Riot Platforms, MARA, CleanSpark, Cipher land Outperform rates from Macquarie [Seeking Alpha]
Cipher Mining Inc. (CIFR)
Company Research
Source: Seeking Alpha
Cipher Mining ( NASDAQ: CIFR ) in a recent note on the expectation that the fundamental drivers backing bitcoin's price appreciation "could continue, if not accelerate, making BTC production accretive vs. equity issued to grow." Cipher ( CIFR ) shares rose markedly on the upbeat coverage, jumping 18% in Wednesday morning trading. Meanwhile, Riot ( RIOT gained 1.2% , MARA ( MARA ), formerly known as Marathon Digital, edged up 0.2% , and CleanSpark ( CLSK advanced 1.9% . Note that bitcoin ( BTC-USD ) also trended higher at press time, rising 0.8% to $63.7K. The fundamental drivers that analyst Paul Golding referred to include "loose fiscal policy, loosening monetary policy, fears of sovereign debt crises, capital controls, geopolitical unrest, institutional value transfers, cross-border payments, web3, and more." Also, "the concentration of commodity resources — power infrastructure, compute, and bandwidth — in our view, represent tangible value beyond forecast appreciation in bit
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CIFR
News
- Cipher Mining Inc. (NASDAQ: CIFR) had its price target raised by analysts at BTIG Research from $6.00 to $9.00. They now have a "buy" rating on the stock.MarketBeat
- ETF flows on track to hit record above $1 trillion by year-end, VettaFi data shows [CNBC]CNBC
- Newsflash: Cipher Mining Inc. (NASDAQ:CIFR) Analysts Have Been Trimming Their Revenue Forecasts [Yahoo! Finance]Yahoo! Finance
- Cipher Mining Inc. (NASDAQ: CIFR) had its price target raised by analysts at Macquarie from $6.00 to $7.25. They now have an "outperform" rating on the stock.MarketBeat
- Cipher Mining Announces October 2024 Operational UpdateGlobeNewswire
CIFR
Earnings
- 10/31/24 - Beat
CIFR
Sec Filings
- 11/22/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CIFR's page on the SEC website