Cipher Mining Inc. (NASDAQ: CIFR) traded near $12.10 on Monday, up more than 5%, after Canaccord Genuity (NASDAQ: CF) raised its price target to $16 citing the company's pivot into artificial intelligence infrastructure. Cipher signed a hosting agreement with Fluidstack, backed by Google (NASDAQ: GOOGL) to expand its Barber Lake facility into a large-scale compute hub.