Why Cipher Mining Stock Rocketed 12% Higher on Wednesday [Yahoo! Finance]
Cipher Mining Inc. (CIFR)
Company Research
Source: Yahoo! Finance
news items that pushed the company's stock well higher on Wednesday. The Bitcoin miner's share price ballooned by more than 12% during the session, a far better performance than the S&P 500 index's 0.2% slump on the day. Acquisition news fuels optimism The pair of fresh takes came on the back of news that Cipher Mining had closed its latest facility acquisition. This was for a property in Barber Lake, Texas that will bolster its mining efforts. The company is ponying up $67.5 million in cash, plus $3 per MWh for a period of five years after the energization of the facility. In the original press release trumpeting the purchase, Cipher Mining CEO Tyler Page said that its new property is "ideally suited for either hosting a large [high-performing computing] customer or mining Bitcoin." In the wake of that news, two firms initiated coverage of the Bitcoin miner's stock. Macquarie 's Paul Golding went a step further, as he has begun covering the crypto mining sector as a whole. Go
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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
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- CIFR's page on the SEC website