Small-cap stock Cipher Digital (NASDAQ: $CIFR) has big ambitions for its future.\u00a0<\/span><\/span><\/p>\n Like a lot of cryptocurrency miners, Cipher Digital is pivoting to data centres and high-performance computing (HPC). However, it is doing it on a very large scale.\u00a0<\/span><\/span><\/p>\n The company has said that its transition from a pure-play Bitcoin (CRYPTO: $BTC) miner to an artificial intelligence (A.I) infrastructure firm is about becoming a \u201clandlord\u201d for hyperscalers.<\/span><\/span><\/p>\n More From Cryptoprowl:<\/strong><\/p>\n To that end, Cipher Digital has secured deals to lease its data centres to mega-cap technology companies such as Amazon (NASDAQ: $AMZN) and Google parent company Alphabet (NASDAQ: $GOOGL).<\/span><\/span><\/p>\n Cipher Digital, which rebranded from Cipher Mining in February of this year, also has a long-term lease with Fluidstack, a specialized and privately held A.I. cloud platform.<\/span><\/span><\/p>\n By all accounts, the pivot to A.I. computing has been going great for Cipher Digital, sending its stock up an astounding 645% over the last 12 months to trade at $17.36 U.S. a share.<\/span><\/span><\/p>\n However, even with that gargantuan run, CIFR stock has a market capitalization of $6.95 billion U.S., making it a small-cap stock.\u00a0<\/span><\/span><\/p>\n The company is not yet profitable and there is no dividend on offer. But many analysts see the bull run in Cipher Digital continuing as the company becomes a landlord to a growing number of technology giants.\u00a0<\/span><\/span><\/p>\n Rosenblatt Securities just reiterated a Buy rating on CIFR stock with a $24 U.S. price target, which is 38% higher than where the shares currently trade.\u00a0<\/span><\/span><\/p>\n