Wells Fargo sees 50% upside for Amazon-linked stock

Bitcoin mining is a dead end. Cipher Digital’s pivot to AI hosting for AWS and Google is the only reason Wells Fargo predicts a 50% upside, even as the company loses $0.65 per share. Despite holding 37,802 BTC, the market is signaling that data centers are worth more than the coins themselves. Is Cipher a visionary tech leader or just a failing miner clinging to the AI hype cycle to stay relevant? Can a money-losing firm really be worth $25 a share? What’s your take?
This summary was generated by AI