In the latest trading session, Cipher Mining Inc. (CIFR) closed at $4.38, marking a +1.39% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.75%, while the tech-heavy Nasdaq lost 1.01%. The the stock of company has risen by 43.52% in the past month, leading the Business Services sector's gain of 3.52% and the S&P 500's gain of 4.31%. Investors will be eagerly watching for the performance of Cipher Mining Inc. in its upcoming earnings di ...

In the latest trading session, Cipher Mining Inc. (CIFR) closed at $3.82, marking a -0.78% move from the previous day. This move lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Shares of the company witnessed a gain of 29.41% over the previous month, beating the performance of the Business Services sector with its gain of 1.44% and the S&P 500's gain of 1.25%. Market participants will be closely following the financial results of Ciphe ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cipher Mining Inc. (CIFR) . Cipher Mining currently has an avera ...

News of a facility acquisition inspired several analysts to wax positive about the company. Two new and glowing analyst takes on the future of Cipher Mining (CIFR 12.21%) were the 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 ...

Core Viewpoint - Cipher Mining Inc. has successfully acquired the Barber Lake data center site in West Texas for $67.5 million, which includes 250 acres of land and a high-to-mid voltage substation with a capacity of 300 MW, enabling participation in the ERCOT market [1][2][3] Group 1: Acquisition Details - The acquisition was funded through the sale of a portion of the company's bitcoin inventory [1][3] - The site features a fully energized substation and all necessary regulatory approvals, making it suitable for hosting large HPC customers or bitcoin mining [2][3] - The company has entered into agreements necessary for participation in the ERCOT market [2] Group 2: Strategic Importance - The acquisition is seen as a strategic move to enhance the company's portfolio, which will grow to over 2.5 GW across 10 sites [4] - The CEO of Cipher Mining expressed that the site is a rare and valuable asset, ideal for large-scale operations, and has already attracted interest from multiple hyperscalers [3] Group 3: Company Overview - Cipher Mining is focused on developing and operating bitcoin mining data centers, aiming to strengthen the Bitcoin network's infrastructure [5]

The most recent trading session ended with Cipher Mining Inc. (CIFR) standing at $2.93, reflecting a +1.03% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.7% for the day. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 2.51%. The company's stock has dropped by 28.4% in the past month, falling short of the Business Services sector's gain of 6.45% and the S&P 500's gain of 1.27%. The upcoming earnings release of Ciph ...

AMSTERDAM, Sept. 11, 2024 /PRNewswire/ -- Bitfury Group ("Bitfury" or the "Company"), a leading fullservice blockchain technology company, today announced that it has completed the final step of the distribution plan announced earlier this year with the transfer of approximately 9.6 million shares held by Bitfury in Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher"). As part of this final step of the distribution plan, Bitfury transferred approximately 7.1 million shares of Cipher common stock to certain former an ...

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for August 2024. Key Highlights | --- | --- | |----------------------|-------------| | | | | Key Metrics | August 2024 | | BTC Mined1 | 160 | | BTC Sold | 136 | | BTC Held | 2,284 | | Deployed Mining Rigs | 76,000 | 1 Includes August power sales estimates (based on current meter data and nodal prices) equivalent to 9 bitcoin (using month-end ...

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will participate in the 4th Annual Needham Virtual Crypto Conference on September 5, 2024. Cipher's CEO, Tyler Page, will be participating in a virtual fireside chat to discuss the Company's recent Q2 earnings, growth plans, and the convergence of HPC and bitcoin mining. Details of the Event: Event: 4th Annual Needham Virtual Crypto Conference Dat ...

The immediately available 250-acre site includes a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market New site is equally well-suited for HPC infrastructure and bitcoin mining Company's aggregate data center portfolio now exceeds 2.5 GW NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company") today announced it has entered into a term sheet to acquire a new site in West Texas for ...