13 Best Cryptocurrency Stocks to Buy Now

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9. Cipher Mining Inc (NASDAQ:CIFR)

Average Upside Potential as of March 11: 140.91%

Number of Hedge Fund Holders: 23

Cipher Mining Inc (NASDAQ:CIFR) is a financial services company that develops and operates industrial-scale data centers. In addition to building and running Bitcoin mining data centers, the company hosts high-performance computing services like AI. It is one of the best cryptocurrency stocks to buy as it expands and strengthens its Bitcoin network infrastructure.

The expansion drive is part of Cipher Mining’s plan to take advantage of the soaring prices of the flagship cryptocurrency. Cipher Mining Inc (NASDAQ:CIFR) operates more than 75,000 mining rigs, affirming its status as one of the biggest bitcoin miners. The Odessa fleet upgrade improved the company’s overall self-mining hash rate to 13.5 EH/second in the fourth quarter of 2024. Cipher Mining expects the hash rate to reach at least 23 EH/second by the third quarter of 2025, driven by the completion of one of its 300-megawatt Black Pearl data centers. The transition of Cipher Mining Inc (NASDAQ:CIFR) from a Bitcoin miner to an HPC data center developer validates its long-term prospects in the era of artificial intelligence.

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