Cipher Mining (CIFR) Issues Q2 Business Update

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Cipher Mining (CIFR) PT Raised to $9 at Compass Point

August 14, 2024 9:28 AM EDT

Compass Point analyst Chase White raised the price target on Cipher Mining (NASDAQ: CIFR) to $9.00 (from $7.50) while maintaining a Buy rating.

The analyst comments "Yesterday morning, CIFR reported 2Q24 revenues below our prior estimate driven by lower BTC price, and likely downtime from fleet refreshing, and mined at avg. operating hash rate ~6 EH/s at Odessa.... More