Cipher Digital Inc shares rose 7.87% to $23.57 on Thursday, driven by strong momentum and a bullish technical setup. The stock is trading above its 200-day and 100-day simple moving averages (SMAs), maintaining a long-term uptrend. Key resistance is identified at $25.50, while support sits at $20.50.

Technical Analysis and Key Levels

Cipher Digital is trading approximately 29% above its 200-day SMA of $18.13 and 22% above its 100-day SMA of $19.15. This positioning keeps the primary trend pointed higher. However, the stock is currently 4.2% below its 20-day SMA of $24.46, indicating an attempt to reclaim short-term trend control after a recent pullback.

The Relative Strength Index (RSI) stands at 49.89, signaling neutral momentum rather than an overbought condition. The moving-average structure remains constructive, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA. This "golden cross" formation occurred in July 2025 and suggests that pullbacks may be viewed as buying opportunities if the price stays above the 50-day SMA of $22.69.

Business Overview

Cipher Digital focuses on high-performance computing (HPC) data center development and operations. The company builds and runs facilities designed for HPC workloads, positioning it within the market's demand for compute capacity tied to AI and other intensive tasks. Additionally, Cipher Digital manages power assets and allocates capital based on market conditions and demand for AI-related computing capacity. Consequently, the stock's performance is often correlated with broader technology trends and expectations regarding data-center buildouts and power economics.

Momentum Analysis

According to Benzinga Edge rankings, Cipher Digital holds a bullish momentum score of 97.52. This score indicates strong trend persistence compared to the broader market, consistent with the stock's significant 12-month run. The analysis suggests that the stock's performance is currently driven by trend strength rather than a balanced mix of factors. For longer-term traders, this emphasizes the importance of managing entries around support and resistance levels, as momentum-driven stocks can experience rapid swings during market cooling periods.

Cipher Digital Inc. shares rose 10.35% to $22.11 on Monday as investors executed a buy-the-dip strategy following a heavy multi-day sell-off. The recovery aligns with broader market gains, as the Nasdaq increased 1.37% and the S&P 500 added 0.48%. The stock movement follows comments by Futurum Group CEO Daniel Newman on July 1 via X, who noted that Meta Platforms Inc. is positioning itself to offer compute services, a move he described as a smart business strategy to invest while mitigating risk.

Strategic Pivot to AI Infrastructure

Wall Street's attention remains fixed on Cipher Digital's ongoing transformation from a pure-play Bitcoin miner into an AI and High-Performance Computing (HPC) data center landlord. To support this shift, the company recently closed an $810 million secured debt capital raise for its Stingray Facility. This facility is fully pre-leased under a long-term contract to Amazon.com, Inc.’s Amazon Web Services.

Short Interest and Trading Metrics

Short interest in Cipher Digital increased during the last reporting period, rising from 52.53 million to 54.50 million shares. This represents 16.26% of the company's publicly available shares. Based on the recent average daily trading volume of 24.86 million shares, it would take 2.19 days for short sellers to cover their positions.

Upcoming Earnings Outlook

Cipher Digital is scheduled to report its second-quarter earnings on Aug. 6. Analysts estimate an earnings loss of 11 cents per share and quarterly revenue of $31.9 million. The company has missed earnings per share estimates in two consecutive quarters.