Cipher Digital ($CIFR) Jumps 11% as AI Data Center Stocks Rebound

Cipher Digital ($CIFR) surged around 11% in November 3 trading, joining a broader rebound among AI data center stocks.
The rally followed a steep sell-off, with CIFR having fallen roughly 51% over the previous month. Other data center names also advanced, including IREN, which gained about 10%, and TeraWulf, up roughly 9%.
However, the rebound comes amid ongoing concerns about Cipher’s financial performance. The company missed Q3 revenue expectations, carries approximately $6.7 billion in debt, and faces questions about the timing of future data center lease revenue.