On September 11, Cipher Mining Inc. rose 5.14% in regular trading, trading at $16.975/share, with turnover of $131 million. The stock continued to gain momentum as the market digested the company's recently announced lateral pipeline development initiative.

On the news front, Cipher Mining Inc. recently disclosed that it has commenced developing lateral pipelines at multiple sites to deliver natural gas capable of supporting up to 2.5 gigawatts of electricity for data centers. The company stated that pipeline construction is a crucial step to ensure new power availability at the sites before the end of the year. Cipher plans to leverage a bring-your-own-generation capacity model, allowing data centers to secure their own energy supply independently of the electrical grid, and intends to lease developed capacity to premier tenants for high-performance computing workloads.

The announcement builds on prior milestones, including early delivery of its first data center capacity at the Black Pearl campus — two months ahead of schedule — and the acquisition of a development option on a new Texas site, Apollo. The broader sector showed strength, with BitMine Immersion Technologies up 8.84% and Strategy up 5.34% on the day.

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