On September 8, Cipher Mining Inc. rose 5.07% in regular trading, trading at $18.685 per share, with turnover of approximately $175 million. The move was driven by the company's recent announcement that it has commenced lateral pipeline development at multiple sites to deliver natural gas capable of supporting up to 2.5 gigawatts of data center electricity.

The company stated that the pipeline construction is a crucial step to ensure new power is available at its sites before the end of the year. Cipher plans to leverage a bring-your-own-generation capacity model, enabling data centers to secure their own energy supply rather than relying on the electrical grid, and intends to develop and lease industrial-scale data center capacity to premier tenants for high-performance computing workloads. This follows the early delivery of initial data center capacity at the Black Pearl campus — two months ahead of schedule — and the acquisition of development options on a new Texas site dubbed Apollo, underscoring the company's ongoing transformation from bitcoin mining toward AI-focused data center operations. Peer stock IREN surged over 7% on the same day, reflecting strong sector momentum. As of the most recent quarter ended June 30, Cipher held $831.8 million in cash and cash equivalents.

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