Bitcoin (BTC) mining stocks are drawing significant attention from investors looking for promising opportunities in the cryptocurrency market. The recent assassination attempt on former President Trump sent shockwaves through the political landscape, driving Bitcoin prices over $64,000 and boosting Bitcoin miner stocks. Earlier this year, these stocks struggled due to investor concerns over declining revenues and rising costs following the launch of spot Bitcoin ETFs in the US and the halving event. However ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cipher Mining Inc. (CIFR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. Within the past quarter, the Zacks Consensus Estima ...

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The stock's price increased in response to Bitcoin's price rise over the weekend, following Germany's liquidation of Bitcoin holdings, which alleviated selling pressure on the cryptocurrency. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete li ...

Investors will be eagerly watching for the performance of Cipher Mining Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.03, signifying a 40% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $38.85 million, indicating a 24.44% increase compared to the same quarter of the previous year. Cipher Mining Inc. (CIFR) ended the recent trading session at $4.36, demonstrating a -1.58% swing from the ...

1 Includes June power sales estimates (based on current meter data and nodal prices) equivalent to 6 bitcoin (using month-end bitcoin price of $63,370) 1 Includes June power sales estimates (based on current meter data and nodal prices) equivalent to 6 bitcoin (using month-end bitcoin price of $63,370) Management Commentary for June "At Bear we have now received and installed all the new mining rigs, and we expect to finish installing the remainder of the new mining rigs at Chief later this month," said Tyl ...

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for June 2024. Key Highlights | --- | --- | |--------------------------------------|-----------| | | | | Key Metrics | June 2024 | | BTC Mined1 | 176 | | BTC Sold | 103 | | BTC Held | 2,209 | | Deployed Mining Rigs | 75,000 | | Month End Operating Hash Rate (EH/s) | 8.6 | 1 Includes June power sales estimates (based on current meter data and n ...

The the stock of company has risen by 11.44% in the past month, leading the Business Services sector's gain of 0.6% and the S&P 500's gain of 3.53%. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 100% increase. Cipher Mining Inc. is currently a Zacks Rank #3 (Hold ...

Crypto overall didn't move much, but Bitcoin had a great week. Bitcoin's reaction MicroStrategy has a leveraged position in Bitcoin so it's not surprising its stock price has exaggerated the move in Bitcoin. Cipher Mining will also see more revenue and higher margins if Bitcoin rises. The company also held 2,142 Bitcoins as of last month. While Bitcoin's bounce has been impressive, I'm more interested in the companies doing something innovative with the blockchain, like Coinbase, which benefits from higher ...

New 2024 year-end self-mining hash rate target of ~13.5 EH/s with fleet efficiency of ~18.6 J/TH New 2025 year-end self-mining hash rate target of ~35 EH/s with fleet efficiency of ~15 J/TH About Cipher Cipher is an emerging technology company focused on the development and operation of bitcoin mining data centers. Cipher is dedicated to expanding and strengthening the Bitcoin network's critical infrastructure. Together with its diversely talented team and strategic partnerships, Cipher aims to be a market ...

New 2024 year-end self-mining hash rate target of ~13.5 EH/s with fleet efficiency of ~18.6 J/TH New 2025 year-end self-mining hash rate target of ~35 EH/s with fleet efficiency of ~15 J/TH Upgraded rigs to S21 Pro and accelerated delivery to 4Q 2024 on existing Bitmain contract Executed additional purchase of ~1.25 EH/s of latest generation Canaan A1566 miners with option to purchase an additional 160 MW of future generation miners in 2025 NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NAS ...