Cipher Digital Inc (NASDAQ:CIFR) stock is surging on Tuesday, primarily driven by a massive narrative shift regarding its energy strategy. Cipher Digital said last Thursday that it started developing lateral pipelines across multiple sites. The infrastructure aims to overcome power-grid constraints.

The Nasdaq is up 0.21% while the S&P 500 has shed 0.33% and Technology is gaining 0.61% even as market breadth stays soft.

• Cipher Digital shares are climbing with conviction. What’s driving CIFR stock higher?

The pipelines will connect the company’s facilities to nearby natural gas supplies. The infrastructure could support up to 2.5 gigawatts of on-site power generation.

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Data Center Expansion

Cipher Digital plans to use the capacity to expand and lease industrial-scale data centers to major tenants. The facilities will support high-performance computing workloads.

The company will work with power providers to develop the required generation infrastructure. Cipher Digital is targeting power availability before the end of 2027.

Technical Analysis

From a trend perspective, CIFR is still in a longer-term uptrend after a powerful 12-month run of 151.68%, but the chart has been working through a mid-cycle reset since the June swing high. The stock is trading 16.8% above its 20-day SMA ($16.62) and 5.5% above its 200-day SMA ($18.40), while still sitting 6.2% below its 100-day SMA ($20.69), which keeps the intermediate trend "in repair" rather than fully cleared.

The moving-average structure is mixed, which helps explain the choppy feel: the 20-day SMA remains below the 50-day SMA (a short-term bearish crossover), but the 50-day SMA is above the 200-day SMA (a bullish longer-term backdrop). That combination often produces sharp rallies and pullbacks as price tries to reclaim the "middle" of the trend stack.

  • Key Resistance: $22.50 — Nearby round-number zone where rebounds can stall as traders look to sell into strength.
  • Key Support: $16 — Nearby area where buyers previously stepped in, aligning with the recent consolidation zone above the 20-day averages.

CIFR Stock Price Activity: Cipher Digital shares were up 9.36% at $19.40 at the time of publication on Tuesday, according to Benzinga Pro data.

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