Lucid Capital Highlights Sector Growth Potential Amid Rising Power Demand, Sets Bullish Stance on Cipher Mining (CIFR)
With significant hedge fund interest, Cipher Mining Inc. (NASDAQ:CIFR) secures a spot on our list of the 12 most promising blockchain and crypto mining stocks according to hedge funds.
On October 14, 2025, Lucid Capital analyst Joe Flynn began coverage of Cipher Mining Inc. (NASDAQ:CIFR) with a “Neutral” rating and a $18 price target.
The analyst believes Cipher Mining Inc. (NASDAQ:CIFR) is well-positioned to capitalize on rising power demand and prevailing infrastructure constraints as the sector evolves. The initiation was part of Lucid’s broader coverage of five bitcoin mining and high-performance compute companies. Flynn believes that the market is not fully factoring in the $1 trillion incremental investments made in recent years. Such investments strongly position companies with power capacity and the ability to rapidly scale up infrastructure to benefit from rising demand. As a side note, Lucid Capital mentioned that it views Core Scientific (CORZ) as the most undervalued stock in the sector.
Meanwhile, on October 7, Cipher Mining Inc. (NASDAQ:CIFR) announced that it had produced 251 bitcoin in September. The company also announced the completion of Phase I of its Black Pearl facility, which enhanced its production capacity.
Looking ahead, Cipher Mining Inc. (NASDAQ:CIFR) is well positioned to steadily scale operations and capture emerging opportunities across both crypto and compute markets, with 1,500 bitcoin in reserve and ongoing developments at its Barber Lake site.
Cipher Mining Inc. (NASDAQ:CIFR) supports blockchain infrastructure and digital asset network operations by developing and operating industrial-scale Bitcoin mining and high-performance computing data centers across the U.S.
While we acknowledge the potential of CIFR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best Gold Royalty and Small-Cap Gold Stocks to Invest in Now and 11 Best Coal Stocks to Buy According to Hedge Funds.
Disclosure: None.