Cipher Mining: Liquid And Worth A Look [Seeking Alpha]
Cipher Mining Inc. (CIFR)
Company Research
Source: Seeking Alpha
The Company's balance sheet is strong with ample liquidity, giving it a material competitive advantage. The Company has outperformed the Valkyrie Bitcoin Miner's ETF since that ETF's inception. Introduction In this article, I continue my coverage of crypto miners by examining Cipher Mining, Inc. ( NASDAQ: CIFR ) (the " Company "). Recent articles have covered Bitfarms Ltd. BITF ") and TeraWulf Inc. WULF ") and, in this article, I will compare the Company to those two competitor miners. In the past, I have also covered Argo Blockchain Ltd Argo ") and hope to post an update article on Argo in the near future. Relative to BITF and WULF, I am upbeat about the Company and have purchased a small position in the crypto miner. At this juncture, I think the Company is a speculative BUY for several reasons, which will be discussed below. Before I address those reasons, however, I have included some background information with respect to the Company. Brief Background Per its recent
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CIFR
News
- Cipher Mining Inc. (NASDAQ:CIFR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cipher Mining Inc. (NASDAQ: CIFR) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $6.00 price target on the stock, up previously from $5.50.MarketBeat
- Cipher Mining Inc. (NASDAQ: CIFR) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $5.00 price target on the stock.MarketBeat
- Cipher Mining First Quarter 2024 Earnings: EPS: US$0.14 (vs US$0.027 loss in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Cipher Mining Inc. (NASDAQ: CIFR) had its price target raised by analysts at HC Wainwright from $4.50 to $5.50. They now have a "buy" rating on the stock.MarketBeat
CIFR
Earnings
- 5/7/24 - Beat
CIFR
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/6/24 - Form 4
- CIFR's page on the SEC website