Streetbeat News

CIFR

Cipher Mining Inc.

https://www.ciphermining.com

Industry

Financial - Capital Markets

Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.

Open

6.59

Mkt cap

2.3B

Volume

5.9M

High

6.67

P/E Ratio

-44.20

52-wk high

7.99

Low

6.27

Div yield

N/A

52-wk low

2.15

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating for Cipher Mining (NASDAQ:CIFR) and maintained a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:02 pm

Cipher Mining (NASDAQ:CIFR) has been evaluated by 11 analysts over the past three months, with a majority holding bullish views. The average 12-month price target has increased to $7.64, indicating positive sentiment. Analysts have maintained or raised their ratings, reflecting confidence in the company's performance. Cipher Mining is an emerging technology company in the Bitcoin mining sector, showing solid revenue growth and strong financial health despite challenges.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 6:01 pm

Needham analyst John Todaro has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintained a price target of $7.5.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:08 am

HC Wainwright & Co. analyst Mike Colonnese has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintained a $7 price target.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:53 am

Shares of crypto-related companies are trading lower in sympathy with Coinbase, potentially due to a drop in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:52 pm

Cipher Mining reported a Q3 2024 adjusted EPS of $(0.01), beating the estimate of $(0.08), but sales of $24.10M missed the $29.22M estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:05 am

Cipher Mining (NASDAQ:CIFR) is set to release its quarterly earnings report on October 31, 2024. Analysts expect an EPS of $-0.07. The company's past performance shows mixed results, with a notable EPS beat last quarter but a subsequent share price drop. Analysts rate Cipher Mining as 'Outperform' with a potential 43.23% upside. The company is expanding in the Bitcoin mining sector, showing positive revenue growth but trailing peers in the Information Technology sector.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 5:04 pm

Shares of crypto-related companies are experiencing an uptick due to a rise in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:07 pm

Software companies' shares are trading higher, potentially due to market strength driven by NVIDIA and UnitedHealth Group.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:28 pm

Cipher Mining is set to acquire 1.5 GWOff data center sites in Texas, with three sites each having a capacity of 500MW. The sites are suitable for HPC and bitcoin mining.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:01 pm

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