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Cipher Digital has declined 27% since May, underperforming its benchmark, yet my Buy rating remains unchanged. CIFR trades at an 8.2x forward price-to-sales ratio, justified by anticipated triple-digit revenue growth versus sector peers. Despite a recent double-miss and ongoing volatility, I see no structural changes undermining CIFR's investment thesis.
Cipher Mining (NASDAQ:CIFR) stock is down 6% to $15.92 in the regular session this Thursday morning, leading the Bitcoin (CRYPTO:BTC) miner group lower on a broadly risk-off tape.
Concurrent Investment Advisors LLC raised its stake in Cipher Mining Inc. (NASDAQ: CIFR) by 215.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,916 shares of the company's stock after acquiring an additional 46,354 shares during the
Cipher Digital Inc. (CIFR) closed at $16.9 in the latest trading session, marking a -8.7% move from the prior day.
Cipher Mining Inc. (NASDAQ: CIFR - Get Free Report) saw unusually large options trading on Tuesday. Traders bought 180,265 call options on the company. This represents an increase of 53% compared to the average volume of 117,563 call options. Analyst Ratings Changes A number of equities research analysts recently issued reports on the company. Chardan Capital
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Cipher Digital stock sank in August following the release of the company's second-quarter report. Shares are rebounding in September following news of power-sourcing initiatives for the company's data centers.