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

Northland Capital Markets has initiated coverage on Cipher Mining with an Outperform rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:11 pm

Macquarie analyst Paul Golding has initiated coverage on Cipher Mining (NASDAQ:CIFR) with an Outperform rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:29 pm

Cipher Mining Inc (NASDAQ:CIFR) shares rose after announcing the acquisition of a 300 MW data center site in West Texas for $67.5 million. The site is ready for large-scale HPC or Bitcoin mining, and Cipher's portfolio is expected to grow to over 2.5 GW across 10 sites.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 2:41 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:46 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

Shares of crypto companies are experiencing an uptick as Bitcoin prices rise.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:18 pm

Shares of crypto companies are trading lower as Bitcoin's price declines, potentially influenced by mixed economic data affecting rate cut expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:53 pm

Cipher Mining Inc (NASDAQ:CIFR) shares are down after the company provided an August production update and filed for a mixed shelf offering. Cipher mined 160 Bitcoin, sold 136, and ended with 2,284 Bitcoin. The company is expanding its power portfolio and filed a new shelf registration to raise up to $725.7 million.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 3:59 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $9 price target.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:57 pm

Cipher Mining Inc. released its August 2024 operational update, reporting 160 BTC mined, 136 BTC sold, and 2,284 BTC held. The company deployed 76,000 mining rigs with an operating hash rate of 9.1 EH/s.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:38 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.