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

The article lists the stocks that gained and lost the most in Thursday's mid-day session. Among the gainers were Intelligent Bio Solutions Inc., Astra Space, Inc., and Tempest Therapeutics, Inc., which saw significant increases due to positive quarterly results and acquisition proposals. Among the losers were Enviva Inc., ContraFect Corporation, and Atara Biotherapeutics, Inc., which saw significant decreases due to poor quarterly results and disappointing clinical trial outcomes.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 6:13 pm

Bitfury Group has sold 10 million shares of Cipher Mining Inc. (NASDAQ:CIFR) at $2.95 per share in a private transaction. This represents 4.95% of Bitfury's current ownership of Cipher's common shares. After the sale, Bitfury will hold approximately 75.37% of Cipher's common stock. Bitfury has also entered into a 60-day lock-up agreement, preventing it from selling or transferring any of the common stock before January 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:27 pm

Cipher Mining (NASDAQ:CIFR) has received six analyst ratings in the last quarter, with three being bullish, three somewhat bullish, and none being bearish or indifferent. The average 12-month price target for the company has increased by 33.41% from the previous average, now standing at $5.67.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 12:00 pm

Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $4.5 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:50 am

Cipher Mining has filed for an offering of 2.4 million shares of its common stock directly to Trinity Mining Group. The offering is pursuant to the prospectus supplement.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 6:54 pm

Cipher Mining (NASDAQ:CIFR) reported Q3 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.04) by 150 percent. However, the company's quarterly sales of $30.30 million missed the analyst consensus estimate of $36.74 million by 17.52 percent.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:06 pm

Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for October 2023, reporting that it mined 428 BTC, sold 466 BTC, and held 516 BTC by the end of the month. The company also reported a 3% increase in production compared to the previous month, despite a 9% increase in the average monthly network hash rate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:14 pm

Crypto stocks are trading higher following Bitcoin's surge to $35,000, its highest level since 2022. Stocks that may be affected include BTBT, CAN, CIFR, CLSK, COIN, HUT, MARA, and RIOT.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:55 pm

During Thursday's pre-market session, several information technology stocks experienced significant movements. ComSovereign Holding, MMTEC, Alpine 4 Holdings, Mawson Infra Gr, Cipher Mining, and MicroCloud Hologram saw increases in their share prices, while Semtech, Arteris, Actelis Networks, Cyngn, UTime, and Sobr Safe experienced decreases.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 1:06 pm

The article reports on the performance of 12 Information Technology stocks in Wednesday's after-market session. The gainers were Peraso (PRSO), Ondas Holdings (ONDS), Applied Optoelectronics (AAOI), Edgio (EGIO), Cipher Mining (CIFR), and Otonomo Technologies (OTMO). The losers were NVE (NVEC), VirnetX Holding (VHC), UTime (WTO), Lantronix (LTRX), AgileThought (AGIL), and Radcom (RDCM).

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 9:31 pm

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