Cipher Mining is trading 4.3% up in pre-market at $19.13 as investors digest the September 18 announcement of a new 15-year data-center lease with an investment-grade hyperscaler.

  • Morgan Stanley raised its target to $54 from $43.50; Wells Fargo initiated coverage Overweight at $25.
  • Bitcoin is up 3.95% since prior close, supporting crypto-linked stocks; broader risk sentiment is positive.
  • The move appears driven by company-specific AI infrastructure momentum and favorable crypto conditions.