Cipher MiningCIFR
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 Q3 regulatory filings by fund managers ($100M+ AUM)
44% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 39
33% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 33
7% more funds holding
Funds holding: 149 [Q2] → 160 (+11) [Q3]
3% more call options, than puts
Call options by funds: $12.4M | Put options by funds: $12M
3% less capital invested
Capital invested by funds: $390M [Q2] → $377M (-$12.3M) [Q3]
1.03% less ownership
Funds ownership: 30.28% [Q2] → 29.25% (-1.03%) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
BTIG Gregory Lewis 44% 1-year accuracy 12 / 27 met price target | 38%upside $9 | Buy Maintained | 15 Nov 2024 |
Macquarie Paul Golding 85% 1-year accuracy 35 / 41 met price target | 11%upside $7.25 | Outperform Maintained | 7 Nov 2024 |
Canaccord Genuity Joseph Vafi 80% 1-year accuracy 71 / 89 met price target | 7%upside $7 | Buy Maintained | 1 Nov 2024 |
Needham John Todaro 88% 1-year accuracy 51 / 58 met price target | 15%upside $7.50 | Buy Reiterated | 1 Nov 2024 |
HC Wainwright & Co. Mike Colonnese 71% 1-year accuracy 42 / 59 met price target | 7%upside $7 | Buy Reiterated | 1 Nov 2024 |
Financial journalist opinion
Based on 4 articles about CIFR published over the past 30 days
