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

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:39 pm

In Wednesday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included MicroAlgo, Airship AI Holdings, Cemtrex, Cipher Mining, Blend Labs, and MicroStrategy, with increases ranging from 19.19% to 36.7%. On the downside, Phunware, WiSA Technologies, Xerox Holdings, Nvni Group, Dave, and Perfect experienced declines between 10% and 23.1%. Cipher Mining and Dave released their Q4 earnings yesterday.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:30 pm

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintained a $5.5 price target.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:55 pm

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

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:35 pm

HC Wainwright & Co. analyst Mike Colonnese has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintained a price target of $4.5. This reaffirmation of confidence in CIFR's potential could influence its stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:14 pm

In Tuesday's pre-market session, several Information Technology stocks showed significant movement. Notably, Phunware, Viant Technology, BigBear.ai Holdings, Casa Systems, Cipher Mining, and Dave reported gains, with Phunware leading at a 20.0% increase. Conversely, GitLab, SEMrush Holdings, Presto Automation, SmartRent, Wetouch Technology, and Argo Blockchain experienced declines, with GitLab seeing the largest drop of 20.8%. The movements were largely attributed to the release of Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

Cipher Mining (NASDAQ:CIFR) reported Q4 sales of $126.84M, surpassing the $41.78M estimate, marking a 203.60% beat and a 4.08K% increase from last year's $3.04M. Adjusted earnings were $27.8M.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:03 pm

Earnings reports for March 5, 2024, include a mix of expected quarterly losses and earnings from various sectors. Notable companies like NIO, Target, and Nordstrom are among those reporting. The reports span across different industries, including automotive, retail, biotech, and technology, indicating a broad market impact.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 10:00 am

Cipher Mining (NASDAQ:CIFR) is scheduled to release its quarterly earnings report on March 5, 2024, with an expected EPS of $-0.04. Analysts and investors will be looking for an earnings beat and positive guidance for future growth. Historical data shows mixed reactions to past earnings reports, with the stock price fluctuating based on actual EPS outcomes and guidance. Shares have seen a significant increase over the last year, up 105.77%, indicating positive sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:01 pm

Cipher Mining Inc. (NASDAQ:CIFR) announced its February 2024 operational update, reporting the production of approximately 334 BTC despite a 9.4% increase in the average monthly network hash rate. The company sold about 33 BTC and ended the month with a balance of approximately 1,433 BTC. Cipher also announced it will host its Q4 and Full Year 2023 results call on March 5th.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:10 pm

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