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0.000674763832658555 0.00190283400809717 0 -0.00134952766531711 0.00257085020242915 0.00944669365722001 0.0057354925775979 0.00404183535762488
Stock impact report

Cipher Digital (CIFR) Poised For Sales Decline Amid Transition to High-Performance Computing [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
Cipher Digital (NASDAQ: CIFR ) is one of the crypto stocks with huge upside potential . On March 2, Cantor Fitzgerald reiterated an Overweight rating on Cipher Digital (NASDAQ:CIFR) but cut the price target to $24 from $26. Cipher Digital (CIFR) Poised For Sales Decline Amid Transition to High-Performance Computing Copyright: fotomaximum / 123RF Stock Photo The price target cut comes on the heels of Cipher Mining's announcement of its transition from Bitcoin mining to high-performance computing. Even though the company is staring at significant loss in the near term, it is focusing on long-term growth through the strategic positioning around the artificial intelligence boom. Analysts anticipate a sales decline this year amid the transition. Cantor Fitzgerald's new price target reflects the reduced valuation of Bitcoin mining, while the Overweight rating affirms confidence in the company's ability to capitalize on AI demand. On the other hand, the long-term outlook remains pos Show less Read more
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