CIFR stock icon

Cipher Mining
CIFR

$5.24
4.19%
 

About: 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.

Employees: 35

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 19 analysts
0
News positive %
of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

85% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 26

80% more capital invested

Capital invested by funds: $145M [Q4 2023] → $262M (+$117M) [Q1 2024]

35% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 26

8% more funds holding

Funds holding: 113 [Q4 2023] → 122 (+9) [Q1 2024]

3.41% more ownership

Funds ownership: 13.81% [Q4 2023] → 17.22% (+3.41%) [Q1 2024]

48% less call options, than puts

Call options by funds: $8.49M | Put options by funds: $16.2M

Research analyst outlook

19 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$4.50
14%
downside
Avg. target
$5.39
3%
upside
High target
$9
72%
upside

19 analyst ratings

19 positive
100%
neutral
0%
negative
0%
Cantor Fitzgerald
Brett Knoblauch
72%upside
$9
Overweight
Assumed
11 Jun 2024
Needham
John Todaro
5%downside
$5
Buy
Reiterated
7 Jun 2024
HC Wainwright & Co.
Mike Colonnese
15%upside
$6
Buy
Maintained
6 Jun 2024
Needham
John Todaro
5%downside
$5
Buy
Reiterated
17 May 2024
Canaccord Genuity
Joseph Vafi
15%upside
$6
Buy
Reiterated
8 May 2024

Financial journalist opinion

Based on 5 articles about CIFR published over the past 30 days