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 Monday's after-market session, several information technology stocks experienced significant movements. Crexendo, Edgio, UTime, MMTEC, Cipher Mining, and Indie Semiconductor were among the gainers, with increases ranging from 2.84% to 12.3%. On the losing side, Saverone 2014, DatChat, SilverSun Technologies, Neonode, Alpha Technology Group, and Spectaire Holdings saw their stock prices decline between 4.05% and 9.6%.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 9:31 pm

In Monday's intraday session, several IT stocks experienced significant movements. Crexendo, Quantum, Cipher Mining, Neonode, Canaan, and CSP saw gains, with Crexendo leading at a 22.4% increase. Conversely, Ebix, Inpixon, ICZOOM Group, Maxeon Solar Technologies, Alpha Technology Group, and Akerna faced declines, with Ebix dropping 69.6%. CSP's rise follows their Q4 earnings release 4 days ago.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 5:32 pm

ZimVie Inc. (ZIMV) shares surged after announcing the sale of its spine business to H.I.G. Capital for $375 million, including $315 million in cash and a $60 million promissory note. United States Steel Corporation (X) also saw a significant rise after Nippon Steel's acquisition announcement. Other stocks like PGT Innovations (PGTI) and Cleveland-Cliffs Inc. (CLF) recorded gains, with PGTI being acquired by Masonite and CLF responding to the U.S. Steel acquisition news.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 3:57 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.