imaginima/iStock via Getty Images Until recently, Cipher Digital Inc. ( CIFR ) was a second-tier, pure-play Bitcoin miner created via SPAC in 2021 and led by CEO Tyler Page, a former Goldman Sachs banker. Today, it is a totally different company. CIFR’s business model is transitioning into a data center developer for hyperscalers; essentially, it is swapping a highly volatile cash flow stream link...
imaginima/iStock via Getty Images Until recently, Cipher Digital Inc. ( CIFR ) was a second-tier, pure-play Bitcoin miner created via SPAC in 2021 and led by CEO Tyler Page, a former Goldman Sachs banker. Today, it is a totally different company. CIFR’s business model is transitioning into a data center developer for hyperscalers; essentially, it is swapping a highly volatile cash flow stream linked to crypto for stable, long-term rents secured at attractive prices. Analysts’ consensus forecasts revenue of $235 million for FY2026, but this is just a fraction of what lies ahead given the rent agreements already signed plus a robust pipeline of new projects. My thesis is that due to the business model transition and the consequent ‘dry spell’ in results until H2 FY2026, when the first rents kick in, the market is not yet fully pricing in the shift in the company’s core nature. I rate the stock as a BUY. The Cinderella Story As a reader, I have always been drawn to fairy tales, which is perhaps why the Cinderella story was the first thing that came to mind when I started researching this stock. During the crypto winter, Cipher was the humble ‘little sister’ mining Bitcoin in a corner of Texas, focusing on rock-bottom energy costs, while all the attention went to its ‘ugly stepsisters,’ large-scale miners like MARA Holdings ( MARA ) and Riot Platforms ( RIOT ). Following the analogy, the fairy godmother did not arrive with a wand but with an Nvidia ( NVDA ) chip. Cipher’s management realized that its infrastructure—liquid-cooled data centers connected to low-cost energy in Texas- could be used for more than just mining crypto; it could be transformed into a ‘golden carriage’ for AI hyperscale data centers. Last February, the company rebranded from Cipher Mining (the miner’s rags) to Cipher Digital, the ball gown it now wears to present itself to the AI infrastructure market, reflecting a complete business model transformation. From Bitcoin miner to AI landlord. The firm...
Antares Earns DoE's First Ever Microreactor Approval As Modi Heralds 'Defining Step In India's Nuclear Energy Journey' Antares Nuclear reached the most significant regulatory milestone to date for a microreactor. The company announced that its Mark-0 reactor became the first advanced reactor to receive Department of Energy approval for a Documented Safety Analysis under the new DOE-STD-1271. DSA a...
Antares Earns DoE's First Ever Microreactor Approval As Modi Heralds 'Defining Step In India's Nuclear Energy Journey' Antares Nuclear reached the most significant regulatory milestone to date for a microreactor. The company announced that its Mark-0 reactor became the first advanced reactor to receive Department of Energy approval for a Documented Safety Analysis under the new DOE-STD-1271. DSA approved. ✅ Antares is the first advanced reactor to receive DOE approval of a Documented Safety Analysis under DOE-STD-1271. Our Mark-0 reactor now moves to Readiness Review. Onward. pic.twitter.com/DovqJsVVwz — Antares (@AntaresNuclear) April 6, 2026 The company will now proceed with preparations for taking the reactor critical for the first time . This includes forming a joint test group to oversee the startup planning and execution. Secretary of Energy Chris Wright holds permission for starting up the reactor as the Startup Approval Authority. Bob Boston, manager of the DOE Idaho Operations Office, granted the approval of the DSA on Monday afternoon and clarified “ The Department of Energy DSA is equivalent to an NRC license ”. We have closely tracked Antares and other reactor developers in the rapidly advancing microreactor race . The company's R1 design is a sodium heat pipe cooled microreactor engineered to provide up to one megawatt of flexible, carbon-free power. It targets applications including remote communities and military installations where conventional power infrastructure is limited. BWXT is completing TRISO fuel fabrication for the pilot with a planned criticality date before July 4th . The company stands out as an early leader in securing formal safety analysis approval ahead of other contenders such as Radiant, Valar, Aalo Atomics, and Oklo. This development occurs just after we highlighted the Department of Energy’s requested $45 billion in nuclear funding for fiscal year 2027, and recent discussions from Jay Yu of Nano Nuclear pointing out nuclear ener...
Venture firm Eclipse has raised $1.3 billion across two funds to back companies building the next era of physical industries like those in robotics, manufacturing, and energy. Lior Susan, the founder and CEO of Eclipse, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Venture firm Eclipse has raised $1.3 billion across two funds to back companies building the next era of physical industries like those in robotics, manufacturing, and energy. Lior Susan, the founder and CEO of Eclipse, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Rivian Automotive (NASDAQ:RIVN) shares are sliding 5% today, retreating from $15.29 to around $14.50, as investors react to a steep drop in U.S. vehicle sales. The selloff adds to a rough year for the stock, which was already down 22.43% year-to-date heading into today’s session. The immediate trigger is a 26.5% year-over-year decline in U.S. ... Rivian Tumbles 5% After U.S. Sales Plunge 26%, With...
Rivian Automotive (NASDAQ:RIVN) shares are sliding 5% today, retreating from $15.29 to around $14.50, as investors react to a steep drop in U.S. vehicle sales. The selloff adds to a rough year for the stock, which was already down 22.43% year-to-date heading into today’s session. The immediate trigger is a 26.5% year-over-year decline in U.S. ... Rivian Tumbles 5% After U.S. Sales Plunge 26%, With R2 Launch and April 30 Earnings in Focus
Martin Capital Partners, LLC disclosed in an April 7, 2026, SEC filing that it sold out of its entire Robert Half (NYSE:RHI) position, an estimated $4.5 million trade based on quarterly average pricing. Robert Half is a global provider of professional staffing and risk consulting services, with operations spanning North America, South America, Europe, Asia, and Australia. Martin Capital's decision...
Martin Capital Partners, LLC disclosed in an April 7, 2026, SEC filing that it sold out of its entire Robert Half (NYSE:RHI) position, an estimated $4.5 million trade based on quarterly average pricing. Robert Half is a global provider of professional staffing and risk consulting services, with operations spanning North America, South America, Europe, Asia, and Australia. Martin Capital's decision to completely exit Robert Half isn't hard to understand in context -- the company has been going through a very rough stretch. Shares are down nearly 45% over the past year while the broader market has done quite well. The staffing industry has faced real headwinds: a cooling labor market, slower corporate hiring, and a shift by some employers toward leaner, more permanent workforce strategies have all weighed on companies like Robert Half that depend on demand for contract and temporary workers. Continue reading
Rob Kim New York Fed President John Williams' expectations for core inflation this year — that is, inflation excluding food and energy — haven't changed much due to the Iran war, he said in an interview that aired on Tuesday. Energy prices do influence parts of core inflation, such as airfares, he noted. Therefore, he expects energy prices to increase core inflation by one or two tenths of a perce...
Rob Kim New York Fed President John Williams' expectations for core inflation this year — that is, inflation excluding food and energy — haven't changed much due to the Iran war, he said in an interview that aired on Tuesday. Energy prices do influence parts of core inflation, such as airfares, he noted. Therefore, he expects energy prices to increase core inflation by one or two tenths of a percent. At the same time, tariff rates have come down. "We've seen some other, I think, more positive signs on underlying inflation," Williams said i n an interview on Bloomberg Television. "So overall, I'm kind of where I've been for a while with core inflation — around two and a half percent this year." With the Iran war boosting oil prices, though, he expects headline inflation to be elevated in the middle of the year. "R ight now, my view on inflation is we're looking at an inflation rate for the year as a whole of something like two and three-quarters percent," he said. "But, of course, it depends on what happens with energy prices." In assessing the economy and outlook, he's in no rush to change interest rates. As the economy stands now, " monetary policy today is really well-positioned given where all of those dynamics have been playing out and well-positioned to kind of wait and see on some of the effects of what's happening today," Williams said . He's not saying that the Federal Reserve can't act. "I think this monetary policy is exactly where it needs to be, and then we can respond if the situation changes." For the economic outlook, Williams expects GDP growth of between 2% and 2.5% for this year and the unemployment rate to stay at about 4.3%. In other words, it's an economy that's "continuing to grow, but roughly roughly at trend, driven by consumer spending and investments, especially in AI," he said. Still, a lot of the outlook will hinge on how high energy prices get and how long they stay high, he added. More on US Dollar Index Implications Of Declining Dollar...
Sandra Ro, Global Blockchain Business Council CEO, joins Katie Greifeld and Tim Stenovec on "Bloomberg Crypto." They discuss the possible timeline for the passage of the Clarity Act and the increasingly welcoming global regulatory environment. (Source: Bloomberg)
Sandra Ro, Global Blockchain Business Council CEO, joins Katie Greifeld and Tim Stenovec on "Bloomberg Crypto." They discuss the possible timeline for the passage of the Clarity Act and the increasingly welcoming global regulatory environment. (Source: Bloomberg)
PM’s most senior civil servant now has task of rewriting civil service code and ‘making it recognised for improved productivity’ Antonia Romeo, Keir Starmer’s most senior civil servant, has been handed a powerful new mandate to deliver his priorities, while Darren Jones, the No 10 chief secretary, has shifted to a less hands-on role. Romeo, who was promoted last month , took over the job of cabine...
PM’s most senior civil servant now has task of rewriting civil service code and ‘making it recognised for improved productivity’ Antonia Romeo, Keir Starmer’s most senior civil servant, has been handed a powerful new mandate to deliver his priorities, while Darren Jones, the No 10 chief secretary, has shifted to a less hands-on role. Romeo, who was promoted last month , took over the job of cabinet secretary and head of the civil service after an unsuccessful year in charge by her predecessor Chris Wormald, who was not considered effective enough by No 10. Continue reading...
MadamLead Rising geopolitical tensions are putting short interest in materials stocks back in the spotlight, highlighting investor caution around steel, chemicals, and metals firms exposed to trade and supply chain disruptions. The State Street Materials Select Sector SPDR ETF ( XLB ) has climbed about 11% year to date, leading sector gains even as broader markets remain volatile. Here are the top...
MadamLead Rising geopolitical tensions are putting short interest in materials stocks back in the spotlight, highlighting investor caution around steel, chemicals, and metals firms exposed to trade and supply chain disruptions. The State Street Materials Select Sector SPDR ETF ( XLB ) has climbed about 11% year to date, leading sector gains even as broader markets remain volatile. Here are the top 5 most shorted materials stocks, all with a market capitalization above $2B (as a % of shares outstanding): Alpha Metallurgical Resources ( AMR ) – Steel sector, short interest 15.41%, Quant rating 2.88 (Hold) Huntsman Corporation ( HUN ) – Diversified chemicals sector, short interest 14.46%, Quant rating 3.06 (Hold) Olin Corporation ( OLN ) – Commodity chemicals sector, short interest 13.31%, Quant rating 3.00 (Hold) MP Materials ( MP ) – Diversified metals & mining sector, short interest 13.09%, Quant rating 2.81 (Hold) Cleveland-Cliffs ( CLF ) – Steel sector, short interest 12.64%, Quant rating 2.74 (Hold) Here are the least shorted mid- to mega-cap materials stocks (as a % of shares outstanding): Ardagh Metal Packaging ( AMBP ) – Metal, glass & plastic containers sector, short interest 0.87%, Quant rating 4.14 (Buy) Agnico Eagle Mines ( AEM ) – Gold sector, short interest 0.87%, Quant rating 3.45 (Hold) Greif ( GEF.B ) – Metal, glass & plastic containers sector, short interest 0.93% Ecolab ( ECL ) – Specialty chemicals sector, short interest 1.08%, Quant rating 3.06 (Hold) Linde ( LIN ) – Industrial gases sector, short interest 1.20%, Quant rating 3.20 (Hold) More on State Street® Materials Select Sector SPDR® ETF Market Sector Review: Extreme Market Bifurcation The Great Commoditization: How To Invest In A Post-AI World How I Use XLB As A Leading Indicator For S&P 500 Materials large-cap stocks with A-grade EPS revisions Materials mid-cap stocks with A-grade EPS revisions