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

Needham analyst John Todaro maintains a Buy rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $5 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:38 am

Cipher Mining shares are trading lower following a Q2 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:08 am

Cipher Mining (NASDAQ:CIFR) reported Q2 2024 adjusted EPS of $(0.01), beating the analyst estimate of $(0.04). However, sales of $36.808 million missed the $38.062 million estimate. Sales increased by 17.88% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:02 am

Shares of Kellanova (NYSE:K) surged 14.5% in pre-market trading following a report that Mars is considering acquiring the company. Other notable pre-market movers include MGO Global, Inc. (NASDAQ:MGOL), Zevra Therapeutics, Inc. (NASDAQ:ZVRA), and Aqua Metals, Inc. (NASDAQ:AQMS), among others.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 12:54 pm

Shares of crypto-linked stocks are trading lower after Bitcoin fell below $50,000.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:59 am

Several major stocks, including MicroStrategy, Cipher Mining, and TeraWulf, are experiencing significant declines in Monday's pre-market session, driven by a sharp drop in Bitcoin prices and other market factors.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 10:39 am

Shares of crypto-linked stocks are trading lower amid weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:28 pm

Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for July 2024, reporting 178 BTC mined, 108 BTC sold, and 2,270 BTC held. The company deployed 75,000 mining rigs and achieved a month-end operating hash rate of 8.7 EH/s.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:04 pm

Shares of crypto-linked stocks are trading lower amid a drop in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:51 pm

July saw a stark contrast in the Bitcoin mining sector, with traditional miners like Cipher Mining and Riot Platforms thriving, while AI-exposed miners such as Iris Energy and TeraWulf faced significant setbacks. The broader Bitcoin market experienced volatility, with prices fluctuating and mining profitability declining.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 1:23 pm

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