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Cipher Mining Inc CIFR shares are climbing Tuesday as AI infrastructure names stage a broad recovery from a prolonged stretch of selling pressure, with an added tailwind from legislative optimism sweeping through the crypto space.
- Cipher Digital stock is charging ahead with explosive momentum. What’s driving CIFR stock higher?
Bessent’s One-Yard-Line Comment Sets the Crypto Market on Fire
The afternoon’s catalyst arrived from an unexpected corner of Washington. Treasury Secretary Scott Bessent stepped forward Tuesday to characterize the Clarity Act’s legislative journey as essentially complete, telling reporters the bill was sitting at the one-yard line in the Senate and calling on lawmakers to push it over before heading home for recess, Bloomberg reported.
The Clarity Act has been one of the most closely watched pieces of legislation in the digital asset world for years, promising to establish a coherent market structure framework that the industry has long argued is necessary for institutional capital to feel comfortable entering the space at scale. Bitcoin (CRYPTO: BTC) climbed toward $67,000 in the hours that followed while Coinbase shares surged more than 11%.
Broader social media chatter suggesting the White House had reached an agreement on an ethics package attached to the bill and transmitted the language to key Senate Republicans added further fuel, with industry participants viewing the development as a potential path to updated bill text being released in short order.
A Former Bitcoin Miner Now Playing the AI Infrastructure Trade
While the crypto rally is lifting the group broadly, Cipher is now primarily an AI infrastructure company, having pivoted away from its mining origins to redirect its power assets and data center capabilities toward serving artificial intelligence compute demand. The stock is catching a bid today largely alongside other former miners that have made a similar transition and are seeing renewed interest after a difficult stretch of selling pressure across the sector.
That said, the company still mines Bitcoin and held $76,150 worth of the digital currency on its balance sheet as of March 31, 2026, down from $125,400 at year-end. With Bitcoin pushing toward multi-month highs today, that residual exposure may be providing a modest additional boost on top of the broader AI infrastructure recovery.
CIFR Shares Are Booming
CIFR Price Action: Cipher shares were up 11.20% at $22.84 at the time of publication on Tuesday, according to Benzinga Pro.
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This article Cipher Stock Surges as Bitcoin Rises on CLARITY Act originally appeared on Benzinga.com.
