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Why Cipher Digital Stock Is Skyrocketing Today

TheMotleyFool

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Why Cipher Digital Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/868762/gettyimages-625756386-1-copy.jpg

Cipher Digital (NASDAQ: CIFR) stock is posting big gains in Tuesday's trading. The cryptocurrency-mining and artificial intelligence (AI) infrastructure company's share price was up 20.4% as of 3:25 p.m. ET.

Cipher Digital's valuation is soaring today despite the company's weaker-than-expected Q1 results. With today's pop, the stock is now up roughly 46% year to date.

Image source: Getty Images.

Source Fool.com

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