Cipher Mining (CIFR) is transitioning from Bitcoin mining to an artificial intelligence and high-performance computing hosting service provider, and has signed a major agreement worth $5.5 billion with Amazon Web Services (AWS). The company has also hired new executives. Despite revenue of $206.45 million and a net loss of $70.53 million, analysts have raised the target stock price to $30, citing that this strategic shift enhances profitability visibility. The stock is currently widely considered undervalued, with a fair valuation of $27.25, compared to the recent closing price of $16.55.