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 Inc. (NASDAQ:CIFR) released its unaudited production and operations update for August 2023. The company produced ~357 BTC in August, a ~15% decrease MoM, and sold ~355 BTC, ending the month with a balance of ~519 BTC. Cipher continued to expand operations at its Odessa facility and expects to energize all rigs in early September, bringing the total self-mining hash rate to 7.2 EH/s. The company also added a $10mm term credit facility with Coinbase to its treasury management platform.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:08 pm

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:37 pm

Canaccord analyst Joseph Vafi reiterated a Buy rating on several digital asset, financial technology, and IT and business services stocks. The companies include Cipher Mining Inc, HIVE Digital Technologies Ltd, Hut 8 Mining Corp, Iris Energy Limited, ACI Worldwide, Inc, Open Lending Corp, Nuvei Corp, Payfare, Inc, Pagaya Technologies Ltd, Concentrix Corp, and ICF International, Inc. The analyst believes these companies are well-positioned for potential changes in the regulatory landscape and the introduction of next-generation technology.

Portfolio Pulse from Anusuya Lahiri

August 28, 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.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:46 pm

Mining and crypto-related stocks are experiencing a surge due to a rebound in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:37 pm

The article lists the stocks that gained and lost the most in Monday's mid-day session. Among the gainers were China SXT Pharmaceuticals, Timber Pharmaceuticals, and MediaCo Holding, while the losers included AgileThought, Napco Security Technologies, and Super League Gaming. The article also mentions that Palo Alto Networks rose after reporting better-than-expected Q4 earnings and a strong billings outlook, and that Moderna rose after announcing that preliminary clinical trial data confirmed its updated COVID-19 vaccine showed a significant boost in neutralizing antibodies against certain variants.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 6:36 pm

Over the past 3 months, 5 analysts have published bullish opinions on Cipher Mining (NASDAQ:CIFR) stock, with an average price target of $4.6, an increase of 25.34% from the previous average price target of $3.67.

Portfolio Pulse from Benzinga Insights

August 16, 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 to $4.5.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 8:23 am

HC Wainwright & Co. analyst Mike Colonnese maintains a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $3 to $4.5.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 10:17 am

Needham analyst John Todaro has reiterated a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and maintained a $5 price target.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 9:41 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.