CIFR: When a Bitcoin miner becomes the landlord of the AI eraCipher Digital Inc.BATS:CIFRTotoshkaTradesCipher started by mining Bitcoin in the Texas desert, but today it is a completely different animal. The rebranding to Cipher Digital in February 2026 sealed the metamorphosis: now it is an AI infrastructure operator leasing out data center space to Amazon and Google. The company trades on Nasdaq, and everyone who understands critical infrastructure for hyperscalers is watching – because owning such assets is no longer speculation but almost a rent collection business. Fundamentals Next earnings are due on May 5, 2026. Total contracts with AWS, Fluidstack and Google have reached 9.3 billion dollars. This includes a 15-year, 300 MW lease with Amazon at the Black Pearl campus in Texas, and a 10-year, 300 MW lease with Fluidstack and Google at the Barber Lake campus, where Google acts as a guarantor for up to 1.73 billion. Both contracts start in October 2026 and will generate approximately 669 million dollars in annual net operating income for more than ten years. The Black Pearl project is fully funded through a 2 billion dollar bond issuance at 6.125 percent. In February 2026, the company sold its stakes in the Alborz, Bear and Chief projects to Canaan, receiving a six-month locked stake in Canaan. Hashrate decreased from 23.6 EH/s to 11.6 EH/s. The balance sheet still holds about 1166 BTC. Risks: HPC revenue will only start in the fourth quarter of 2026. Investors are paying for a business that will generate profit six months from now. Short interest remains high. Technicals On the weekly chart a bull flag has formed. A breakout above the upper flag boundary occurred, followed by a successful retest. Price holds well above the moving averages. The former weekly resistance has turned into a buy zone – 15.30 – 15.40 dollars. Yesterday‘s close, April 29, was 16.92. Weekly volumes are steadily high. The only target on the chart is 38.38 dollars. The market now values Cipher not as a miner but as the owner of mission-critical AI infrastructure. The technical breakout is confirmed, the retest is complete, the buy zone is active, and the target is above.