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

Crypto-related stocks including COIN, HUT, MARA, MSTR, and RIOT are trading lower due to a decline in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:05 am

Cipher Mining Inc. (NASDAQ:CIFR) announced its March 2024 production and operations update, highlighting the mining of 316 BTC, the sale of 8 BTC, and an ending balance of 1,741 BTC. The company also noted significant progress in its data center expansions and a strong first quarter despite challenges such as power curtailment and increasing network hash rate. Cipher's operational achievements include maintaining a high uptime, optimizing its portfolio, and preparing for future expansions and the upcoming Bitcoin halving.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:10 pm

A JPMorgan analyst noted Bitcoin's price soared to $67,600 in March, with mining profitability improving as the hash rate reached 600 EH/s, up 80% year-over-year. Marathon Digital Holdings, CleanSpark, Cipher Mining, Wulf Mining, and Bitfarms were highlighted for their market cap and performance. CleanSpark outperformed Bitcoin's return, with Marathon having the highest reported hash rate. The upcoming Bitcoin halving event is expected to cause volatility in stock performance.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 7:16 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:57 pm

Oxford Industries reported disappointing Q4 results and weak Q1 guidance, causing its shares to drop 6% in pre-market trading. Other stocks like Applied Therapeutics, CleanSpark, Trump Media & Technology Group, Ocugen, MicroStrategy, Bit Digital, Toyota Motor, and Cipher Mining also saw pre-market declines due to various factors including FDA review extensions, analyst ratings, and sales performance.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 9:13 am

Canaccord Genuity analyst Joseph Vafi reiterates a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintains a $5.5 price target.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:50 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Cipher Mining (NASDAQ:CIFR) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:10 pm

In Thursday's pre-market session, several information technology stocks showed significant movement. Notably, Movano, Nano Labs, Cipher Mining, Sequans Communications, Sprinklr, and AEye experienced gains, with Sprinklr and AEye recently releasing their Q4 earnings. Conversely, Wetouch Technology, Sobr Safe, Abits Group, D-Wave Quantum, Sonim Technologies, and Hitek Global saw declines, with D-Wave Quantum and Sonim Technologies also reporting their Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

Landos Biopharma, Inc. (LABP) shares surged over 170% following acquisition news by AbbVie Inc. (ABBV). Other stocks also showed significant movement in Monday's mid-day session, with notable gainers including Next.e.GO N.V. (EGOX), Altamira Therapeutics Ltd. (CYTO), and MicroAlgo Inc. (MLGO), among others. Losers for the day included Sintx Technologies, Inc. (SINT), Akanda Corp. (AKAN), and Fisker Inc. (FSR), with declines attributed to various factors such as public offerings and terminated negotiations.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 6:44 pm

Bitcoin mining stocks, including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), CleanSpark Inc (CLSK), Cipher Mining Inc (CIFR), and Hut 8 Corp (HUT), are rallying due to the broader crypto market's strength, particularly bitcoin's surge. This surge is attributed to rising demand following the approval of spot bitcoin ETFs and dovish comments from the Federal Reserve. The upcoming Bitcoin halving event in April is also anticipated as a potential market catalyst.

Portfolio Pulse from Adam Eckert

March 25, 2024 | 5:44 pm

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