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 has entered into an agreement through its joint venture entities to purchase 16,700 units of Avalon A1466 miners, with delivery expected in Q4 of 2024. This move is likely to expand Cipher Mining's operational capabilities and enhance its mining efficiency once the units are deployed.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:16 pm

In Tuesday's after-market session, several Information Technology stocks experienced significant movements. Sigma Additive Solutions (SASI) saw a substantial increase of 94.1%, while Soluna Holdings (SLNH) and Akerna (KERN) also rose by 13.61% and 9.03%, respectively. Other gainers included Remark Holdings (MARK), ARB IOT Group (ARBB), and Cipher Mining (CIFR). Conversely, Transphorm (TGAN) led the losers with an 11.8% drop, followed by declines in Infobird Co (IFBD), Actelis Networks (ASNS), CalAmp (CAMP), DatChat (DATS), and Verb Tech (VERB).

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 9:30 pm

Cipher Mining Inc. (NASDAQ:CIFR) reported a 7.4% increase in Bitcoin production in December 2023, mining approximately 465 BTC. The company sold about 228 BTC and ended the month with a balance of 796 BTC. Cipher Mining also acquired new mining rigs and reported $120 million in liquidity with no debt. The company's operational update highlighted optimal mining conditions and a focus on operations as key factors in their increased production.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:17 pm

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 12:52 pm

Whale activity in the Information Technology sector has been detected, indicating large transactions in options for several companies. The activity includes both bullish and bearish sentiments for different stocks, with varying expiration dates and strike prices. Notable transactions were observed for CAN, MARA, MSFT, CIFR, NVDA, RIOT, AMD, INTC, MSTR, and CLSK. The details of the transactions, such as the type of option (CALL or PUT), sentiment, expiration date, strike price, total trade price, open interest, and volume, provide insights into potential market movements.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:35 pm

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 4:48 pm

Global Mofy Metaverse Limited (GMM) shares plummeted by 37.2% after announcing a $10 million follow-on offering. Other stocks also experienced declines, including Canaan Inc., Bitdeer Technologies Group, TeraWulf Inc., Applied Optoelectronics, Inc., and several others. Notably, Hut 8 Corp. received court approval to proceed with mining operations amid Celsius Network's bankruptcy, and Coinbase Global's director sold over 100k shares. Lyft shares dropped after a Nomura downgrade and insider selling by the CAO.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 3:45 pm

FLJ Group Limited's shares soared 94.8% in pre-market trading after completing a $180 million cash purchase of Alpha Mind Technology and terminating an equity acquisition agreement with Lianlian Holdings Inc. Other stocks such as Oculis Holding AG, Cipher Mining Inc., Coherus BioSciences, Inc., AMTD Digital Inc., Rexford Industrial Realty, Inc., Bit Digital, Inc., Cronos Group Inc., and Canaan Inc. also saw gains in pre-market trading.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 10:40 am

NeoGenomics, Inc. (NASDAQ:NEO) shares dropped 16.4% after losing a preliminary injunction in a patent lawsuit against its RaDar test. Other stocks also moved lower, including Calliditas Therapeutics, Wheels Up Experience, Hut 8 Corp, Iris Energy, Conduit Pharmaceuticals, Canaan Inc, Cipher Mining, Marathon Digital Holdings, Energy Fuels, Aspen Aerogels, and Riot Platforms, with various reasons such as FDA approvals, financial updates, and Bitcoin's pullback.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:53 pm

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:48 pm

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