Current Self-Mining Hash Rate of ~7.7 EH/s and on track to reach ~9.3 EH/s by end of Third Quarter 2024, with plans to grow to ~25.1 EH/s by end of 2025 "We continue to invest heavily in our expansion, and the early stages of construction at our new Black Pearl data center are well underway. We've already cleared and leveled over 50 acres, and we will start laying concrete foundations this month. Because of this progress, and our strong financial position, we have decided to accelerate our plans and build t ...

In the latest market close, Cipher Mining Inc. (CIFR) reached $4.50, with a +1.58% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 1.02%. On the other hand, the Dow registered a gain of 0.4%, and the technology-centric Nasdaq increased by 2.03%.The company's shares have seen a decrease of 13.98% over the last month, not keeping up with the Business Services sector's loss of 5.04% and the S&P 500's loss of 3.15%.The investment community will be paying close attention to ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Cipher Mining Inc. (CIFR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cipher Mining currently has an a ...

The most recent trading session ended with Cipher Mining Inc. (CIFR) standing at $3.42, reflecting a +1.79% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.58%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.Heading into today, shares of the company had lost 18.05% over the past month, lagging the Business Services sector's loss of 4.36% and the S&P 500's loss of 1.09% in that time.The investment community will be pay ...

The most undervalued blockchain stocks to buy in April are for those who think outside the box. Most investors know the big names already, but these hidden gems can offer significant upside potential, especially in the current market environment. The next Bitcoin (BTC-USD) halving event, scheduled for near the middle of this month, is highly anticipated in the crypto world. Historically, Bitcoin’s price has rallied in the months leading up to and following a halving event.These most undervalued blockchain s ...

With the benchmark cryptocurrency recently setting an all-time high, it was inevitable that interest in space holistically skyrocketed, thus boding well for so-called blockchain stocks. Basically, these are enterprises that either mine cryptos or facilitate their acquisition. Fundamentally, they offer an alternative path to decentralized riches.But what on Earth would you want to buy blockchain stocks when you can buy cryptos instead? As with anything in life, there are pros and cons. Regarding the risks of ...

Cipher Mining Inc. (NASDAQ:CIFR) Q4 2023 Earnings Conference Call March 5, 2024 8:00 AM ET Company Participants Josh Kane - Head of Investor Relations Tyler Page - Chief Executive Officer Ed Farrell - Chief Financial Officer Conference Call Participants John Todaro - Needham & Company Reginald Smith - JPMorgan Joseph Vafi - Canaccord Genuity Gregory Lewis - BTIG Josh Siegler - Cantor Fitzgerald Bill Papanastasiou - Stifel Joe Flynn - Compass Point Research Mike Colonnese - H.C. Wainwright Operator Good morn ...

Fourth Quarter GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m Full Year 2023 Revenues of $126.8m Increased Hash Rate to 7.4 EH/s in First Quarter 2024 and on track to reach 9.3 EH/s by end of Third Quarter 2024, with potential to grow to 25 EH/s by the end of 2025 NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced results for its fourth quarter and full year ended December 31, 2023, with an update on its operations and deployme ...

Cipher Mining Provides Fourth Quarter and Full Year 2023 Business Update Fourth Quarter GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m Full Year 2023 Revenues of $126.8m "We are delighted to announce our fourth quarter 2023 results, which reflect our first full quarter in which all four of our data centers were operating at full capacity. We delivered a quarter with strong positive net income on both a GAAP and Non-GAAP basis. And while recent FASB accounting changes have been a tailwind for all th ...

If a fork occurs on a digital asset network which we hold or are mining, such as bitcoin, it may have a negative effect on the value of the digital asset and could have a material adverse effect on our business, prospects, financial condition, and operating results. The development and acceptance of cryptographic and algorithmic protocols governing the issuance of and transactions in cryptocurrencies is subject to a variety of factors that are dif icult to evaluate. 43 • changes in consumer demographics and ...