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Update
What changed24/7 Wall St. reports Cipher Digital shares up 11% to $7.63 in morning trading on 3 November, with IREN up 10% and TeraWulf up 9%. Riot Platforms rose 12%. The gains follow steep recent declines: the outlet says Cipher was down 51% over the past month and IREN 42%.
Cipher’s analyst targets have shifted again. 24/7 Wall St. says J.P.
The outlet also gives new figures from Cipher’s third-quarter results: revenue of $26.7 million against a $37.5 million consensus estimate, and $5.9 million in first high-performance-computing lease revenue at its Black Pearl campus. It says Cipher has $16.6 billion in contracted revenue across three campuses and expects first capacity at Barber Lake in the fourth quarter of 2026. That leaves investors watching delivery and rent, not just another green number on the screen.
Sources and evidence- Cipher Digital Soars 11% as AI Data Center Stocks Rebound After Price-Target Selloff; IREN Jumps 10%, TeraWulf Surges 9% – 24/7 Wall St.: 24/7 Wall St. reports updated 3 November share gains for AI data-centre companies, alongside further analyst target cuts and new Cipher revenue, lease and contracted-revenue figures.
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