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

Shares of software stocks are trading higher amid tech strength following April CPI data.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 7:47 pm

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and increased the price target from $5.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:37 pm

Cipher Mining (NASDAQ:CIFR) has been analyzed by 12 analysts, showing a bullish trend with an average 12-month price target of $5.08, marking a 12.89% increase from the previous target. The company's financial performance is strong, with significant revenue growth, high net margin, and excellent ROE and ROA, positioning it above industry averages.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

Needham analyst John Todaro reiterates a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:44 am

HC Wainwright & Co. analyst Mike Colonnese 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

May 07, 2024 | 6:02 pm

In Tuesday's intraday session, several information technology stocks experienced significant movements. MMTEC, ReAlpha Tech Corp, Alpha Technology Group, Thoughtworks Holding, and Zeta Global Holdings saw notable gains, with increases attributed to factors such as Q1 earnings reports. Conversely, Strong Global, Transact Technologies, Tungray Technologies, Palantir Technologies, Cipher Mining, and Rubicon Technologies faced declines, with some linked to their Q1 earnings outcomes.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

Cipher Mining (NASDAQ:CIFR) reported Q1 2024 adjusted EPS of $0.21, significantly beating the $0.01 estimate, but missed sales estimates with $48.137M against the expected $50.752M. This represents a 119.85% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:09 am

Cipher Mining Inc. (NASDAQ:CIFR) reported its April 2024 production and operations update, highlighting the production of approximately 296 Bitcoin (BTC) and holding a total of 2,033 BTC. The company did not sell any BTC in April. Cipher's operational achievements include maintaining a month-end operating hash rate of 7.71 EH/s with 70,000 deployed mining rigs. The update also noted the impact of Bitcoin's fifth epoch, which reduced new BTC issuance to 3.125 every 10 minutes, and Cipher's anticipation of benefiting from its market positioning as a low-cost producer.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:56 pm

Crypto stocks CIFR, CLSK, COIN, HUT, MARA, RIOT, and WULF are trading lower due to a decline in Bitcoin prices ahead of the Federal Reserve's interest rate decision.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:37 am

Crypto-related stocks are trading lower due to a decrease in Bitcoin prices. Stocks like CLSK, MARA, and RIOT are also down, partly in sympathy with MicroStrategy's post-earnings drop.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:55 am

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