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

In Thursday's pre-market session, several stocks are moving higher despite mixed U.S. stock futures, with the Dow Jones futures down about 40 points. Altice USA, Inc. (ATUS) saw a significant rise of 14.4% after a 12% gain on Wednesday. TeraWulf Inc. (WULF) continued its upward trend with a 10.8% increase following a 30% gain. Nurix Therapeutics, Inc. (NRIX), HIVE Digital Technologies Ltd. (HIVE), and Bit Digital, Inc. (BTBT) all saw pre-market gains, with BTBT rising due to an expansion of its Bitcoin mining fleet and a surge in Bitcoin's price. Cipher Mining Inc. (CIFR) also benefited from the Bitcoin price increase, rising 6.3%. Bilibili Inc. (BILI), Bitdeer Technologies Group (BTDR), and Maxeon Solar Technologies, Ltd. (MAXN) each saw pre-market gains of around 4.9%.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 10:41 am

Shares of Bitcoin miners Cipher Mining Inc (CIFR), CleanSpark Inc (CLSK), and Hut 8 Corp (HUT) are trading higher as Bitcoin's price rises. Bitcoin crossed $40,000 in early December and has been volatile. The crypto rally is driven by optimism for a potential spot ETF, with Grayscale refiling a Bitcoin ETF application. Analysts expect SEC approval in early 2024. Federal Reserve rate cut expectations for 2024 are also boosting the crypto market. CIFR shares rose 7.03%, CLSK 10.1%, and HUT 5.04%.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 3:29 pm

Coherus BioSciences, Inc. (NASDAQ:CHRS) shares surged 34.8% in pre-market trading after the FDA approved UDENYCA ONBODY for pegfilgrastim-cbqv. Other stocks showing pre-market gains include Burford Capital Limited (NYSE:BUR), TeraWulf Inc. (NASDAQ:WULF), Bitfarms Ltd. (NASDAQ:BITF), Bit Digital, Inc. (NASDAQ:BTBT), HIVE Digital Technologies Ltd. (NASDAQ:HIVE), Cipher Mining Inc. (NASDAQ:CIFR), and Altimmune, Inc. (NASDAQ:ALT). U.S. stock futures were slightly lower, with Dow Jones futures down about 5 points.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:08 am

In Tuesday's after-market session, several information technology stocks experienced significant movements. ComSovereign Holding (COMS) shares increased by 10.5%, while Backblaze (BLZE) rose by 4.9%. Movano (MOVE) and Airspan Networks Hldgs (MIMO) also saw gains of 4.82% and 4.7%, respectively. Conversely, Sigmatron Intl (SGMA) fell by 14.4%, and Cyngn (CYN) dropped by 6.46%, among other decliners.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 9:31 pm

Micron Technology, Inc. (NASDAQ:MU) reported Q1 revenue of $4.73 billion, surpassing estimates, but posted a loss of 95 cents per share, missing expectations. The company's strong guidance led to a 5.7% increase in pre-market trading. Other stocks showing pre-market gains include Calliditas Therapeutics, Lands' End, Canaan Inc., Immunovant, TeraWulf, Cipher Mining, RingCentral, and HIVE Digital Technologies, with several influenced by Bitcoin strength and positive company-specific news.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 10:27 am

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

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:39 am

Compugen Ltd. (CGEN) shares soared by over 200% after Gilead Sciences announced an exclusive licensing agreement for Compugen's pre-clinical immunotherapy program. Other stocks also moved significantly in Tuesday's mid-day session, with various companies experiencing gains due to positive developments such as FDA approvals, business accreditations, and favorable analyst upgrades. Conversely, some stocks fell sharply due to negative events like pricing of public offerings, discontinuation of joint development programs, and unfavorable patent litigation outcomes.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 6:34 pm

In Tuesday's intraday session, several IT stocks experienced significant movements. Neonode, Infobird Co, BIT Mining, Ebix, DZS, and Cipher Mining saw their shares rise, with Neonode leading at a 25.5% increase. Conversely, GSE Systems, AEye, TSR, ComSovereign Holding, Iris Energy, and CalAmp faced declines, with GSE Systems dropping by 33.2%. Market capitalizations varied, with Cipher Mining at the high end with $902.2 million and GSE Systems at the low end with $5.5 million.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 5:32 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $6 price target for the company.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:06 pm

HEICO Corporation reported Q4 sales that exceeded expectations, with shares rising 3.1% in pre-market trading. Other stocks also moved higher in the pre-market session, including Jin Medical International, Shengfeng Development, Cipher Mining, Enel Chile, Marathon Digital Holdings, Chewy, and Riot Platforms, with several influenced by Bitcoin's strength and insider buying activity.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 10:44 am

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