Cipher MiningCIFR
Market Cap: 1.8B
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
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
17 Wall Street Analysts provided 1 year price forecasts over the past 6 months
17 analyst ratings
Cantor Fitzgerald Brett Knoblauch | 55%upside $9 | Overweight Assumed | 11 Jun 2024 |
Needham John Todaro | 14%downside $5 | Buy Reiterated | 7 Jun 2024 |
HC Wainwright & Co. Mike Colonnese | 3%upside $6 | Buy Maintained | 6 Jun 2024 |
Needham John Todaro | 14%downside $5 | Buy Reiterated | 17 May 2024 |
Canaccord Genuity Joseph Vafi | 3%upside $6 | Buy Reiterated | 8 May 2024 |
Financial journalist opinion
Based on 9 articles about CIFR published over the past 30 days