I just saw that Cipher Digital's stock went up 6% today, but the full news is more interesting. The company is pivoting from Bitcoin mining to HPC, a fairly aggressive move considering the current market environment.

The strange thing is that although the stock price reacts positively, its earnings are not meeting the market's expectations. It's one of those cases where the strategic move generates optimism, but the actual numbers don't fully support it.

I don't know if it's a long-term bet or if there's something more behind this change in direction. Is anyone else following Cipher and its transition to HPC? It seems to be an interesting inflection point in the sector.