Analyzing Bitcoin mining stocks like Cipher Mining requires a bottom-up approach at this stage of the Bitcoin market cycle. Cipher Mining's strategic hardware purchases and hosting capacity expansion have made it an appealing stock, with a 67% increase since my December "buy" rating. Q3 is expected to show a revenue decline due to increased mining and electricity costs, but Cipher's prudent "hold-some, sell-some" Bitcoin strategy aids liquidity.
Cipher Mining (CIFR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, Cipher Mining Inc. (CIFR) stood at $4.38, denoting a +1.39% change from the preceding trading day.
In the closing of the recent trading day, Cipher Mining Inc. (CIFR) stood at $3.82, denoting a -0.78% change from the preceding trading day.
In the closing of the recent trading day, Cipher Mining Inc. (CIFR) stood at $4.11, denoting a -0.72% change from the preceding trading day.
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.
No fewer than two firms initiated coverage of the Bitcoin miner. Another prognosticator weighed in by reiterating his bullish outlook.
Cipher Mining Inc. (CIFR) concluded the recent trading session at $2.93, signifying a +1.03% move from its prior day's close.
Cipher Mining Inc. (NASDAQ:CIFR ) Q2 2024 Earnings Conference Call August 13, 2024 8:00 AM ET Company Participants Tyler Page - Chief Executive Officer Ed Farrell - Chief Financial Officer Joshua Kane - Head of Investor Relations Conference Call Participants Brett Knoblauch - Cantor Fitzgerald Bill Papanastasiou - Stifel John Todaro - Needham & Co. Mike Colonnese - HC Wainwright Tyler DiMatteo - BTIG Reggie Smith - JP Morgan Mike Grondahl - Northland Securities Operator Good day and welcome to the Cipher Mining second quarter business update conference call. At this time, all participants are in a listen-only mode.
Cipher Mining's (CIFR) second-quarter 2024 revenues are likely to have increased year over year.
The latest trading day saw Cipher Mining Inc. (CIFR) settling at $3.97, representing a -1.98% change from its previous close.
Bitcoin (BTC) mining stocks are drawing significant attention from investors looking for promising opportunities in the cryptocurrency market.