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

Cipher, the latest company in the cryptocurrency sector specializing in Bitcoin mining, has recently announced a strategic shift towards the development and implementation of artificial intelligence technologies. As a result of this pivot, financial analysts at Canaccord have raised their price target for the company's shares, now estimating them to reach $16, reflecting a positive outlook on Cipher's future in both the cryptocurrency and AI markets. source: https://www.coindesk.com/markets/2025/09/29/cipher-is-the-latest-bitcoin-miner-to-pivot-to-ai-price-target-raised-to-usd16-canaccord