 billion and potentially lift the overall value of the partnership to around $9 billion. Google has reinforced the arrangement with a $333 million lease guarantee, bringing its total backing to approximately $1.73 billion.
Is Cipher Mining Inc. (CIFR) One of the Best Cryptocurrency Stocks to Buy for the Long Term?
Cipher plans to finance the site build-out through project debt along with $118 million in equity. The company expects construction costs to fall in the $9–10 million-per-megawatt range, with anticipated margins of 85% to 90%. CEO Tyler Page said the agreement underscores Cipher’s position in high-performance computing and reflects the momentum behind its expansion plans.
On November 19, Citizens initiated coverage of Cipher Mining with a Market Outperform rating and a price target of $30. The firm pointed to Cipher’s shift away from pure bitcoin mining and toward tapping its 3.8-gigawatt power pipeline in Texas, an asset it believes could justify a valuation north of $90 over time. Analyst Greg Miller said the company’s buildout plans for 2026 give it a rare position in the high-performance computing market, with capacity that could compete with large projects such as Stargate and help establish Cipher as a major data-center operator.
Earlier on November 13, the company completed a private offering of $1.4 billion in 7.125% senior secured notes due 2030. The bolstered balance sheet allows the company to finance the construction costs of its Barber Lake facility, a high-performance computing data center.
Cipher Mining Inc. (NASDAQ:CIFR) develops and operates industrial-scale data centers for both…
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