Cipher Is the Latest Bitcoin Miner to Pivot to AI; Price Target Raised to $16: Canaccord
PositiveCryptocurrency

Cipher has made a strategic shift from Bitcoin mining to artificial intelligence, reflecting a growing trend in the tech industry. This pivot is significant as it aligns with the increasing demand for AI technologies, potentially enhancing Cipher's market position. Canaccord has responded positively, raising its price target for Cipher to $16, indicating confidence in the company's new direction and the future of AI.
— Curated by the World Pulse Now AI Editorial System