Why Cipher Mining Inc. (CIFR) Outpaced the Stock Market Today

Cipher Mining Inc. (CIFR) closed the most recent trading day at $6.42, moving +2.39% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Meanwhile, the Dow experienced a rise of 0.52%, and the technology-dominated Nasdaq saw an increase of 0.74%. Shares of the company witnessed a gain of 64.57% over the previous month, beating the performance of the Business Services sector with its loss of 1.28%, and the S&P 500's gain of 4.2%.The upcoming earnin ...