Cipher MiningCIFR
Market Cap: $905M
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 Q2 SEC filings by fund managers ($100M+ AUM)
136% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 25
108% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 24
75% more call options, than puts
Call options by funds: $18.3M | Put options by funds: $10.5M
44% more capital invested
Capital invested by funds: $264M [Q1] → $380M (+$116M) [Q2]
21% more funds holding
Funds holding: 123 [Q1] → 149 (+26) [Q2]
12.19% more ownership
Funds ownership: 17.36% [Q1] → 29.55% (+12.19%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 233%upside $9 | Overweight Reiterated | 4 Sept 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 233%upside $9 | Overweight Reiterated | 3 Sept 2024 |
Canaccord Genuity Joseph Vafi 44% 1-year accuracy 34 / 78 met price target | 159%upside $7 | Buy Maintained | 29 Aug 2024 |
Canaccord Genuity Joseph Vafi 44% 1-year accuracy 34 / 78 met price target | 159%upside $7 | Buy Maintained | 21 Aug 2024 |
Compass Point Chase White 43% 1-year accuracy 3 / 7 met price target | 233%upside $9 | Buy Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 6 articles about CIFR published over the past 30 days