Bessent’s One-Yard-Line Comment Sets the Crypto Market on Fire
Broader social media chatter suggesting the White House had reached an agreement on an ethics package attached to the bill and transmitted the language to key Senate Republicans added further fuel, with industry participants viewing the development as a potential path to updated bill text being released in short order.
A Former Bitcoin Miner Now Playing the AI Infrastructure Trade
While the crypto rally is lifting the group broadly, Cipher is now primarily an AI infrastructure company, having pivoted away from its mining origins to redirect its power assets and data center capabilities toward serving artificial intelligence compute demand. The stock is catching a bid today largely alongside other former miners that have made a similar transition and are seeing renewed interest after a difficult stretch of selling pressure across the sector.
That said, the company still mines Bitcoin and held $76,150 worth of the digital currency on its balance sheet as of March 31, 2026, down from $125,400 at year-end. With Bitcoin pushing toward multi-month highs today, that residual exposure may be providing a modest additional boost on top of the broader AI infrastructure recovery.
CIFR Shares Are Booming
CIFR Price Action: Cipher shares were up 11.20% at $22.84 at the time of publication on Tuesday, according to Benzinga Pro.
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