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

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:11 pm

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. Notable activity included bullish calls for NVDA, INTC, MSFT, AAPL, CIFR, and TSM, bearish calls for AMD and DOCN, and bullish puts for INTC, AAPL, and BOX. The activity suggests varying investor expectations for these stocks, with specific attention to strike prices and expiration dates.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:35 pm

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:54 pm

JPMorgan analyst Reginald L. Smith upgraded Riot Platforms Inc (NASDAQ:RIOT) to Overweight, predicting a 35% upside to a $15 price target by Dec. 2024. Smith also sees a 134% growth potential for Iris Energy Ltd. (NASDAQ:IREN), setting a price target of $10.50. Riot's hashrate growth and unique strengths, including industry-leading power contracts and liquidity, are key catalysts. Iris Energy's focus on renewable energy-powered data centers and exposure to AI and HPC opportunities are highlighted. Cipher Mining Inc (NASDAQ:CIFR) was mentioned with a Neutral rating but no price target.

Portfolio Pulse from Surbhi Jain

March 20, 2024 | 12:51 pm

Eight analysts have recently shared their views on Cipher Mining (NASDAQ:CIFR), with ratings ranging from bullish to bearish. The average 12-month price target is now $5.06, down from $6.00, indicating a 15.67% decrease. Cipher Mining has shown remarkable financial performance, with a revenue growth rate of 1329.67% as of December 31, 2023, a net margin of 25.88%, and an ROE of 2.69%. The company's debt-to-equity ratio is 0.04, reflecting prudent financial management.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 3:00 pm

Needham analyst John Todaro reiterates a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:07 am

Crypto stocks, including BTDR, CIFR, CLSK, and WULF, are experiencing an increase in their trading values due to recent fluctuations in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 7:50 pm

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:47 pm

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:38 am

Cipher Mining shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:56 pm

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