Cipher Digital shares climb 12.05% to $29.52, hit 52-week high as AI/HPC pivot draws buying

Cipher Digital shares rose 12.05% to $29.52 on Thursday, marking a 52-week high. The move follows the company’s formal shift toward an AI and high-performance computing (HPC) data-center model, reducing its tie to the broader crypto market. Investors also focused on a leadership hire tied to grid strategy and a decline in short interest to 52.53 million shares, or 15.67% of float. The stock also held above key moving averages and pushed past a prior high, according to Benzinga Pro data.