Cipher Mining’s (CIFR) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Cipher Mining (NASDAQ:CIFRGet Rating) in a research note released on Thursday, Benzinga reports. They currently have a $3.00 price target on the stock.

CIFR has been the topic of several other research reports. Cantor Fitzgerald assumed coverage on shares of Cipher Mining in a research note on Monday, March 13th. They set a buy rating and a $3.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Cipher Mining in a research note on Tuesday, February 21st. They set a buy rating and a $2.70 target price on the stock.

Cipher Mining Trading Up 18.4 %

Shares of NASDAQ CIFR opened at $2.32 on Thursday. Cipher Mining has a one year low of $0.38 and a one year high of $3.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.18 and a quick ratio of 3.56. The firm has a fifty day moving average of $1.48 and a 200 day moving average of $1.18.

Institutional Investors Weigh In On Cipher Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. acquired a new position in shares of Cipher Mining during the 2nd quarter valued at about $25,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cipher Mining during the 4th quarter valued at about $26,000. JPMorgan Chase & Co. boosted its position in shares of Cipher Mining by 72.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,173 shares of the company’s stock valued at $29,000 after acquiring an additional 8,896 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Cipher Mining by 373.5% during the 4th quarter. Jane Street Group LLC now owns 68,531 shares of the company’s stock valued at $38,000 after acquiring an additional 54,059 shares during the last quarter. Finally, Shaolin Capital Management LLC boosted its position in shares of Cipher Mining by 37.7% during the 4th quarter. Shaolin Capital Management LLC now owns 86,250 shares of the company’s stock valued at $48,000 after acquiring an additional 23,595 shares during the last quarter. Institutional investors and hedge funds own 10.80% of the company’s stock.

About Cipher Mining

(Get Rating)

Cipher Mining Inc, a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.

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