11-Dec-2024
SA Charts: How did bitcoin miners perform in November?
Seeking Alpha News (Wed, 11-Dec 12:44 PM ET)
Bitcoin miners MARA, CleanSpark, Cipher upgraded at J.P. Morgan
Seeking Alpha News (Tue, 10-Dec 9:35 AM ET)
Cipher Mining Announces November 2024 Operational Update
Globe Newswire (Tue, 3-Dec 9:00 AM ET)
Globe Newswire (Tue, 26-Nov 9:00 AM ET)
Cipher Mining Announces October 2024 Operational Update
Globe Newswire (Mon, 4-Nov 4:05 PM ET)
Cipher Mining Provides Third Quarter 2024 Business Update
Globe Newswire (Thu, 31-Oct 7:00 AM ET)
Cipher Mining Announces Date of Third Quarter 2024 Business Update Conference Call
Globe Newswire (Wed, 16-Oct 4:05 PM ET)
Globe Newswire (Tue, 15-Oct 9:00 AM ET)
Cipher Mining Announces September 2024 Operational Update
Globe Newswire (Thu, 3-Oct 9:00 AM ET)
Cipher Mining Announces the Closing of its Acquisition of Barber Lake 300 MW Data Center Site
Globe Newswire (Tue, 24-Sep 9:05 AM ET)
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
Cipher Mining trades on the NASDAQ stock market under the symbol CIFR.
As of December 11, 2024, CIFR stock price climbed to $6.46 with 7,408,295 million shares trading.
CIFR has a beta of 2.99, meaning it tends to be more sensitive to market movements. CIFR has a correlation of 0.10 to the broad based SPY ETF.
CIFR has a market cap of $2.17 billion. This is considered a Mid Cap stock.
Last quarter Cipher Mining reported $24 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.07.
In the last 3 years, CIFR traded as high as $7.99 and as low as $.38.
The top ETF exchange traded funds that CIFR belongs to (by Net Assets): VTI, IWM, WGMI, BLOK, VGT.
CIFR has outperformed the market in the last year with a return of +163.7%, while the SPY ETF gained +33.0%. In the last 3 month period, CIFR beat the market returning +108.4%, while SPY returned +9.9%. However, in the most recent 2 weeks CIFR has underperformed the stock market by returning +0.2%, while SPY returned +1.4%.
CIFR support price is $5.65 and resistance is $6.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIFR shares will trade within this expected range on the day.