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

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:34 pm

In Friday's intraday session, several IT stocks experienced significant movements. AppFolio's stock surged 28.3% after their Q4 earnings report. Mawson Infra Gr, Synchronoss Technologies, Cipher Mining, and Cyngn also saw gains. Conversely, Mobilicom, Ostin Technology Group, Dave, GSI Technology, QuickLogic, and Intel reported losses, with Intel's drop following their Q4 earnings release.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:31 pm

Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on Cipher Mining (NASDAQ:CIFR) but reduced the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:18 pm

BitFury Group has announced its intention to distribute shares in Cipher Mining Inc. to diversify Cipher's shareholder base and unlock potential value for the company.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:34 pm

In Monday's pre-market session, several IT stocks showed significant movement. Inpixon (INPX) saw a substantial increase of 56.1%, while SMX (Security Matters) rose by 33.61%. UTime (WTO) and Pixelworks (PXLW) also experienced gains of 19.04% and 18.84%, respectively. Conversely, SEALSQ (LAES) dropped by 27.1%, and other stocks such as Alpine 4 Holdings (ALPP), BIO-key Intl (BKYI), SAI.TECH Global (SAI), Agora (API), and Cipher Mining (CIFR) saw declines ranging from 5.7% to 8.77%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 1:05 pm

In Friday's pre-market session, several information technology stocks showed significant movement. Pixelworks (PXLW) led the gainers with an 18.8% increase to $1.64, while SEALSQ (LAES) led the losers with a 28.7% decrease to $2.26. Other notable gainers included BTCS, FOXO Technologies, CISO Global, Inpixon, and BTC Digital, with increases ranging from 7.85% to 12.62%. On the losing side, Agora, Infobird Co, Greenidge Generation Hldg, Stronghold Digital Mining, and Cipher Mining saw declines between 5.13% and 6.55%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 1:05 pm

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:26 pm

Cipher Mining's joint venture has entered into agreements with Canaan to purchase 16,700 units of Avalon A1466 miners, causing Cipher Mining's shares to trade higher.

Portfolio Pulse from Bill Haddad

January 04, 2024 | 5:44 pm

Cipher Mining Inc (CIFR) and Canaan Inc (CAN) have entered into an agreement for the purchase of 16,700 A1466 model Bitcoin mining machines. Cipher Mining previously bought 11,000 similar models from Canaan, which have been delivered and installed. The new machines are expected to be delivered in April and May 2024. The companies' shares are trending, potentially influenced by an increase in Bitcoin's price, which is up 2.61% over 24 hours and more than 150% over a year. Cipher Mining shares are up 3.82% at $4.08, and Canaan shares are up 2.45% at $2.09.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 2:49 pm

Canaan Inc. (CAN) has secured follow-on purchase orders for over 17,000 Bitcoin mining machines from Cipher Mining Inc. (CIFR) and Stronghold Digital Mining, Inc. (SDIG). Cipher's JV entities bought 16,700 A1466 model Avalon Miners, while Stronghold purchased 1,100 A1346 model Avalon Miners. Both companies have previously installed Canaan's machines at their facilities, and the new orders will be delivered in 2024. The CEOs of Canaan, Cipher, and Stronghold expressed positive sentiments about the partnerships and the performance of Canaan's mining technology.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:35 pm

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