Cipher Mining Inc (CIFR) Reports Strong Earnings Amidst Expansion Efforts [Yahoo! Finance]
Cipher Mining Inc. (CIFR)
Company Research
Source: Yahoo! Finance
Hash Rate Increase : Achieved 7.4 EH/s in Q1 2024, targeting 9.3 EH/s by Q3 2024. Balance Sheet Strength : Cash and cash equivalents of $86.1 million as of December 31, 2023. Operational Leverage : Record revenues and net profits on both a GAAP and Non-GAAP basis. Warning! GuruFocus has detected 1 Warning Sign with CIFR. On March 5, 2024, Cipher Mining Inc ( NASDAQ:CIFR ), an emerging technology company specializing in Bitcoin mining, released its 8-K filing , announcing its fourth quarter and full year results for the period ended December 31, 2023. The company reported a strong quarter with positive net income on both GAAP and Non-GAAP bases, highlighting the first full quarter of operations with all data centers fully deployed. Cipher Mining Inc ( NASDAQ:CIFR ) is dedicated to expanding and strengthening the Bitcoin network's infrastructure. With a focus on growth and innovation, the company is well-positioned in the capital markets industry as a leader in Bitcoin mining
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CIFR
News
- 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
- NewtekOne, eHealth among financial movers [Seeking Alpha]Seeking Alpha
- Cipher Mining Provides First Quarter 2024 Business UpdateGlobeNewswire
- Adeia (ADEA) Q1 Earnings Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Should You Buy Cipher Mining (CIFR) Ahead of Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
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