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

6.92

Mkt cap

2.5B

Volume

14M

High

7.20

P/E Ratio

-47.73

52-wk high

7.99

Low

6.50

Div yield

N/A

52-wk low

2.15

Cipher Mining (NYSE:CIFR) has seen a rise in short interest, with 10.66% of its float sold short, higher than its peers' average of 6.97%. This indicates increased bearish sentiment, but it doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 5:45 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $9 price target.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:43 pm

Cipher Mining Inc. released its September 2024 operational update, reporting the mining of 155 Bitcoin and a month-end operating hashrate of 9.31 EH/s. The company sold 123 Bitcoin and held 1,512 Bitcoin by the end of the month.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:07 pm

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Several major stocks, including Stellantis, MicroStrategy, and Bit Digital, are experiencing declines in Monday's pre-market session. Stellantis shares fell sharply after lowering its 2024 operating margin guidance. Other stocks like Bitdeer Technologies, Corvus Pharmaceuticals, and Venus Concept also saw significant pre-market losses.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:30 pm

Bitcoin mining stocks, including Cipher Mining, CleanSpark, Marathon Digital Holdings, and Riot Platforms, are experiencing gains due to positive analyst coverage and a rise in the cryptocurrency market. Cipher Mining's stock surged after announcing a new data center and receiving Outperform ratings from analysts.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 6:03 pm

Cipher Mining shares rose following Northland Capital Markets' initiation of coverage with an Outperform rating and a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 5:01 pm

Several information technology stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included Cipher Mining, MicroAlgo, and Alpha Technology Group, while Banzai International and Intchains Gr were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 2:42 pm

Several US-listed stocks saw significant gains on Wednesday, with Hewlett Packard Enterprise (HPE) rising 5.5% after a Barclays upgrade. Progress Software (PRGS) and Nvidia (NVDA) also saw notable increases due to positive analyst actions and strategic moves.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 2:13 pm

Cipher Mining (NASDAQ:CIFR) has received diverse analyst ratings, with 8 analysts providing insights ranging from bullish to somewhat bullish. The average 12-month price target has increased to $7.56. Analysts have maintained or raised their ratings, reflecting positive sentiment. Cipher Mining shows strong financial performance with impressive revenue growth and effective debt management.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 2:00 pm

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